Hammoq Inc., a Phoenix, AZ-based company powering reCommerce sellers with artificial intelligence (AI) to run their business on autopilot, has announced that it has secured $24 million in equity plus debt financing.
This latest financing round was led by Sierra Ventures, with participation from the company's pre-seed lead investor Origin Ventures, and brings its total financing to date to $27 million.
The latest funding will accelerate tech development while supporting the sales and marketing strategies to capitalize on its rising opportunity
Company: Hammoq Inc
Funding Month: June 2022
Lead Investors: Sierra Ventures
Additional Investors: Origin Ventures
Company Website: https://hammoq.com/
Software Category: Digitizes Resale Goods and Automates Online Listings
About the Company: Co-founded by reCommerce industry veterans Sid Lunawat and Ty Blunt, Hammoq provides a SaaS platform that digitizes resale goods and automates online listings so customers can list and sell more. Established in 2021, the company has supported the identification and listing automation process for more than 600,000 items. For resellers, liquidators, thrift, and retail organizations, Hammoq enables the resale of returns, lost SKUs, overstocks, and other pre-loved goods. Hammoq is changing the way used, vintage returned, and other non-bar coded items are processed and sold online. Powered by AI machine vision, we automate the complex process of listing these problematic goods for sale across marketplaces. Built exclusively for the resale industry