2 years ago

Shop Circle Raises $120 Million for AI-Powered Ecommerce Software

  • Shop Circle, a London-based startup, has secured $120 million in Series A debt and equity funding

  • The round, led by 645 Ventures and 3VC, will be used to develop Shop Circle's AI-powered ecommerce software tools, which aim to optimize brands' online shopping experiences

  • The company's software includes tools for digital content-selling, physical store maps, referral programs, shipping calculators, and restock notifications

  • Shop Circle claims its apps can shrink costs, optimize tech stacks, and lead to more conversions

  • The funding round also attracted investment from QED Investors and NfX.

      • ProblemTechnology

      "Ecommerce brands struggle to optimize their online shopping experiences, leading to high costs, inefficient tech stacks, and low conversion rates."

      Solution

      "Shop Circle provides AI-powered ecommerce software tools that automate and optimize key aspects of online shopping, including digital content selling, physical store maps, referral programs, shipping calculators, and restock notifications, helping brands reduce costs, streamline operations, and increase conversions."

      Covered on