Purple Dot, a London, UK-based e-commerce waitlist and pre-order platform, has secured €9.2 million in Series A funding.
Investors
The round was led by OpenOcean, with participation from Commerce Ventures, Unusual Ventures, Connect Ventures, Moxxie Ventures, and Paul Forster.
OpenOcean is an early-stage venture capital firm investing in B2B software across Europe, with offices in London and Helsinki.
Purple Dot Use of Funds
The company plans to utilize the funding to further develop its platform and expand its reach to more brands across various industries.
About Purple Dot
Founded by Madeline Parra and John Talbott, Purple Dot provides an e-commerce pre-order and waitlist platform. Its pre-commerce solution addresses the issue of unsold inventory in the industry by enabling brands to sell earlier, reducing inventory risk and storage needs. Purple Dot helps manage supply chain risks and maintains sales momentum even during unexpected disruptions. Trusted by hundreds of brands, including Oh Polly, Lando Norris, Goorin Bros, Astrid and Miyu, and Sachin & Babi.
Funding Details
Company: Purple Dot Technologies Limited
Raised: €9.2M
Round: Series A
Funding Month: May 2024
Lead Investors: OpenOcean
Additional Investors: Commerce Ventures, Unusual Ventures, Connect Ventures, Moxxie Ventures, Paul Forster
Company Website: https://www.getpurpledot.com/
Software Category: E-commerce
Source: https://www.eu-startups.com/2024/05/london-based-purple-dot-raises-e9-2-million-series-a-to-allow-brands-to-take-control-of-their-sales-timelines/