Logicbroker Inc., a Shelton, CT-based provider of a SaaS ecommerce platform, closed a $1.6m Series A financing.
Backers included Connecticut Innovations, which made the investment through its Eli Whitney Fund, and other existing and new individual investors.
The company intends to use the funds to further grow and increase adoption of its services.
Led by Peyman Zamani, CEO, Warren Reimer, CTO, and Karim Hadchiti, Logicbroker provides logicbroker, a comprehensive ecommerce software-as-a-service platform that is designed to enable mid-sized retailers, etailers and suppliers to process orders integrating with hundreds of electronic data interchange (EDI) trading partners.
The solution’s capabilities span product cataloging, customer ordering, order fulfillment, returns, vendor sourcing and data analytics.
To increase its customer base, the company leverages strategic partnerships, including ones with Microsoft, Magento and others and collaborates with over 500 trading partners including Best Buy, Radio Shack, Sears and Amazon.