Relewise, an Aarhus, Denmark-based e-commerce personalization platform has secured €800,000 in pre-seed funding.
SaaS Investors
The funding round was from early-stage VC Founderment, as well as well-known e-commerce entrepreneurs Mikkel Salling, Jesper Hvejsel, and Stefan Rosenlund.
Founderment is an early-stage VC that backs ambitious founders of tech-driven startups based in Aarhus, Denmark. The firm prefers to invest in seed-stage, early-stage, and later-stage companies.
Relewise Use of Funds
The pre-seed funding will be used to expand the Relewise platform to new markets and assist e-commerce businesses in increasing their average basket size and retention by creating more personalized user experiences.
About Relewise
Founded in 2020 by Brian Holmgård Kristensen, Sune Hansen, and Ronnie Balle, Relewise offers a personalization and search platform (SaaS) used by e-commerce and marketing managers to provide better CX and thereby increase sales and conversion rates. Relewise's platform analyzes real-time user behavior on e-commerce sites to personalize user experiences and improve product recommendations. The company has partnered with more than 70 Danish e-commerce enterprises.
Funding Details
Company: Relewise
Raised: €800K
Round: Pre-Seed
Funding Month: October 2023
Lead Investors: Founderment
Additional Investors: Mikkel Salling, Jesper Hvejsel, and Stefan Rosenlund
Company Website: https://www.relewise.com/
Software Category: E-commerce Personalization Platform
Source: https://www.eu-startups.com/2023/10/aarhus-based-relewise-raises-e800k-pre-seed-to-tailor-the-e-commerce-user-experience/