Approveit, a business operations automation platform, has raised $1 million in funding from 10VC, Verras Capital, Telegraph Hills Capital, and many other partners and angel investors.
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The company’s objective of automating business operations into a one-stop shop will be made simpler with the funding.
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Approveit is designed to help businesses thrive. It aims to be the one source of truth for your company, help you control, simplify, and improve your business processes. We believe that workflow automation should be accessible for businesses of all shapes and sizes.
“Our investment in Approveit underscores our confidence in platforms capable of serving diverse customer segments and addressing a broad range of use cases to drive significant impact. By integrating Approveit into their workflows, customers achieve substantial efficiency gains, while their documentation and compliance processes are markedly enhanced,” said 10vc.com.
“As we engaged with more clients, we discovered they were applying our platform brilliantly — managing internal audits, HR operations, and even strategic decision-making processes. This revelation expanded our vision of Approveit’s potential and deepened our understanding of diverse industry needs. Seeing the variety of use cases has been exhilarating. It’s a testament to the importance of listening to our customers, adapting to their needs, and continuously pushing the boundaries of our technology,” said Serge Gusev, CEO and co-founder of Approveit. “We are going to spend new funding to attract new clients, enhance our technology platform, and achieve $1M ARR by March of 2025.”
“Our mission is to help businesses thrive and we believe that workflow automation should be accessible for businesses of all shapes and sizes. We сreate our product not only with our own ideas but users’ experience and feedback as well. We`re leveraging over 100,000 customer requests to build an ML model now, providing enhanced insights into their processes for more informed decision-making,” said Dmitry Matveev, CTO and co-founder of Approveit.
About Approveit
Approveit was founded by Dmitry Matveev and Serge Gusev in 2021. Based on users’ requests, approveit has been constantly expanding and changing. It started as a simple Slack bot and has evolved into a full-scale workflow management platform. Simple to use. Powerful. Efficient. Its founders have gathered together a great team of young professionals, fully distributed, with HQ in San Francisco, California.
