What is Engage3?
Engage3 provides retailers and manufacturers with advanced competitive pricing data and AI-powered software solutions. Their core offering focuses on optimizing price perception to enhance customer loyalty and drive revenue growth. By employing sophisticated data collection methods and machine learning algorithms, Engage3 empowers a diverse clientele, from global retail giants to independent grocery stores, to refine their pricing strategies and gain critical competitive insights. The company has established itself as a leader in the retail technology sector, recognized for its innovative approach and consistent growth.
How much funding has Engage3 raised?
Engage3 has raised a total of $60.6M across 5 funding rounds:
Private Equity
$625K
Series B
$12M
Series C
$12M
Debt
$1M
Series D
$35M
Private Equity (2009): $625K, investors not publicly disclosed
Series B (2017): $12M led by Moneta Ventures, NewRoad Capital Partners, Dale Carlsen, and Pereg Ventures
Series C (2019): $12M supported by The March Fund I LP, Black Diamond Ventures, NewRoad Capital Partners, and Pereg Ventures
Debt (2020): $1M featuring PPP
Series D (2021): $35M backed by Black Diamond Ventures, Arrowroot Capital, and Sweetwater Private Equity
Key Investors in Engage3
Arrowroot Capital
Arrowroot Capital is a growth equity firm that invests in software and technology-enabled businesses. They focus on providing capital to companies with proven business models and strong growth potential, aiming to accelerate their expansion and market leadership.
NewRoad Capital Partners
NewRoad Capital Partners is an operator-led investment firm specializing in high-growth companies within supply chain, logistics, retail, and marketing technology. They leverage deep sector expertise to create value and support companies with proven demand.
Pereg Ventures
Pereg Ventures is a venture capital firm focused on early-stage B2B data solutions for consumer-driven enterprises, leveraging its expertise and network to capitalize on the data and AI revolution.
What's next for Engage3?
The recent major strategic investment signals a pivotal phase for Engage3, likely enabling the company to scale its operations, enhance its AI capabilities, and expand its market reach. This capital will be instrumental in further developing its Price Image Management platform, potentially exploring new verticals or deepening its penetration in existing markets. The company's focus on data-driven pricing optimization positions it well to capitalize on the increasing demand for intelligent retail solutions in an evolving economic climate. Engage3's strategic backing suggests a strong outlook for continued development and market leadership.
See full Engage3 company page
