Tech Company Financing Transactions
Vortex IQ Funding Round
On 7/8/2024, Vortex IQ raised $1 million in Seed funding from Sure Valley Ventures and Techstars.
Transaction Overview
Company Name
Announced On
7/8/2024
Transaction Type
Venture Equity
Amount
$1,000,000
Round
Seed
Investors
Sure Valley Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand its market presence in the US and Europe, building its sales and marketing teams, and hiring additional AI specialists.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Unit 1, Lincoln House, GWQ, Great West Road,
Brentford, TW8 0GE
UK
Brentford, TW8 0GE
UK
Phone
Website
Email Address
Overview
Vortex IQ was established by cofounders with more than two decades of experience in e-commerce technology, having collaborated with over 500 brands. We operate within the $5.7 trillion global e-commerce market, which struggles with a global conversion rate of under 4%. This means that out of every 100 visitors to an e-commerce site, only four complete a purchase, while the remaining 96 leave without buying anything.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Susant Patro
Browse more venture capital transactions:
Prev: 7/8/2024: GoJoe venture capital transaction
Next: 7/8/2024: Thrive AI Health venture capital transaction
Share this article
About Our VC Transactions Data
We record all VC transactions involving tech companies. All VC database entries reported here 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