Wizard, a New York, US-based conversational commerce B2B startup, raised $50 million in a Series A funding round.
The round was led by NEA’s Tony Florence, with Lore himself and Accel. Lore, Florence, and Accel’s Sameer Gandhi have board seats, as well as Wizard co-founder and CEO Melissa Bridgeford.
Wizard plans to use the new money to hire employees in artificial intelligence, machine learning, natural language processing, sales, finance, and operations.
Company: Wizard Commerce Inc
Raised: $50.0M
Round: Series A
Funding Month: October 2021
Lead Investors: NEA’s Tony Florence
Additional Investors: Lore himself and Accel
Company Website: https://www.wizard.com/
Software Category: Conversational commerce platform>AI
About the Company: Wizard Commerce Transforming eCommerce with conversational AI. Wizard spun out of text-based shopping platform Stylust, which used artificial intelligence and image recognition to give shoppers more options on what to buy via text message. The platform also offered a “one-text checkout” experience. Wizard’s product is “an end-to-end shopping experience” including opt-in, search, payments, and shipping and reorders allowing brands and retailers to do business with customers by text.
Source: https://www.pymnts.com/news/investment-tracker/2021/wizard-snags-50m-in-series-a-funding-for-conversational-commerce-platform/