Hammoq Inc., a Phoenix, AZ-based provider of an AI platform for reCommerce sellers to run their business, raised $24m in equity plus debt financing.
This latest round, which brings its total financing to date to $27m, was led by Sierra Ventures, with participation from the company’s pre-seed lead investor Origin Ventures.
The company intends to use the funds to accelerate development of its AI and machine learning platform to automate marketplace listings and open up channels for reseller financing as well as product sourcing.
Co-founded by reCommerce industry veterans Sid Lunawat and Ty Blunt, Hammoq provides a SaaS platform that digitizes resale goods and automates online listings so customers can list and sell more. Established in 2021, the company has supported the identification and listing automation process for more than 600,000 items. For resellers, liquidators, thrift and retail organizations, Hammoq enables the resale of returns, lost SKUs, overstocks and other pre-loved goods.
FinSMEs
07/06/2022