Plobal Apps a Toronto -based no-code mobile app platform for e-commerce stores, has raised $8.5 million.
The round was led by Elevation Capital and Bessemer Venture Partners. Elevation and Bessemer also co-led the funding round in 2021, bringing the total capital raised by Plobal Apps to $14 million in the last 6 months.
Company: Plobal Tech Inc.
Raised: $8.5M
Round:
Funding Month: June 2022
Lead Investors: Elevation Capital and Bessemer Venture Partners
Additional Investors:
Company Website: https://www.plobalapps.com/
Software Category: No-code Mobile app platform
About the Company: Plobal Apps, a no-code mobile app platform for e-commerce stores and one of the largest app-building platforms in the Shopify ecosystem, Plobal Apps helps merchants drive up to 5X higher conversion rates as compared to the mobile web. Plobal Apps is trusted by distinguished Shopify and Shopify Plus brands such as Bailey's Blossoms, Sniper Gang, Baby Online, Heavenly Couture, and hundreds more for their mobile apps. Plobal Apps enables D2C brands to rapidly build and launch their mobile apps, drive installs, engage customers, and scale revenues. With 73% of all e-commerce transactions made via a mobile device, shopping experiences are being designed for mobile-first customers. Within mobile commerce, mobile apps offer better personalization for customers, and communication can be tailored based on user interests, location, usage, and behavior.
Source: https://www.prnewswire.com/news-releases/plobal-apps-raises-8-5-million-in-round-led-by-elevation-capital-and-bessemer-venture-partners-301569033.html