Mayan, a Las Vegas, NV-based fully remote company that builds optimization and automation technology for Amazon sellers, raised $5 million in a Series A funding round led by Bright Pixel (former Sonae IM).
Mayan will use the capital to further accelerate the development of advertising automation and to launch a self-serve advertising solution. This new solution will arrive at a lower price point than their base offering which includes an expert dedicated account manager.
Mayan is also releasing free analytics and forecasting suite for Amazon sellers that seek a better understanding of their overall business performance.
"We've heard from many of our customers that there is a gap in the solutions ecosystem for Amazon sellers," said Chris Compean, Co-founder, and CEO. "One of our differentiators is that our products are built alongside successful Amazon sellers, whether they are our customers or our teammates, some of whom are current or former sellers themselves. At Mayan, we help our customers by creating data-driven automation and insights that help fuel their growth."
Overall, Mayan has helped generate over $80 million in ad sales and drive over $160 million in total sales through Amazon in just over two years of operations. Mayan is in the development phase of an inventory optimization product that will be launched in early Q2.
Company: Mayan Group, Inc.
Raised: $5.0M
Round: Series A
Funding Month: March 2023
Lead Investors: Bright Pixel
Additional Investors:
Company Website: https://www.mayan.co/
Software Category: Growth Automation Software
About the Company: Mayan is the premier growth automation platform for Amazon sellers. It uses ML-powered technology to help Amazon brands and sellers take care of the tedious and data-intensive tasks of running their businesses. The company’s product suite includes analytics, inventory, and advertising automation. The company is focused on helping sellers achieve revenue growth through advertising optimization, its technology is crafted by an expert team of engineers, data scientists, Amazon sellers, and designers. Mayan is a fully remote company with offices in eight cities across the world.
Source: https://www.prnewswire.com/news-releases/mayan-raises-5m-series-a-to-expand-ads-optimization-platform-for-amazon-sellers-301771014.html