What is Shoppable?
Shoppable operates as an online platform designed for instant shopping, requiring JavaScript to function. The service offers a broad spectrum of products and services, catering to individuals seeking a convenient way to shop directly from their devices. Its primary clientele consists of tech-savvy users who prioritize efficiency and user-friendliness in their online retail experiences. This focus positions Shoppable within the competitive e-commerce sector, aiming to streamline the path from product discovery to purchase.
How much funding has Shoppable raised?
Shoppable has raised a total of $5M across 2 funding rounds:
Other Financing Round
$1.5M
Series A
$3.5M
Other Financing Round (2012): $1.5M with participation from On Grid Ventures
Series A (2016): $3.5M led by On Grid Ventures and MI Ventures
Key Investors in Shoppable
On Grid Ventures
On Grid Ventures is an investment firm focused on supporting early-stage B2B and consumer businesses that utilize connectivity technologies to disrupt and enhance specific markets. The company seeks to invest in startups that leverage advances in computing and connectivity, including AI, IoT, and peer-to-peer networks.
MI Ventures
MI Ventures is an investment firm that partners with and advises innovative business ventures, particularly those driven by technology. They focus on supporting entrepreneurs in the early stages of their companies, providing not only funding but also valuable resources and expertise across various industries.
What's next for Shoppable?
The substantial enterprise-level funding and strategic investment received by Shoppable indicate a strong market validation and a clear path toward scaling operations. The company is likely to leverage this capital to enhance its platform's capabilities, expand its product catalog, and potentially broaden its market reach. Future developments may include further integration of advanced technologies to optimize the instant shopping experience and solidify its competitive advantage in the digital commerce space.
See full Shoppable company page
