Zive AI Raises $1 Million in Seed Round

Zive AI Raises $1 Million in Seed Round

Zive AI, a Palo Alto, CA-based company providing AI-powered solutions for venture capital (VC) fund management, has raised $1 million in seed funding.

The funding round was led by 7BC Venture Capital and CerraCap Ventures.

7BC Venture Capital is a firm focused on funding and supporting technology startups that automate and reimagine human workflows while harnessing the power of data. It has a diverse set of strategic individual LP investors backing its funds, which support portfolio companies across all stages of growth.

CerraCap Ventures, a global venture capital fund headquartered in Southern California, is dedicated to early-stage technology investments in enterprise (B2B) solutions focused on the new fundamentals of the digital age—namely, technologies that drive a healthier and more secure planet.

The company plans to use the funds to accelerate its development of automated solutions that streamline back-office operations, reduce costs, and enhance efficiency for venture capital funds.

Zive AI provides an AI-powered fund management solution designed to automate and streamline the operations of venture capital funds. Its current solution encompasses an end-to-end suite of VC fund management and administration products, including AI-powered fund administration, automated verification of fund accounting accuracy, instant generation of capital statements, tax and K-1 filings reports, fund performance reports, and Limited Partner (LP) management.

Funding Details

Company: Zive AI Inc.

Raised: $1.0M

Round: Seed Round

Funding Date: October 2024

Lead Investors: 7BC Venture Capital, CerraCap Ventures

Additional Investors:

Company Website: https://www.zive.ai/

Software Category: Fund Management Solution