Shop Circle has secured $120 million in Series A funding to further develop its suite of eCommerce tools.
The move is set to enhance the London-based organisation’s position as as a one-stop shop for software for eCommerce merchants.
Luca Cartechini, the CEO and Co-Founder of Shop Circle, said: “We’re thrilled to announce the successful close of our Series A funding round, which will enable us to continue building and expanding our suite of e-commerce tools.
“Our vision has always been to create a comprehensive operating system for e-commerce brands, providing them with the necessary technology to excel in today’s competitive market.”
Following its 2022 launch, the company revealed a burgeoning tech suite, aimed to empower eCommerce merchants and brands to scale their businesses with ease. Over the last 18 months, the firm has gone from strength-to-strength, boasting a customer base of more than 100,000 e-commerce brands worldwide, and an astounding 360% YoY growth.
Shop Circle is now aiming to deepen its technical consultation offering, to further bolster its comprehensive platform by leveraging AI to offer hyper-personalised data-driven insights.
“Since our inception, we have embraced the AI revolution and promptly built several applications to support and automate the majority of our processes, offering a distinct advantage in operating and growing our suite of software. Our goal is to equip e-commerce entrepreneurs with the high-performance tools and expertise they need to scale business effortlessly,” says Gian Maria Gramondi, Co-Founder and COO of Shop Circle.
“With our tech stack review program, we are able to help e-commerce companies unlock their true potential by shedding unneeded tech and costs, enabling long-term success and scale.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global