Total amount raised
$65 Million
Latest funding date
07/01/2021
Location
Teikametrics has successfully raised funding over three rounds, with the latest being a Series B round involving seven investors, including Intel Capital. The company is an AI-driven marketplace optimization platform designed to help brands scale their operations on platforms like Amazon, Walmart, and TikTok Shop.
Keep reading to explore the intricacies of Teikametrics' fundraising journey and the investors backing this innovative platform.
What Is Teikametrics?
Teikametrics is an AI-powered marketplace optimization platform that helps brands grow on marketplaces like Amazon, Walmart, and TikTok. The company is located in Boston, Massachusetts, and has an employee count between 101-250.
Operating in the e-commerce, internet, marketplace, and software industries, Teikametrics offers a platform known as ARI (Artificial Retail Intelligence) to optimize marketplace performance. The platform supports multi-marketplace growth, full-funnel advertising, and generative AI for listing optimization.
How Much Funding Has Teikametrics Raised?
- Series A
- Amount Raised: USD 10,000,000
- Date: October 2018
- Lead Investors: FJ Labs, Granite Point Capital, Jump Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and development of its AI-powered marketplace optimization platform.
- Series Unknown
- Amount Raised: USD 15,000,000
- Date: February 2020
- Lead Investors: Jump Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance its capabilities in response to growing demand.
- Series B
- Amount Raised: USD 40,000,000
- Date: July 2021
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To hire software engineers, data scientists, ecommerce experts, and to support sales and marketing as the platform scales.
Total Amount Raised: USD 65,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Intel Capital
- Details: Intel Capital is the venture capital arm of Intel Corporation, investing in innovative technology startups. It has a strong focus on fostering growth in companies that align with Intel's strategic interests.
- Investment Focus Areas: Technology startups, AI, data centers, cloud computing.
- Notable Investments: Cloudera, Vuzix, Mirantis.
- Jump Capital
- Details: Jump Capital is a venture capital firm that invests in early to growth-stage technology companies. It aims to support data-driven technology companies with a focus on long-term growth.
- Investment Focus Areas: Fintech, enterprise software, data infrastructure.
- Notable Investments: 4C Insights, Personal Capital, SmarterHQ.
- FJ Labs
- Details: FJ Labs is a venture capital firm specializing in marketplace and e-commerce investments. It is known for its extensive network and expertise in scaling online platforms.
- Investment Focus Areas: Marketplace, e-commerce, technology.
- Notable Investments: Not publicly disclosed.
- Granite Point Capital
- Details: Granite Point Capital is an investment management firm that focuses on various sectors, including technology and healthcare. It aims to provide strategic support to its portfolio companies.
- Investment Focus Areas: Technology, healthcare, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- GoDaddy
- Details: GoDaddy is a publicly traded Internet domain registrar and web hosting company. It empowers everyday entrepreneurs by providing tools and services to enhance their online presence.
- Investment Focus Areas: Internet services, domain registration, web hosting.
- Notable Investments: Main Street Hub, Sucuri.
What's Next for Teikametrics?
Teikametrics stands at the cusp of significant growth opportunities, driven by the surge in online sales and the expansion of marketplaces like Amazon and Walmart. The company’s AI-powered platform, Flywheel 2.0, is well-positioned to capitalize on these trends, optimizing over $8 billion in sales annually. With the recent $40 million Series B funding, Teikametrics plans to enhance its platform capabilities and expand its team, aiming to support a broader range of ecommerce needs.
Future fundraising opportunities appear promising as investor interest in ecommerce optimization continues to grow. The involvement of high-profile investors like Intel Capital and GoDaddy underscores strong confidence in Teikametrics' potential. However, the company may face challenges such as intense competition and the need to continuously innovate to stay ahead. Ensuring scalability and managing rapid growth will be crucial as Teikametrics navigates this dynamic landscape.
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