Aisle 3 secures £200k seed funding to advance its ecommerce platform and technology.
The funding was secured with support from Angel Investment Network to advance product and technology development.
aisle 3 is a London-based eCommerce start-up that aggregates online retail offers to provide consumers with a single checkout across multiple merchants. The company employs proprietary technology and machine learning to streamline product search and price comparison.
Ecommerce startup aisle 3 has successfully secured £200k in seed funding with backing from the Angel Investment Network. The capital will be directed towards advancing the company product and tech build following a three month fundraising process.
Founded by industry veterans after being made redundant at the start of the pandemic, the business aggregates retailer offers using machine learning algorithms. The fresh funds will support further development of its proprietary web crawler and product aggregation capabilities as it expands its market presence.
From the founder
"We’re obsessed with shoppers getting their best deal – whatever that means to them. We’ll achieve this by solving two fundamental issues in online shopping. Firstly, we want to give shoppers the complete view of all of their buying options so that they can make purchase decisions based on their values. Secondly, we’ll make it easier for shoppers to find new products whilst, in parallel, leveraging our two-sided marketplace to act as a conversion enabler to close the gap between shoppers and retailers with significant revenue upside and ability to scale."
Thomas Vosper
Co-founder at aisle 3
Use of funds
- 01Continue product development
- 02Fund research and development
