Starcart, a Helsinki, Finland-based provider of an AI-powered shopping platform, raised a €3.5 million amount in Seed funding.
The round was led by Inventure, with participation by Finnish angel investors and Business Finland.
Inventure is a Nordic venture fund that specializes in helping its portfolio companies with talent and expansion. With its €230 million of assets under management, Inventure focuses on Seed and Series A investments across Nordics and Baltics, with offices in Helsinki and Stockholm.
Starcart Use of Seed Funds
The company intends to use the funds to expand its reach internationally, with launches in multiple new European markets planned for 2024, and to scale up its AI-powered shopping platform, adding hundreds of new stores to Starcart.
Led by Pasi Ilola, Founder and CEO, Starcart is an e-commerce startup that provides an AI-powered shopping platform that allows people to buy products from stores, with just one shopping cart. It utilizes AI technology to find the best prices, availability, and shipping times for over 15 million products from over 130 stores while automatically making purchases for the consumer.
Company: Starcart Oy
Round: Seed Round
Funding Month: August 2023
Lead Investors: Inventure
Additional Investors: Finnish angel investors and Business Finland
Company Website: https://starcart.com/
Software Category: AI-powered Shopping Platform