AI Writing Tool Receives 5 Offers After Selective Search FE professionals represented an Anonymous AI Writing Company in a competitive and successful sales process
This AI Writing Tool is a pioneering platform with innovative solutions for students, teachers, writers, and businesses across the globe. With over 10 million users and a presence in over 180 countries, the company integrates cutting-edge AI tools to enhance productivity and creativity in content creation. Key offerings include AI-driven writing, rewriting, homework assistance, grading, and plagiarism detection, all backed by robust research tools that ensure accurate and high-quality output. Company Overview:
Anonymous AI SaaS Content Creation
Sold to
Private Buyer
Key Value Drivers:
• 86 Parties Contacted • 5 Offers Received Buyer Interest:
Process Results:
• Achieved $3M in annual recurring revenue by August 2023, indicating strong product-market fit and consistent revenue growth • Garnered 71 million website sessions in the last 12 months, demonstrating extensive user engagement and robust platform appeal • Realized compound monthly growth rates of 4% for ARPU and 3% for lifetime value • Impressive 4.6 out of 5.0 stars on Trustpilot
• As FE International knows the space very well, a focused, yet competitive process sale was achieved. • FE ran IOI and LOI stages and obtained five competitive offers for the business, meeting the owner’s expectations with a buyer able to execute seamlessly and at the right price
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