Fundraising FoxGamma
Unicorn · $2.1B8 known investors
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Gamma is an AI design tool that generates presentations, websites, and other content from prompts without requiring coding or design skills. It targets general users who want to create polished visual content quickly.
Also known as Gamma · gamma.app
Founders & leadership
Investors · 8
How we know: Accel's portfolio page · funding news · research · techcrunch.com · Not right? Tell us
How we know: Allison Pickens Ventures's portfolio page · Not right? Tell us
How we know: Sapphire Ventures's portfolio page · Not right? Tell us
How we know: Script Capital's portfolio page · Not right? Tell us
How we know: South Park Commons's portfolio page · Not right? Tell us
How we know: Uncork Capital's portfolio page · funding news · research · techcrunch.com · Not right? Tell us
How we know: funding news · research · techcrunch.com · Not right? Tell us
Funding
SEC filings, press & company announcements$68M disclosed across 1 of 4 rounds · 2024–2025
Source: company announcements and press reports — follow each round's link for the claim.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Gamma develops an AI design product that turns written input into presentations, websites, documents and social media posts without requiring coding or design skills. Users describe what they want and the system handles layout, hierarchy, typography, color and visual structure, producing web-native artifacts rather than static files. Outputs are interactive and shareable by link, and the company positions the product as an alternative to traditional presentation software such as PowerPoint and Keynote.
Beyond decks, Gamma lets users publish single- or multi-page websites. Any Gamma document or deck can be converted into a site, published to a free gamma.site subdomain, or, for Pro subscribers, connected to a custom domain with automatic or manual DNS setup and SSL issuance; hosting is handled by Gamma. Site features include navigation, page-level publishing, preview across desktop, tablet and mobile, and the ability to unpublish or disable a site. As documented by the company, Gamma sites do not currently support e-commerce or blogging, and sites cannot be reverted to their original presentation format. Gamma also offers an API so users can connect it to other tools and generate branded decks, reports or websites at scale from triggers such as CRM or spreadsheet data.
Founding story
Co-founders Grant Lee, Jon Noronha and James Fox met at Optimizely, where working on experimentation shaped their approach to product and company building. Lee has described early skepticism about the concept, including an investor telling him it was the dumbest idea he had ever heard.
Business model
Gamma operates a freemium software business: the product is free to use, with paid tiers (including a Pro subscription that adds capabilities such as connecting custom domains) and an API for programmatic generation. The company reports having reached profitability, which its CEO attributes in part to its pricing approach.
Subscription software revenue from free-to-paid conversion of self-serve users, with Pro plans unlocking features such as custom domains; an API extends usage into automated generation workflows.
Traction
Over 70 million users have adopted the product since launch, and the company reported surpassing $100 million in ARR profitably, having reached $50 million ARR in its first two years, with a team of roughly 50 people.
Latest developments
In November 2025 Gamma announced a $68 million Series B led by Andreessen Horowitz at a $2.1 billion valuation, with participation from Accel and Uncork Capital; the round included a $20 million secondary offering providing liquidity to early employees. The company disclosed $100 million ARR and 70 million users at the same time, and said it was hiring.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Gamma competes in presentation and content-creation software long dominated by PowerPoint and Keynote, positioning itself as an AI-native product in which models and design systems are core to the experience rather than added features. Its investor a16z frames it as doing for presentations and storytelling what Figma did for design.
Outputs are web-native and interactive rather than files, spreading via link sharing; AI handles design decisions so users start with ideas instead of slide layouts. The company also points to unusually capital-efficient, profitable growth with a small team.
Technology
AI generation layered on design systems that apply layout, hierarchy, typography, color and spacing automatically. The product publishes hosted websites with subdomain or custom-domain support, DNS verification and SSL provisioning, and exposes an API for programmatic document, deck, report and site generation.
Go-to-market
Growth has been entirely product-led and organic, driven by link-sharing virality, onboarding optimization focused on the first 30 seconds of user experience, a Product Hunt launch, and influencer marketing using more than 1,000 micro-influencers rather than large-name creators.
Broad, self-serve audience of individuals and teams creating visual content, spanning startup founders, consultants, sales teams, teachers and students, as well as personal use cases such as offsite agendas, travel itineraries and trackers.
Geography
Headquartered in San Francisco, with a global self-serve user base.
History
The company was founded in late 2020 and first launched its product in 2022. It raised a $12 million Series A led by Accel in 2024, and in November 2025 announced a $68 million Series B led by Andreessen Horowitz at a $2.1 billion valuation, bringing total fundraising to roughly $90 million. By that point it reported $100 million in ARR and 70 million users with about 50 employees, having reached $50 million ARR profitably in its first two years.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsThe round, which included a $20 million secondary offering giving liquidity to early employees, brought total fundraising to about $90 million. Accel and Uncork Capital also participated.
$68M source ↗
A video feature with co-founder and CEO Grant Lee on using AI to transform business presentations, produced with J.P. Morgan's startup banking team.
The company, founded in late 2020, first launched its product in 2022.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Gammagamma.site · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Gamma do?
- Gamma is an AI-native tool that generates presentations, websites, documents and social posts from written prompts.
- Who founded Gamma?
- Gamma was founded by Grant Lee, Jon Noronha, James Fox.
- Who are Gamma's investors?
- Gamma's investors include Accel, Allison Pickens Ventures, Sapphire Ventures, Script Capital, South Park Commons, SuperCharger Ventures, Uncork Capital, Andreessen Horowitz.
- How much funding has Gamma raised?
- Gamma has disclosed $68M raised across 1 of its 4 known rounds.