Tags, a business that generates instant checkouts points, has landed $3.5m in pre-seed investment.
The company saw investment from firms like XRC Labs, Not Boring, Tiny Capital, Unpopular Ventures, Gaingels and Vibe Capital.
According to FinSMEs, the firm enables transactions to take place where and when purchase intent is highest.
When a buyer activates a Tag, they experience a pre-loaded shopping cart with one-click functionality, eliminating several traditional purchasing steps. Each of them is encoded, like a transactional barcode and comes in different formats to support all media types.
QR Tags can be used for instant purchasing at physical locations, on products for repurchasing or on-print materials, like magazines or brochures. Link Tags can be used on social media as link stickers or as bio links.
Text Tags are used for live shopping, podcasts and other types of conversational commerce. Tap Tags are fast and easy for consumers to engage with via websites, AR, VR or the metaverse.
The firm plans to use the newly raised funding to speed up growth as well as expand its operations and its business reach.
Krepling, a US-based e-commerce dev platform provider, recently raised $1m in a pre-seed financing round.
The round was led by LAUNCH, Jon Oringer, Brickyard and Jason Calacanis.
Krepling claims it is the world’s first no-code composable platform built for commerce. The company enables merchants to build and unify their entire e-commerce stack and build brilliant, end-to-end, purchasing and automation channels beyond a simple storefront.
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