Tech Company Financing Transactions
Spocket Funding Round
Spocket, based in Vancouver BC, scored $1.2 million from 7Gate Ventures, Mistral Equity Partners and Panache Ventures.
Transaction Overview
Company Name
Announced On
8/23/2018
Transaction Type
Venture Equity
Amount
$1,200,000
Round
Undisclosed
Proceeds Purpose
With the fresh cash, Spocket plans to double its seven-person team to 14. The company is also developing tools to integrate with social media platforms so that retailers can sell products to their Instagram and Pinterest followers directly.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
68 Water St.
Vancouver BC, V6B 1A4
Canada
Vancouver BC, V6B 1A4
Canada
Phone
Undisclosed
Website
Email Address
Overview
With the help of Machine Learning, Spocket is set to revolutionize the dropshipping market and aid online retailers compete with Amazon- by removing the need to hold inventory and erasing upfront costs for retailers. Spocket enables over 20,000 entrepreneurs across five continents to launch and scale their online stores.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Saba Mohebpour
Co-Founder
Thomas Hansen
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We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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