We raised €15 Million in Series A round to expand our next generation e-commerce analytics.
For the past few years, our team has been diligently perfecting the next generation of e-commerce data analytics to equip businesses with enhanced visibility across their entire operations through a single intuitive cloud-based platform – Conjura.
This category pioneering solution eliminates the need for multiple analytics tools across different business functions, by seamlessly combining data from fulfillment, warehousing, and supply chain sources, with online/offline sales, marketplace transactions, and customer metrics to increase overall efficiency across departments.
Today, Conjura is thrilled to announce that we have raised €15 Million in Series A funding, co-led by Act Venture Capital and MiddleGame Ventures with participation from Tribal VC. This investment will be dedicated to further enhancement of our e-commerce solutions, primarily through product development as well as expansion across the UK, Ireland and several international markets.
General Partner at MiddleGame Ventures, Patrick Pinschmidt expressed his excitement for the partnership stating that “Conjura is redefining e-commerce analytics by solving real pain points for the sector, paving the way for a host of innovative solutions to drive more efficient performance through actionable data and integrated services on top of its leading technology”. While Debbie Rennick, General Partner at Act Venture Capital highlighted “[Conjura’s] strong growth to date as a testament to the market opportunity and the real need for [their] approach”.
Notably consumers last year spent over $175 billion online with UK merchants alone, and those sales are expected to grow by more than 10% in 2022 – representing a market value of at least $200 billion and highlighting the urgent need for businesses to maximise performance to differentiate themselves from their competition.
Through the Conjura platform, our CEO and co-founder Fran Quilty notes that “we are providing the tools businesses need to enhance their operational efficiency, as well as ensure they are providing the seamless digital experience today’s consumers expect”.
With a holistic combination of daily reporting, data science, and benchmarking data, Conjura is leading the industry towards a more integrated approach to e-commerce data analysis by working with fast-growing brands such CurrentBody, Naturecan, Wild, Saint+Sofia, Percival and CleanCo among others, to set a new, higher standard for performance analytics.
For more detail on our Series A funding round read the full press release here.
