CloudCart, a professional platform for creating online stores, is launching a campaign to raise 10 million euros in Series A funding by the fourth quarter of 2024. With stable financial forecasts, the company expects to exceed a turnover of 25 million euros over the next four years, utilizing its scalable business model and innovative AI solutions.
Over the past three years, CloudCart has attracted investments of over 2 million euros from New Vision 3 (NV3), Sportal Media Group, ITA Group Bulgaria, and Elevator Ventures, accelerating their development. Starting today, the new capital raising begins through the European innovation financing platform SeedBlink. Interested parties can participate with a minimum investment of 2500 euros, receiving shares in CloudCart. The company is valued at 14 million euros in this round (before investments).
"This investment round is much more than just financial participation, it represents a strategic partnership that will shape the future of eCommerce. Your investment not only supports CloudCart but also paves the way for innovations that transform the way merchants and consumers interact," said Nikolay Iliev, CEO of CloudCart.
The company's customer acquisition strategy includes a unique ecosystem of professional services, aimed at online store owners and their needs in various areas. Part of the objectives set in the new investment round are establishing and maintaining strategic partnerships in every market and continuously improving their product. CloudIO, their new AI tool, is the latest proof of technology's power and how CloudCart elevates entrepreneurship to another level. The result is up to 5 times lower costs for product descriptions and up to 5 times faster SEO optimization. Moreover, CloudIO saves over 90% of the time for product descriptions for each merchant.
Entering new markets is a primary focus for the company. With a current presence in seven regional markets, the company has established a significant presence in countries like Bulgaria, Greece, and Romania. Entering the vast potential of eCommerce in Germany, Europe's largest economy, is the next big step forward and upward. CloudCart is also considering markets with less developed e-commerce and lower competition, such as Serbia, Albania, Macedonia, Bosnia and Herzegovina, and Croatia.
The information provided by KomuniK
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
The Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
