Pricemoov – a cloud company that powers intelligent pricing decisions – announced it has raised $10 million in its Series A funding round led by ISAI and Bpifrance Digital Venture.
These challenges surrounding pricing are constantly increasing as businesses navigate inflation, supply chain disruptions, and cost volatility. And this is further complicated by the omnichannel imperative, competitive pressures, and rapidly changing customer expectations. Pricemoov absorbs this complexity in order to help companies make better pricing decisions and remain profitable.
To continue growth and become the platform of choice for modern pricing, Pricemoov will open a number of new positions and strengthen its international presence to support customers with a global footprint. And this fundraising will also enable Pricemoov to invest in its technology and product innovation.
This funding round comes as Pricemoov closes out an impressive fiscal year of aggressive growth. And the company saw a 150% annual increase in revenue and grew its customer base by 200%, including new customers Jokr, Recommerce, Samkaup, and Audi on demand. This commercial expansion was accompanied by Pricemoov doubling its team and geographical growth in both Europe and the USA.
What the funding will be used for: Pricemoov will use the financing to grow its team, significantly invest in product development, and expand its presence internationally.
KEY QUOTES:
“We believe Pricemoov has an opportunity to bring intelligent pricing to businesses at any stage of their pricing maturity with an easy-to-use, intuitive platform. We are excited to partner with Pricemoov to support its continued efforts to democratize pricing.”
– Adrien Neel, Investment Director at Bpifrance Digital Venture
“We are impressed with Pricemoov’s pricing expertise and platform capabilities and believe that the company is well positioned to accelerate its growth in this promising market. We look forward to working closely with Pricemoov’s leadership team to keep pushing the boundaries of pricing.”
– Francois Collet, Partner at ISAI
“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.”
– Pierre Hebrard, CEO and Co-Founder of Pricemoov
