Konnecto Raises $21M in Funding


Konnecto, a Tel Aviv, Israel-based provider of a prescriptive marketing platform, raised $21M in Series A funding.

The round, which brought the total capital raised by date to $29M, was led by PeakSpan Capital with participation from TPY Capital, Mindset Ventures, Differential Ventures, SeedIL Ventures, and Magna Capital Partners.

The company intends to use the funds to expand its data science and engineering teams, as well as invest in expansion of go-to-market infrastructure and headcount.

Led by CEO Erez Nahom, Konnecto offers a prescriptive marketing platform that provides consumer brands with daily recommendations on how to increase their online sales by reverse engineering their competitors’ journeys and identifying path-to-purchase vulnerabilities. The company works with companies across a variety of industries, including Coca-Cola, MyHeritage, AON, Haven Life, and many others.