Success! You're on the list.

Success! You're on the list.

London-based Outverse raises $6M to build a community platform for SaaS companies

Outverse team
Picture credits: Outverse

Market shifts towards product-led growth (PLG) mean that more companies are finding community functions critical to their success. Teams need to collect feedback, share knowledge with their users, and support customers in securing maximum value from their products. But many companies are still hosting their communities on platforms that weren’t designed for this.

The Outverse platform is a vast evolution of what was previously available in the market. The company’s goal is to build a ‘full-stack’ community platform — complete with dynamic forums, knowledge bases, and product documentation — that specifically meets the needs of software companies, from startups to scale-ups/enterprises.

Secured $6M funding 

The London-based community platform for modern SaaS companies, Outverse, has raised $6 million in a seed round led by Wing VC. Also participating in the round are Notion Capital (which backed Resistant AI and Griffin), Seedcamp, Connect Ventures, and Tiny VC. This round follows the £1 million pre-seed funding that was raised earlier. 

Outverse is now entering open beta. It is a community product tailored to the needs and use cases of software companies and gives product teams an extensible, configurable platform for connecting with their customers and users.

The company is working on a range of AI-powered features, which will be rolled out over the coming months, including AI-augmented knowledge retrieval flows, along with AI-powered team and admin workflows.

Kyran Schmidt, Co-founder of Outverse, said: “The companies that win big in the next decade will be those that proactively build closer, more authentic relationships with their user community. Outverse will offer companies a complete ecosystem for staying close to their customers, enabling a new generation of iconic products and businesses to emerge.”

Zach DeWitt, Partner at Wing VC, said: “Community is becoming the epicentre for growth, product ideation and support for modern software companies. However, existing community tools are brittle and haven’t kept up with shifting user preferences. Users are fatigued in Slack channels and overwhelmed in Discord servers. Outverse is building the community platform for the future that empowers users to do their best work and connect.”

Stephanie Opdam at Notion Capital noted, “The most successful software companies of the next decade will invest in the community early. We see Outverse becoming the engine that powers those communities and enables the new era of community-led growth. We’re particularly excited by the simplicity of setup and ease of use that makes community highly accessible to software companies of all sizes, and gives them a searchable, indexable resource that increases in value over time.”

Builds communities for software companies

Outverse was founded by Kyran Schmidt, previously an early-stage investor at Seedcamp; Ollie Steadman, and Jeylani Jeylani, both previously associated with Tab Travel (YC15). Its current team of 11 comes from the likes of Meta, Twitter, 1Password, Lyft, Multiverse, and Softr. 

Outverse provides an extensible, configurable platform for software companies to connect with their customers and users via focused discussion, feedback, support, and knowledge sharing. Its vision of becoming a centralised knowledge ecosystem for software communities. 

At launch, Outverse integrates with workplace essentials like Slack and Figma, with further integrations and robust API access coming later this year. The platform leverages AI to make information easy to find and provides customers with the brand and SEO benefits of a custom domain and fully indexable discussions and knowledge base.

Outverse lets users post replies that are elegantly threaded, making discussions easy to follow and participate in; and it’s quicker to get answers, as the unified semantic search surfaces information from across documentation and forums.

Related Posts

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email
join our newsletter. thank you