Searchsping, a San Antonio, CA-based provider of an ecommerce site search, product merchandising, and ecommerce personalization platform, received an investment from PSG.
The amount of the deal was not disclosed.
The company intends to use the funds to pursue accelerated growth of its platform within the ecommerce space.
Led by CEO Peter Messana, Searchspring enables brands to get the right product, to the right person, at the right time, and increase cart size, conversion, and repeat customers. Purpose built for ecommerce, merchants use the platform to facilitate product discovery through semantic site search capabilities and flexible product merchandising, which includes business rules as well as AI-driven campaigns. In addition, insights, data, and reporting give merchants a detailed look at shopper behavior and search performance unlike that of many other ecommerce platforms.
Customers include Chubbies, Pura Vida, Moen, Fabletics, Peet’s Coffee, SKIMS, West Elm, Specialized, Wildfang, and Ripcurl, among others.
Founded in 2007, Searchspring has offices in San Antonio, Denver, Colorado Springs, Portland, Toronto, Krakow, and Sydney. Following the deal, Scaleworks of San Antonio, an existing Searchspring investor, will remain an investment partner.
FinSMEs
28/09/2022