Aisle 3 secures £250k in a seed follow on round via Angel Investment Network to scale product and team.
The ecommerce startup raised the funds in six weeks to advance its proprietary technology and team growth.
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 secured £250k in a seed follow on funding round facilitated by Angel Investment Network. The capital will support further product development, technical builds, and team expansion.
This raise follows a previous pre-seed round secured within the last five months, lifting total funds raised towards £500k. The company, launched during the pandemic, uses proprietary algorithms and machine learning to aggregate retailer offers and enhance product discovery for consumers.
From the founder
"We are thrilled to have conducted our second successful raise in just five months backed by our current investors who saw our progress as well as gaining the trust of significant new investors. Raising investment in any climate is very difficult and takes hours of meetings, calls and late nights; so having subject matter experts buy into our vision of building a scalable, disruptive business and cleaning up the standard of product information is a huge validation of our mission and the team we have put together."
Thomas Vosper
Co-founder at aisle 3
Investor perspective
"Our expert ecommerce investors really saw the opportunity in what aisle 3 are creating. The platform represents an innovative step forward offering real choice, at a time when so many more consumers have embraced online shopping. Investors were impressed by the team surpassing all their targets to date and the secret sauce they see as a fantastic opportunity to scale. As well as buying into the promise of the business, investors have all been really impressed with the founding team and Thomas’s leadership. In the face of adversity he has shown the determination and grit investors value, as well as winning media plaudits with a compelling personal story. He has created a potentially huge business from scratch during the pandemic and built a talented team spanning several continents."
Ed Stephens
Global Head of Brokerage, Angel Investment Network
Use of funds
- 01Continue product development
- 02Build out infrastructure
- 03Grow the team