💰Ex-Ramp Engineers' Melius Raises $20M Series A From CRV
TL;DR
Melius, an 'agents lab for creative work', raised a $20M Series A led by CRV, on top of a $5M General Catalyst seed. The founders scrapped their first product after six months.
Melius, an 'agents lab for creative work', raised a $20M Series A led by CRV, on top of a $5M General Catalyst seed. The founders scrapped their first product after six months. The rebuild passed $1M in annualized revenue within two months of its July launch.
Key Points
Total raised: $25M ($20M Series A led by CRV, $5M seed from General Catalyst)
Founders Joowon Kim, Young Kim and Arnav Ramu all came from Ramp
Product generates ad campaigns, images and video from natural-language prompts
First product, an AI performance-marketing tool, was dropped after six months
Over $1M annualized revenue within two months of the July launch
Why It Matters
A hard pivot paid off in weeks, which says the market for creative-agent tooling is demand-led. Founders who kill a weak codebase early are getting funded for it.
Quick Facts
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