Compatio, a Springfield, Mo.-based Intelligent Commerce platform that accelerates purchases online, completed a $1.5m seed financing round.
The round was led by Kurt Hellweg, former CEO of American Dehydrated Foods with participation from both existing and new investors and a $250k investment from the Missouri Technology Corporation.
This investment adds to Compatio’s $900k Pre-Seed Round, bringing total funding since launching the development of its knowledge-based commerce platform to $2.4m.
The funds will allow the company to expand its sales and marketing efforts, as well as broaden and accelerate product development.
Led by Tim Baynes, Founder and CEO, Compatio is building a Knowledge-Based Commerce platform, and a digital commerce platform engineered specifically to sell complete solutions and not just products.