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Pricemoov Raises $10M in Series A Funding Round for Intelligent Pricing Decisions
Pricemoov, a cloud firm specializing in intelligent pricing decisions, has successfully raised $10 million in a Series A funding round. The round was led by prominent investors ISAI and Bpifrance Digital Venture. This comes during a challenging capital environment for European companies, with a significant drop in global funding affecting the region’s late-stage startups.
The company aims to help businesses navigate the increasing challenges surrounding pricing decisions, such as inflation, supply chain disruptions, and cost volatility. These issues are further exacerbated by the omnichannel imperative, competitive pressures, and rapidly changing customer expectations.
With the funds raised, Pricemoov plans to grow its team, invest significantly in product development, and expand its international presence. This expansion will include opening new positions and strengthening its support for customers with a global footprint.
Pierre Hebrard, CEO and Co-founder of Pricemoov added “We are thrilled by the support of investors like ISAI and Bpifrance Digital Venture as we embark on the next chapter of our growth. This round of funding will allow us to invest in our growth, expand our platform, and enhance our offering, furthering our mission to help companies across all industries make better pricing decisions with greater confidence and speed.”
Meanwhile, there is a noticeable shift in the venture capital landscape. As growth and late-stage startups struggle to secure funding, early-stage companies are presented with new opportunities to capture available capital.
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