Outfindo, a Prague, Czech Republic-based AI-tech startup focused on simplifying the online selection of complex products, has raised €1.2 million in a late-seed round. 

Investors 

The round was led by Eleven Ventures, with participation from Lighthouse Ventures, and Borovicka Capital. 

Eleven Ventures is a Sofia, Bulgaria-based pre-seed and seed venture capital firm focused on South and Central Eastern Europe. Since 2012, Eleven has made over 170 investments, supporting tech companies in FinTech, Healthcare, the Future of Work, and Sustainable Food. 

Outfindo Use of Funds 

With this funding, the company will scale operations, enhance its AI models, and enter new markets and verticals, including electronics and childcare. 

About Outfindo 

Founded in 2020 by Jan Mateju, Ondrej Bouda, and Martin Chrz, Outfindo provides an AI-driven platform designed to simplify the online selection of complex products. Its flagship Product Guide integrates into merchants’ websites, guiding customers with intuitive questions to identify the best-suited products. Outfindo supports over 20 product verticals and plans to expand into categories like electronics, home appliances, sports equipment, and childcare products.

Funding Details 

Company: Outfindo 

Raised: €1.2M 

Round: Seed Round 

Funding Month: January 2025 

Lead Investor: Eleven Ventures 

Additional Investors: Lighthouse Ventures, Borovicka Capital 

Company Website: https://www.outfindo.com/  

Software Category: Shopping Guides

Source: https://siliconcanals.com/pragues-outfindo-secures-e1-2m/