Simplisales secures £373k in pre-seed funding led by SFC Capital to expand its artificial intelligence commerce platform.
The pre-seed round was led by SFC Capital with participation from Startup Wise Guys and Wise Angels.
Simplisales provides an artificial intelligence powered commerce and enterprise resource planning platform for wholesalers, distributors, and manufacturers. Founded in 2021 in London, the company integrates with numerous accounting systems to unify sales workflows.
Simplisales has secured £373k in a pre-seed funding round led by SFC Capital. The investment also saw participation from earlier backers Startup Wise Guys and Wise Angels.
The capital will be directed towards research and development for new artificial intelligence modules, key appointments in product and sales, and preparations for European expansion.
The company currently processes £2m in monthly gross merchandise value through its customer branded storefronts and has experienced strong year-over-year annual recurring revenue growth.
Investor perspective
"Simplisales is tackling a massive, underserved market with a platform that replaces multiple point solutions. Their early traction and product velocity convinced us they’re building the operating system for B2B commerce."
Ed Stevenson
Principal, SFC Capital
Use of funds
- 01Fund research and development
- 02Grow the team
- 03Expand into international markets
Investors
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About the company
Simplisales
Simplisales provides an artificial intelligence powered commerce and enterprise resource planning platform for wholesalers, distributors, and manufacturers.