Polish e-commerce data platform Quantia has secured $1.2 million led by Inovo VC and Team X. The startup plans to utilize the funding for further product development and growth in Europe. Quantia provided Vestbee with details of the investment.
- Founded in 2023 by Marta Lacka, Quantia specializes in developing an e-commerce analytics platform designed to enhance the productivity of brand managers in managing product sales and data. The platform offers real-time insights and AI-driven sales strategies by analyzing crucial attributes such as product availability, pricing, stock levels, and both volume and value sales data.
- Quantia's customers include global firms such as Asahi Europe, Groupe SEB, Nespresso, and Procter & Gamble. As the startups claims, its clients have experienced significant improvements in their sales performance, with monthly sales growth of up to 40% after just three months of using the platform.
Details of the deal
- The investment was led by Warsaw-based Inovo VC and Team X, including Ariel Finkelstein. The funding round also saw participation from angel investors, such as Dominique Locher, founder of LeShop.ch, and Ben Lang, one of the first 15 employees at Notion.
“We have observed Marta from her first pitch deck, which presented just an idea before product development began. After only a few months, Quantia was already being used by enterprise clients, who quickly realized its value and continued to expand their licenses to their other brands. Quantia has been built from the beginning by a person with an enterprise background who was able to sell to enterprises from day one. This makes it evident that Marta and her team are a trusted partner even for the biggest retail brands,” Partner at Inovo VC, Maciej Małysz, commented.
- With the current funding, Quantia plans to further develop its platform and strengthen its growth in Europe, including the UK, Nordics, Spain, and Germany.
