Tech Company Financing Transactions

Lily AI Funding Round

Lily AI closed a $25 million Series B funding round on 8/24/2022. Investors included Canaan Partners, Conductive Ventures and New Enterprise Associates.

Transaction Overview

Company Name
Announced On
8/24/2022
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors

Canaan Partners (Lead Investor)

Conductive Ventures (Lead Investor)

New Enterprise Associates (Lead Investor)

Sorenson Capital (Lead Investor)

Proceeds Purpose
The company intends to use the funds to further expand into mid-market retail e-commerce brands across home, beauty and fashion, and to extend its solution to further applications within the retail stack.

Company Information

Company Status
Private & Independent
Industry
ECommerce
Mailing Address
883 N Shoreline Blvd.
Mountain View, CA 94043
USA
Phone
Undisclosed
Email Address
Overview
One of the biggest unsolved challenges in eCommerce today is enabling customers to 'feel'? good about making a purchase. This has resulted in very low conversion rates and very high return rates for the entire industry.
Profile
Lily AI LinkedIn Company Profile
Social Media
Lily AI Company Twitter Account
Company News
Lily AI News
Facebook
Lily AI on Facebook
YouTube
Lily AI on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Purva Gupta
  Purva Gupta LinkedIn Profile  Purva Gupta Twitter Account  Purva Gupta News  Purva Gupta on Facebook


 

 

Browse more venture capital transactions:

Prev: 8/24/2022: Rewst venture capital transaction
Next: 8/24/2022: Lumachain venture capital transaction

 

Share this article

 


Where The Data Comes From

We do our best to record every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary