Pietra has announced it has raised $15M in a Series A funding round led by Founders Fund with participation from Andreessen Horowitz, TQ Ventures, Abstract Ventures and other strategic investors.
The capital injection will be used to grow the internal team, expand the platform and supplier marketplace.
“I’m a firm believer that anyone with entrepreneurial spirit and an idea should have the proper infrastructure to support them in following their dream,” said Ronak Trivedi, co-founder and CEO of Pietra. “Historically only top Creators or established corporations have had access to the resources that could bring an idea to life. Pietra aims to democratize this access by enabling a single Creator to launch the next best-selling product line while maintaining creative and financial control of their brand.”
In 2019, the platform raised $4 million in seed funding from Andrew Chen of Andreessen Horowitz, TQ Ventures founded by Scooter Braun, Schuster Tanger, and Andrew Marks, along with other angel investors such as Will Smith, and Robert Downey Jr.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.