TLDR:
Frontnow, a tech startup in Berlin, raised €3.8M in extended Seed funding to further develop AI solutions for online retailers. The round was led by Peak, with participation from PROfounders Capital and Identity Ventures.
- Frontnow raised €3.8M in extended Seed funding.
- The round was led by Peak, with participation from PROfounders Capital and Identity Ventures.
Article Summary:
Frontnow, a tech startup based in Berlin, recently secured €3.8M in extended Seed funding. The funding round was led by Peak, with additional participation from PROfounders Capital and Identity Ventures. This investment will allow Frontnow to continue developing innovative AI solutions for online retailers and expand its enterprise customer base.
Frontnow, led by Founder and CEO Marc Funk, specializes in providing scalable B2B SaaS solutions that enable enterprise customers to engage with their target audiences in a highly personalized and on-demand manner. The company’s flagship product, the Frontnow Advisor, is a virtual shopping assistant that offers optimal customer advice, personalized recommendations, and engaging interaction to enhance the online shopping experience for users.
The Frontnow Advisor uses generative artificial intelligence to improve communication effectiveness and ensure long-term competitiveness. It is capable of providing service in 117 languages, 24/7, without incurring additional staff costs. The product incorporates over 40 algorithms, including Large Language Models, all trained on proprietary corporate data.
This funding will support Frontnow’s mission to revolutionize the online retail space by offering cutting-edge AI solutions that enhance customer engagement and drive business growth. With the backing of Peak, PROfounders Capital, and Identity Ventures, Frontnow is well-positioned to continue its trajectory of success and innovation in the tech startup scene.
