Feedvisor Raises $5M to Accelerate Growth and Global Expansion
Amazon marketplace repricing and analytics software company Feedvisor has received $5 million of new investment.
Feedvisor has closed a $5 million venture funding round led by Square Peg Capital. This latest investment follows the $6M Series A funding in August 2014 and brings Feedvisor's total raised capital to date to $13 million. The round also included participation from existing investors, JAL Ventures and Titanium Investments. The company will use this capital to continue accelerating growth and global business expansion, including opening offices in the US.
"For retailers to stay relevant in today's market, there is an urgent need to adopt a dynamic pricing strategy that reflects ongoing changes in market conditions and the competitive environment," said Victor Rosenman, CEO and Founder of Tel-Aviv based Feedvisor. "Consumers are far more sophisticated, prices more transparent, and online retailers simply cannot sit still and wait."
Feedvisor is used by hundreds of online retailers worldwide to manage over $1.5 billion in gross merchandise volume.