Dublin-based data privacy software and services startup Dataships, which automates GDPR and CCPA compliance for eCommerce businesses, has secured €6.8 million in a Series A funding round. The investment was led by Osage Venture Partners, with support from Lavrock Ventures, as Vestbee was informed.
- Launched in 2019 by Michael Storan and Ryan McErlane, Dataships offers a data privacy platform that helps e-commerce businesses navigate and optimize GDPR and CCPA compliance, particularly at the checkout.
- The company focuses on using compliance management as a growth lever by dynamically optimizing consent language based on visitor location and channel, driving list growth, increasing opt-ins, and generating additional revenue through repeat purchases.
- Dataships, with offices in Dublin and San Francisco, employs 25 people. The startup claims a 10x increase in SMS opt-ins, a 3-4x boost in email contacts, and 8 million+ new marketable contacts.
"We’re building Dataships to be the essential growth platform for modern eCommerce brands. One that transforms compliance from a burden into a competitive advantage, helping merchants build larger, more engaged marketing lists that drive sustainable revenue growth," co-founder co-CEO of Dataships, Michael Storan, commented in a statement.
Details of the deal
- The round was led by Osage Venture Partners, a venture capital firm with $250 million in assets, specializing in early-stage business-to-business (B2B) software investments. American VC Lavrock Ventures and the San Francisco-based VC Urban Innovation Fund, also joined the round.
- Dataships will use the Series A funding to enhance product features, expand its e-commerce solution, and scale its engineering and support teams.
"This funding will help us build new features, expand our ESP/SMS integrations, and grow our team to serve more merchants globally," Dataship's team, commented on LinkedIn.
