itembase Raises Funds from UPS Strategic Enterprise Fund

itembase, a San Francisco, CA- and Berlin, Germany-based provider of personal inventory platform, recently received an investment from the UPS Strategic Enterprise Fund, the private equity strategic investment arm of UPS (NYSE: UPS).

The terms of the investment were not disclosed.

Led by Stefan Jørgensen, founder and Chief Executive Officer, itembase is an online platform for hosting, enriching and providing product identity data. It allows sellers to deliver post-purchase products and transaction information and buyers to access the information in a centrally-organized collection. The platform automatically processes purchased products from various sources, including email, forwarded invoices and checkout integrations at web shops.
Receipts, warranties, manuals and many other data points are made available through the digital identity record of the product. Sellers and buyers can host, send and receive their product and transaction records in digital form – all free-of-charge.

The company, which signed up more than 30,000 online retailers globally as of the end of April 2014, had raised $3.25m from High-Tech Gründerfonds (HTGF), Rheingau Founders and German Startups Group, WestTech Ventures and HR Alpha, and angel investors in October 2013 (read here).



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