Total amount raised
$65 Millions
Latest funding date
07/01/2021
Location
Teikametrics has successfully raised funding through multiple rounds, with the latest being a Series B round. The company specializes in AI-powered marketplace optimization, offering advanced solutions for advertising and inventory management.
With a diverse group of investors backing its innovative platform, Teikametrics continues to enhance its services for retailers on online marketplaces. Keep reading to explore the intricacies of Teikametrics' fundraising journey and the investors supporting this dynamic company.
What Is Teikametrics?
Teikametrics, founded in 2015, is an e-commerce optimization platform headquartered in Boston, Massachusetts. The company was established by Alasdair McLean-Foreman and operates within the e-commerce, internet, marketplace, and software industries.
With a team of 101-250 employees, Teikametrics specializes in AI-powered solutions for retail advertising and inventory management. Their platform is designed to optimize marketplace strategies for leading brands, focusing on channels like Amazon and Walmart.
How Much Funding Has Teikametrics Raised?
- Series A
- Amount Raised: $10M
- Date: October 2018
- Lead Investors: FJ Labs, Granite Point Capital, Jump Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support company growth and enhance the platform's capabilities.
- Venture Round
- Amount Raised: $15M
- Date: February 2020
- Lead Investors: Jump Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance its features.
- Series B
- Amount Raised: $40M
- Date: July 2021
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the AI-powered SaaS platform and support sales and marketing efforts.
Total Amount Raised: $65M. Current Valuation: Not publicly disclosed.
Key Investors
- Intel Capital
- Details: Intel Capital is the global investment organization of Intel Corporation. It focuses on investing in innovative technology startups worldwide.
- Investment Focus Areas: AI, cloud computing, cybersecurity, 5G, autonomous driving
- Notable Investments: Cloudera, DocuSign, MongoDB
- Jump Capital
- Details: Jump Capital is a venture capital firm that provides series A and B funding to data-driven technology companies. It is known for its hands-on approach to supporting portfolio companies.
- Investment Focus Areas: Fintech, enterprise software, data infrastructure, media
- Notable Investments: 99designs, Personal Capital, SmarterHQ
- FJ Labs
- Details: FJ Labs is a venture capital firm and startup studio that invests in early-stage companies. It was founded by Fabrice Grinda and Jose Marin.
- Investment Focus Areas: Marketplaces, e-commerce, SaaS, fintech
- Notable Investments: Alibaba, Betterment, Delivery Hero
- Granite Point Capital
- Details: Granite Point Capital is a Boston-based investment firm that focuses on providing growth capital to emerging companies. It has a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer products, financial services
- Notable Investments: Not publicly disclosed
- GoDaddy
- Details: GoDaddy is a publicly traded Internet domain registrar and web hosting company. It is known for its extensive suite of online services for small businesses.
- Investment Focus Areas: Web hosting, domain registration, online marketing, e-commerce
- Notable Investments: Main Street Hub, Sellbrite, Over
What's Next for Teikametrics?
Teikametrics stands at the cusp of significant growth opportunities, driven by the rapid expansion of ecommerce marketplaces like Amazon and Walmart. With the recent $40 million Series B funding, the company is poised to enhance its AI-powered platform, Flywheel 2.0, to better serve sellers by optimizing advertising campaigns and inventory management. The ecommerce market's explosive growth, particularly during the pandemic, presents a vast landscape for Teikametrics to expand its customer base and refine its technological capabilities.
Future fundraising opportunities seem promising as the company continues to scale its operations and innovate within the competitive ecommerce optimization space. The successful Series B round indicates strong investor confidence, which could pave the way for additional funding to support further expansion and technological advancements. However, Teikametrics will need to navigate challenges such as intense competition from other optimization platforms and the need to continuously innovate to stay ahead in a rapidly evolving market.
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