What is 35up?
35up operates an innovative platform designed to democratize the advantages of large online marketplaces for smaller businesses. The company addresses the disparity in revenue generation, particularly through cross-selling, which typically relies on extensive inventory and sophisticated data processing recommenders. By providing its technology, 35up enables smaller online shops to leverage similar strategies, enhancing their sales and customer engagement. Headquartered in Germany, the company is strategically positioned to serve the European e-commerce landscape.
How much funding has 35up raised?
35up has raised a total of $5M across 1 funding round:
Other Financing Round
$5M
Other Financing Round (2022): $5M with participation from coparion, Capnamic Ventures, and DvH Ventures
Key Investors in 35up
coparion
coparion is a venture capital fund focused on young German technology companies, providing pragmatic investment with a long-term perspective. They aim to accelerate sustainable growth without interfering in the operational business of their portfolio companies, seeking innovative startups with strong teams and significant growth potential.
Capnamic Ventures
Capnamic is a venture capital firm that invests in ambitious founders in the German-speaking regions, focusing on early-stage investments from (Pre-)Seed to Series A. They provide financial support and guidance, using their extensive network and experience to help teams develop into category leaders, particularly in B2B and SaaS sectors.
DvH Ventures
Dieter von Holtzbrinck Ventures is a venture capital firm that invests early in passionate founders across Europe, providing hands-on support and expertise to help portfolio companies grow. They position themselves as partners offering strategic support and access to media-for-equity programs.
What's next for 35up?
The recent major strategic investment signals a new phase of growth and market expansion for 35up. This capital infusion is expected to fuel product development, enhance the platform's capabilities, and broaden its reach within the competitive e-commerce sector. The company's focus on enabling cross-selling and leveraging data for smaller businesses positions it for significant scaling, potentially disrupting traditional online retail dynamics and solidifying its market presence.
See full 35up company page
