Against The Odds: 7 Early Stage E-Commerce Startups That Raised Funds Despite The Downturn

The past year has been rough for new startups. With the market in turmoil and high volatility, investors have slowed down investments into early-stage companies, preferring to keep dry powder available for their existing portfolios. In such an environment, closing a funding round has become increasingly difficult, and entrepreneurs are finding it harder to attract capital.

Amidst all the chaos, there is a group of startups that have managed to thrive – E-Commerce companies. Despite the challenges of the past year, these companies have not only survived but grown exponentially, attracting significant funding rounds and expanding their operations.

We analyzed 2,000+ companies to find the early stage startups that are bucking the trend and raising capital from investors seeking to ride the E-Commerce Boom.?

The eCommerce boom has been fueled by the massive shift in consumer behavior caused by the pandemic. As lockdowns forced people to stay at home, online shopping became the norm, and eCommerce companies rose to the occasion, providing customers with the products and services they needed to stay safe and comfortable during the pandemic.

What's more, eCommerce companies have been able to leverage the latest technology to enhance their operations and provide a seamless customer experience. From package tracking and order protection services to marketing platforms that use artificial intelligence to optimize ad campaigns, eCommerce startups are at the forefront of innovation, providing customers with cutting-edge solutions that meet their evolving needs.

Here are 7 standout early stage startups? e-commerce companies:?

Black Crow AI -? The marketing platform that uses artificial intelligence to optimize ad campaigns and increase sales raised $25M and grew its team by 73%.?

Reach Payments - The payment platform specializing in cross-border E-Commerce raised a $23M Series A.

Helcim - The payment processing and merchant services platform raised a $12M Series A.

Antavo - ?Which provides a no-code enterprise loyalty programs platform raised a $10M Series A.?

Route - Which provides package tracking and order protection services to businesses and online retailers completed a whopping $200M Series B.

SamCart - Which enables businesses to create and sell digital products and services online. eCommerce site creator closed an $82M Series B.?

Mutiny - The e-commerce personalization tool that helps businesses improve customer experience raised a $50M round and doubled its workforce.

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Get the full data behind our analysis of 2,000+ e-commerce companies.