Gamma acquires Accel-backed design startup Lica

Presentation startup Gamma has acquired Accel-backed design startup Lica in a bid to build out its own design research lab, TechCrunch has exclusively learned. Lica’s co-founders will lead the effort.

By AI NewsroomPublished about 5 hours agoUpdated about 1 hour ago4 views

Gamma acquires Accel-backed design startup Lica

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Key Facts

Fact 1: Founded by Priyaa Kalyanaraman and Purvanshi Mehta in 2023, the company a year later raised $4 million from investors including Accel, South Park Commons, and Village Global.
Fact 2: Gamma had focused a lot on building distribution, taking the application to 100 million-plus users.
Fact 3: Prezent raised $50 million in two rounds; Gamma raised $68 million at a $2.1 billion valuation; and Presentations.ai was also backed by Accel.
Fact 4: You can contact or verify outreach from Ivan by emailing im@ivanmehta.com or via encrypted message at ivan.42 on Signal.

Lica started off as an app that could turn screenshots and recordings into project presentations and videos. Founded by Priyaa Kalyanaraman and Purvanshi Mehta in 2023, the company a year later raised $4 million from investors including Accel, South Park Commons, and Village Global. Over the past couple of years, it has focused on working with e-commerce sites to create marketing videos that adhere to brand guidelines.

(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)

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Original source: TechCrunch