Pixevia, a Vilnius, Lithuania-based cutting-edge AI retail technology company, secured €1.5 million in funding.
Investors
The round was led by Coinvest Capital, with contributions from Iron Wolf Capital, Omni Commerce Ventures, Rita Sakus, and existing investors Open Circle Capital, Vladas Lašas, and Renaldas Zioma.
Founded in 2017, CoInvest Capital is a corporate venture firm based in Vilnius, Lithuania. The firm invests in start-ups and companies undergoing business development and growth in cooperation with groups of business angels or private venture capital funds.
Pixevia Use of Funds
The company will use the funds to expand its operations in the U.S. and Europe, particularly targeting the DACH region. The company plans to integrate its technology into various new venues such as sports arenas, university campuses, and airports.
About Pixevia
Pixevia provides an AI platform for retail. Pixevia is the first technology platform to provide real-time receipts in AI-driven stores. It also provides excellent protection against theft and offers an app-less, tap-in/tap-out shopper experience. It merges the brick-and-mortar shopping experience with ecommerce tactics like 24/7 operation and deep insights into customer behavior. Pixevia operates 16 stores across Europe, the US, and the Middle East.
Funding Details
Company: Magma Solutions, UAB
Raised: €1.5M
Round: Unknown
Lead Investors: Coinvest Capital
Additional Investors: Iron Wolf Capital, Omni Commerce Ventures, Rita Sakus, Open Circle Capital, Vladas Lašas, Renaldas Zioma
Company Website: https://www.pixevia.com/
Software Category: Retail Solutions
Source: https://tech.eu/2024/05/20/pixevias-eur15m-funding-boosts-expansion-of-ai-powered-stores-in-us-and-europe/