Feedvisor Secures $20M; Series B Funding Round Led by General Catalyst
New York: Feedvisor, the solution-provider for algorithmic repricing and demand planning for eCommerce marketplace sellers, has secured a $20 million Series B round led by General Catalyst. Larry Bohn, managing director of General Catalyst and an investor and board member of HubSpot, Demandware and BigCommerce, will be joining the Feedvisor board. The capital will be used to expand Feedvisor’s product offering and accelerate the growth of its U.S. operations. This round, which included participation from existing investors Square Peg Capital, Jal Ventures, Oryzn Capital and Titanium Investments, brings Feedvisor’s total funding to date to $33 million.
“Online marketplaces such as Amazon have revolutionized retail and created amazing growth opportunities for online retailers. These retailers now face the unique challenge of making business-critical decisions in a highly competitive and rapidly changing environment,” said Victor Rosenman, Feedvisor’s founder and CEO. “Feedvisor addresses the complex needs of marketplace sellers by applying machine-learning algorithms to the processes of pricing, demand planning, assortment management and replenishment. As a result, over the last 12 months, our customers have consistently outperformed the market and achieved outstanding business results.”
“There is a massive change in the way consumers purchase products today and this is disrupting the entire chain of how products are manufactured, sold and delivered,” said Larry Bohn, managing director of General Catalyst. “With its leadership position in the market, Feedvisor is fueling and empowering a new generation of retailers to profit from this shift. Those who are taking advantage of its technology are winning big.”
Found this post useful? Kindly tap the ❤ button below! :)
About MarTech Advisor
MarTech Advisor is the world’s leading and dedicated source of unbiased research, news and expert commentary relating to the explosive marketing technology landscape. You can connect with us on Twitter, LinkedIn, Facebook and Google+