Nozzle.ai secures £2m in seed funding led by Parkwalk Advisors to accelerate platform adoption.
The funding round was backed by Parkwalk Advisors, The Angel CoFund, and UCL Technology Fund to support team expansion and product development.
Nozzle.ai provides an advertising and analytics platform designed to optimise eCommerce performance on Amazon. The company originates from academic research at University College London.
London based machine learning spinout Nozzle.ai has secured £2m in seed funding to accelerate its growth and adoption among international brands. The investment was led by Parkwalk Advisors, with participation from The Angel CoFund, UCL Technology Fund, and a syndicate of eCommerce angel investors. The proceeds will be directed towards team expansion and product development across its analytics and bid management software.
The company uses transactional and media data from Amazon to provide brands with continuous media spend optimisation and market insights. Its technology is currently utilised by over 100 customers, including major multinational corporations and media agencies.
From the founder
"This funding will help us reach new retailers and further support our existing clients in addressing the challenges and opportunities of selling and advertising in a competitive and fast-growing marketplace. The application of machine learning, and the fusion of transactional data with media data, brings brands huge advantage in the Amazon environment, extracting maximum commercial value and sales performance. Our platform is at the forefront of unlocking this potential for international retailers."
Victor Malachard
Co-Founder and Executive Chairman at Nozzle.ai
Investor perspective
"Nozzle.ai technology is using the application of machine learning to revolutionise the e-commerce space. The early success of Nozzle.ai gives our team great confidence in its continued success. We are excited to be involved in this next stage of growth both in expanding their team and building up their product offering to accelerate adoption internationally."
Neil Cameron
Investment Director, Parkwalk
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
Nozzle.ai
An eCommerce and advertising optimisation platform for Amazon.