Mumbler, the startup that helps content creators monetize their content and grow their audience, has successfully closed its first round of financing through the equity crowdfunding platform StartupXplore.
The operation has been a resounding success, with a total of €155,000 invested and led by entrepreneurs such as Filipe Polo (Talenthackers), Juan Pablo Tejela (Metricool), Luis Diaz del Dedo (Product Hackers), Félix Velasco (Wembley Studios), and Juan Jesús Yubero (LINK Mobility), along with over 100 investors.
The goal of this investment round is two fold. On one hand, a significant portion of the resources will be allocated to attracting more content creators to the platform, aiming to surpass the milestone of 500 creators monetizing their content within Mumbler. On the other hand, Mumbler will continue investing in the development of its product, focusing on three key areas:
- Providing tools for content creators to continuously grow their audiences
- Offering additional modes of content monetization. Currently, Mumbler allows creators to charge for their content through subscription and one-time payment formats, and soon it will introduce new monetization avenues.
- Streamlining the daily tasks of content creators by automating repetitive tasks and enabling them to focus on what truly matters. In this regard, the company is exploring the use of generative Artificial Intelligence as support for content creation and dissemination tasks.
Pol Rodríguez, co-founder of Mumbler and CEO, expressed great satisfaction with the outcome of the financing round: “This round provides us with the resources we need to fuel our growth, as well as access to the expertise and knowledge of many top-tier entrepreneurs who support us.”
In 2022, Mumbler validated its business model, with over 45 content creators generating revenues totaling more than €10,000. Moreover, more than 2,200 transactions were conducted, over 1,800 audio files were uploaded to the platform, and over 300 users paid for some content.
For Mumbler, this financing round represents a significant endorsement that will allow the company to continue working on the development and enhancement of its tool for content creators. Furthermore, a substantial portion of the funding will be allocated to expansion and the acquisition of thousands of new content creators.
The market for content creators encompasses over 300 million individuals worldwide, and Mumbler aims to provide them with the best tool to grow their audience and monetize their content.