7Learnings, a Berlin, Germany, based-provider of a SaaS solution for machine learning-based pricing, closed a funding round of undisclosed amount.
Backers included High-Tech Gründerfonds and renowned business angels including Elmar Broscheit, Managing Director at Macquarie, and Harald Schedl, Member of the Supervisory Board of INTERSPORT.
The company intends to use the funds to expand their marketing and sales activities and to further develop their retail automation platform.
Founded in 2019 by Martin Nowak, Eiko van Hettinga, and Felix Hoffmann, 7Learnings provides a SaaS-based, machine learning-powered pricing solution for retailers to strengthen their position against Amazon. Machine Learning technology is used by 7Learnings to measure the actual willingness-to-pay of the customers. The customer sets the target and can generate optimal prices for the entire assortment with just one click. The start-up has grown profitably to date and works with leading retailers from various retail segments.