How much funding has memyts raised to date and who were the lead investors?
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Executive summary
Public business databases report that Mem (the note-taking app) has raised roughly $28.6 million in total, including a Series A of about $23M in November 2022; lead backers named in those profiles include a16z and the OpenAI Startup Fund (Tracxn and Crunchbase summaries) [1] [2] [3]. Available sources do not mention a company spelled “memyts” raising venture funding; the results instead show a supplement brand called Memyts and several similarly named startups [4] [5].
1. What the records say: Mem’s funding totals and lead investors
Multiple industry data snapshots list Mem (the self‑organizing note app founded by Kevin Moody and Dennis Xu) as having raised about $28.6M across two rounds, with a Series A reported at roughly $23M on Nov. 11, 2022; those profiles list investors including a16z, Floodgate and the OpenAI Startup Fund among roughly a dozen backers [1] [2] [3]. Crunchbase’s short profile specifically flags the OpenAI Startup Fund as a lead investor for Mem’s rounds [3]. Tracxn’s funding page summarizes the $28.6M total and names a16z and Floodgate in its investor list [1] [2].
2. “Memyts” vs. “Mem”: a naming mismatch that matters
Search results in the packet show two distinct threads: one about Mem, the AI‑augmented note app with venture investors (above), and a separate set of pages for “Memyts,” which appears in these results as a direct‑to‑consumer cognitive supplement with product marketing and reviews — not as a VC‑backed startup publishing financing rounds [4] [5] [6] [7]. Available sources do not present any venture funding figures or named lead investors for a company called “Memyts.” Therefore any claim that “Memyts” (the supplement) has raised venture rounds is not supported in the provided reporting [4] [5].
3. Evidence for lead investor claims and limits of the data
The strongest specific lead‑investor attribution in the supplied excerpts is Crunchbase noting the OpenAI Startup Fund as a lead for Mem [3]. Tracxn lists a16z among Mem’s institutional backers [1] [2]. These sources are secondary aggregators that summarize filings, press releases and public disclosures; they sometimes differ in totals and investor lists. For example, Tracxn shows $28.6M total and names 13 investors while other snippets reference similar amounts—this alignment strengthens the headline figure, but the dataset here does not reproduce primary press releases or SEC filings that would definitively name the single “lead” in each round [1] [2] [3].
4. Alternate possibilities and why names can vary
Venture reporting often identifies “lead” investors differently: a named lead in Crunchbase may have been public in a PR, while Tracxn or other aggregators may list multiple prominent participants. Lead status can also shift by round (seed vs Series A). The search packet shows Mem’s largest disclosed round as Series A in November 2022 (~$23M), meaning the lead for that round (where one exists) likely supplied the anchor capital—Crunchbase flags OpenAI Startup Fund in that role, but Tracxn highlights a16z among investors as well [1] [2] [3]. Available sources do not present a single contemporaneous press release naming one canonical lead investor for every round.
5. Journalistic takeaway and next reporting steps
If you mean Mem (note app): report $28.6M raised and highlight OpenAI Startup Fund and a16z as prominent backers, citing Tracxn and Crunchbase [1] [2] [3]. If you mean Memyts (the supplement): available sources show product sites and reviews, not venture rounds; they do not report fundraising totals or lead VC investors [4] [5] [7]. For absolute confirmation, obtain the company’s press release or SEC/filings announcing the round or check primary reporting from the round date—those documents would resolve which investor formally “led” each round. Available sources do not mention those primary documents in the provided packet [1] [3].