A London based startup, RevLifter that helps companies for executive e-commerce deals has secured £3.3 million funding from Maven Capital Partners and Gresham House Ventures on 25th November 2020.
This Series A round will support the present growth as the company is already doing well with around 200 % year-on-year growth in 2020. Mainly focused on the United States presently, RevLifter will also expand their presence in Asia Pacific and Europe, Middle East and Asia regions. They will also target other industries like utilities and finance.
RevLifter is an Artificial Intelligence powered technology company that helps the retailers to increase their revenue through real-time personalized offers. They use the company’s goals for creating incentives that effectively recognize the inherent value of customers. After which the RevLifter team creates the offers in the form of market leading and intelligence solutions which can achieve online growth. Each of the campaigns is built using accurate results that the organization wants to achieve. Their platform is easy to use and provides paid on performance. The technology that requires around little to know integration makes them even better. With this they focus on incremental sales, better incremental sales, gaining new customers, improved loyalty, discount free promotions, increased LTV and brand protection.
The chief product officer and co-founder of startup Ryan Kliszat said, “We already are positioned in the telecom and retail sector but we can see an opportunity for us to get into new industries like utilities and finance. Our clients are happy with the improvements we have made in our product and capability this year. This funding will help us to speed up the plans for introducing new features which includes a product that will bring their AI based game changing deal personalisation treatment to the market of ‘basket abandonment emails’. We will also innovate further for product recommendations, depersonalization and push notifications throughout the e-commerce journey. There is more to this which we will be revealing later”
The tool set offered by RevLifter provides unmatched control for the incentivisation process. RevPage, RevConvert and RevRewards are the three available tools for converting customers, preventing customers from leaving their cart and providing e-gift cards.
About RevLifter
RevLifter was founded in 2017 by Simon Bird and Ryan Kliszat and is headquartered in London, England. It is a paid performance rapidly integrated and worldwide available tool that personalizes deals for e-commerce retailers across several marketing channels. They have worked with brands like Puma, Clarks, HP, LookFantastic, FIG LEAVES and many more. The company previously closed its seed funding round with £2.3 million in 2019 summers.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
