Profitero, a Dublin, Ireland-based provider of an online ecommerce intelligence platform for retailers and brands, closed an $8m financing round.
Polaris Partners made the investment. In addition to the funding, Irfan Salim, former CEO of MarkMonitor, joined Profitero’s board of directors.
The company intends to use the funds for expansion and personnel hiring.
Led by Vol Pigrukh, Co-Founder and CEO, Profitero provides brick & mortar and online retailers with an online insights and eCommerce intelligence platform to monitor their competitors’ prices, promotions and full product assortment information.
The company also offers online insights to enhance their online sales and market positioning. Key online metrics include share of online shelf, share of voice, pricing, brand price monitoring and new product monitoring, in any country and from any online or multichannel retailer, updated every day.
Customers include Staples, Sam’s Club, Waitrose and Ocado, among others.
FinSMEs
04/06/2014