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Announced

ICONIQ Growth led the $100m Series B round in Writer.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Pending

Minority

Single Bidder

AI writing

United States

Software

Acquisition

Cross Border

Private Equity

Private

Friendly

Synopsis

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ICONIQ Growth led the $100m Series B round in Writer with participation from WndrCo, Balderton Capital, Insight Partners, Aspect Ventures, Accenture and Vanguard. “Our foundation models are best-in-class, and they're auditable, inspectable, and hostable — but it’s not just about the models. Any CIO who's tried to build an internal generative AI application will tell you that the last mile of quality is the hardest. And we help them nail that, at scale, dozens and dozens of times as they build AI applications and assistants that enable their entire organization. And our customer’s desire to invest in the company is a true testament to the value we're providing,” May Habib, Writer CEO and Co-Founder.

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