TAGS Commerce, a Calabasas, CA-based company that generates instant checkouts points, raised $3.5M in Pre-Seed funding.
The round includes investors: XRC Labs, Gaingels, Not Boring, Tiny Capital, Vibe Capital, and Unpopular Ventures.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO Daniel Abas, TAGS enables transactions to take place where and when purchase intent is highest. When a buyer activates a Tag, they experience a pre-loaded shopping cart with one-click functionality, eliminating several traditional purchasing steps. Each Tag is encoded, like a transactional barcode and comes in different formats to support all media types. QR Tags can be used for instant purchasing at physical locations, on products for repurchasing or onprint materials, like magazines or brochures. Link Tags can be used on social media as link stickers or as bio links. Text Tags are used for live shopping, podcasts and other types of conversational commerce. Tap Tags are fast and easy for consumers to engage with via websites, AR, VR or the metaverse.
Customers include the Los Angeles Lakers, Foot Locker, Roc Nation, Parade, Young & Reckless and influencers Kall Me Kris, Guap and others.
FinSMEs
01/11/2022