ProductEngine, a Brisbane, QLD-based product and pricing management SaaS startup, raised $1.2 million in Seed funding.

The round was led by venture capital firm Folklore, with support from accelerator program Startmate.

The Brisbane startup will use the investment to double its team and expand into new markets, including the US and Europe.

Company: ProductEngine

Raised: $1.2M

Round: Seed Round

Funding Month: May 2022

Lead Investors: Folklore

Additional Investors: Startmate

Company Website: https://www.productengine.app/

Software Category: Product and Pricing Management

About the Company: Founded in 2019 by Jarrad Seers and Matt Hollis, Product Engine is a single source of truth simplifying the management, collaboration, sync, and tracking of product & pricing information. The company aims to streamline the way businesses in sectors such as telecommunications, construction, and manufacturing manage pricing and product data, as well as how they share it with staff, systems and customers. ProductEngine makes managing products and pricing faster, easier, and more accurate.      

Source: https://www.startupdaily.net/topic/funding/brisbane-supply-chain-data-startup-productengine-raises-1-2-million-seed-round/