The Time We Met Gamma

The Journey from 100k to 18M Users Within a Year

Gamma today announced a significant Series A funding round led by Accel , followed by Fellows Fund and many other top investors!

Here is the highlight of their impressive achievements: 18 million users, 1 million monthly active users, over 60 million projects, and 100,000+ websites published—all while being profitable with zero cash burn.

What a milestone!

We at Fellows Fund are thrilled to be a part of this journey alongside the fantastic Gamma team. Let me take you back to how our paths first crossed.

Nearly a year ago, our AI Fellow team was deep in discussions about the potential of Generative AI to revolutionize various sectors. We were brainstorming which industries to dive into for our Fund 2. As I sat down to draft a presentation, I found myself staring at an empty Google Slides for nearly thirty minutes, struggling to start. That's when it struck me: isn’t this a universal problem? Everyone faces the challenge of moving from an idea to a draft—it’s a significant barrier.

Determined to find a startup that could tackle this issue, I partnered with our investment associate, Daisy Z. , to begin our search. That search led us to Gamma .

At that time, Gamma was not the leading company in the storytelling AI sector. Other companies had raised significantly more funds, had larger user bases, and even bigger offices. However, when we tested all the available products, Gamma stood out by providing the best user experience, and most importantly, the most beautiful slides!

True to one of Fellows Fund's core investment principles—fast iteration—I sent bug reports to Grant Lee , the co-founder and CEO of Gamma, late on a Friday night intentionally. I shouldn't have, but I did. To my surprise, he responded within 10 minutes, humbly acknowledging the issues and committing to quick resolutions. Often, the problems were fixed over the weekend or within a couple of weeks.

Their ability to deliver outstanding user experiences and iterate quickly led me to a realization: how could they not succeed? Impressed by the exceptional AI expertise of our fellows, the Gamma founders acknowledged their capabilities, leading us to invest in the company in April 2023.

The following months were nothing short of miraculous. We collaborated closely with the Gamma team, enhancing their product and AI strategy, and watched as their user base grew from 100k to over 18 million.

We advise every AI founder to observe how Gamma delivers value to its users, focusing not only just on technical capabilities but also on ensuring user satisfaction with every interaction.

Many people wonder about the threat from giants like Microsoft or Google. But seeing the Gamma team's dedication—waking up early, working till midnight, and rolling out new features every two or three weeks—I have no concerns.

Now, it’s your turn to be part of 18M users and experience it: visit gamma.app and see for yourself what Gamma is all about.

Quotes from Grant Lee, Co-founder and CEO at Gamma:

"We met the team at Fellows Fund shortly after our AI launch last year. We've grown to over 18 million users, a milestone we're incredibly proud of. Fellows Fund has been a great partner throughout and continues to provide a tremendous amount of support. As an AI-native firm, they have a deep understanding of the space and have been a great resource to us as we continue to advance our product and go-to-market strategies. I highly recommend Fellows Fund and Alex to any AI-focused startups seeking a knowledgeable and dedicated partner."

Alex Ren, Founding Partner at Fellows Fund