Konnecto, a Tel Aviv, Israel-based provider of a prescriptive marketing platform, raised $21 million in Series A funding.
The round was led by PeakSpan Capital. Existing investors TPY Capital, Mindset Ventures, Differential Ventures, SeedIL Ventures, and Magna Capital Partners also participated in the oversubscribed round, bringing the total capital raised by Konnecto to $29M to date.
The fund USE to expand its data science and engineering teams, as well as invest in the expansion of go-to-market infrastructure and headcount to capitalize on the overwhelming demand it is seeing for its platform.
Company: Konnecto Top Tech LTD
Raised: $21.0 M
Round: Series A
Funding Month: June 2022
Lead Investors: PeakSpan Capital
Additional Investors: TPY Capital, Mindset Ventures, Differential Ventures, SeedIL Ventures, and Magna Capital Partners
Company Website: https://www.konnecto.com/
Software Category: Prescriptive Marketing Platform
About the Company: Konnecto offers the world's first prescriptive marketing platform that provides consumer brands with daily recommendations on how to increase their online sales by reverse engineering their competitors' journeys and identifying path-to-purchase vulnerabilities. Konnecto works with companies across a variety of industries, including Coca-Cola, MyHeritage, AON, Haven Life, and many others.