E-commerce startup Conjura announces Series A funding round
E-commerce data analytics platform startup, Conjura, has raised €15 million in Series A funding.
The round was co-led by Act Venture Capital and MiddleGame Ventures, with participation from Tribal VC.
Conjura, which was founded in 2018, will use the capital to enhance its e-commerce solutions to “address the sector’s ever increasing digital needs in a multi-product solution”.
The company is also planning to broaden its UK and Ireland operations and expand into several international markets simultaneously.
“Consumers last year spent over $175 billion online with UK merchants, and those sales are expected to grow by more than 10 in 2022 - representing a market value of at least $200 billion,” says Fran Quilty, CEO and Co-founder, Conjura, which works with brands such as Naturecan, Wild, Saint+Sofia, Percival, and CleanCo.
“The relentless growth of e-commerce combined with rising customer expectations has meant that the need for businesses to maximise performance and differentiate themselves from their competition has never been as acute.”
“Our unique approach to data analysis and our ability to provide full visibility into a company’s performance in one easy to use platform represents the next generation of e-commerce solutions.”
“We are providing the tools businesses need to enhance their operational efficiency, as well as ensure they are providing the seamless digital experience today’s consumers expect.”
“E-commerce companies need data platforms that address all aspects of their business and Conjura uniquely offers that capability,” says Debbie Rennick, General Partner at Act Venture Capital.
“It is a data driven decision making platform designed for next generation e-commerce. Their strong growth to date is testament to the market opportunity and the real need for Conjura’s approach.”
“The investment will accelerate this growth and we are excited to support the team and the opportunity ahead.”
