Constructor, a San Francisco, California-based eCommerce personalization startup, raised $55 million in a Series A round led by Silversmith Capital Partners.
The round also includes a lineup of investors who are experts in the space, including David Fraga (former President of InVision) who will be joining Constructor's board, Kevin Weil (former Head of Product at Twitter and Instagram), Jason Finger (founder of Seamless), Carl Sparks (former CEO of Travelocity), Robyn Peterson (CTO at CNN), Dave Heath (Founder of Bombas), Ryan Barretto (President at Sprout Social), Melody Hildebrandt (EVP Engineering and CISO at Fox), Zander Rafael (Co-Founder of Better.com), and Seth Shaw (CRO at Airtable). Also participating is the Cap Table Coalition, which expands opportunities for traditionally underrepresented investors.
The funding, which brings the company’s total raised to $61.5 million, will be put toward product development, hiring, and go-to-market efforts.
Company: Constructor.io, Inc.
Round: Series A
Funding Month: September 2021
Lead Investors: Silversmith Capital Partners
Additional Investors: David Fraga, Kevin Weil, Jason Finger, Carl Sparks, Robyn Peterson, Dave Heath, Ryan Barretto, Melody Hildebrandt, Zander Rafael, Seth Shaw, and Cap Table Coalition
Company Website: https://www.constructor.io/
Software Category: AI-powered eCommerce recommendation engine
About the Company: Constructor.io is the only search and product discovery platform tailor-made for enterprise eCommerce where conversions matter. Constructor's cloud-based solutions use natural language processing, machine learning-enhanced results ranking, and collaborative personalization to deliver powerful user experiences across all facets of product discovery from search to browse, recommendations, and autosuggest. Constructor.io is the AI-first search and product discovery that increases conversions and revenue. Constructor is a U.S.-based company that was founded in 2015 by Eli Finkelshteyn and Dan McCormick.
Source: https://venturebeat.com/2021/09/15/ai-powered-ecommerce-recommendation-engine-constructor-nabs-55m/ https://www.prnewswire.com/news-releases/constructor-raises-55m-to-transform-search-and-discovery-capabilities-for-online-retailers-301377366.html