Advanced Commerce, a London, UK-based provider of a visual merchandising platform, raised £1.5M in funding.
The round was led by Wealth Club and Haatch Ventures.
The company intends to use the funds to accelerate growth and expand geographically and develop new products in the merchandising ecosystem.
Led by CEO Andre Brown, Advanced Commerce provides a visual merchandising platform, which helps retailers merchandise their websites, delivering an online shopping experience to increase sales and reduce drop-off rates and basket abandonments. It serves online retailers such as LK Bennett and The Conran shop.
Commenting on the investment Andre Brown, CEO of Advanced Commerce said: “We were delighted to raise a further £1.5 million in order to continue growing the business at its current pace. […] The software we have developed is called GrapheneHC and is effectively three technologies in one including site search, visual merchandising and product recommendations. We want this technology to become the gold standard for all online retailers.”
FinSMEs
24/12/2022