By: StartupChi Team | Date: October 8, 2024

Introduction

In a significant boost for the e-commerce landscape, Logik.io has announced the completion of a $25 million Series B funding round. The company, known for its innovative headless configuration technologies, aims to enhance the online shopping experience through advanced logic engine solutions. This latest funding sets the stage for Logik.io to elevate its product offerings and expand its market reach.

Background

Founded by a passionate team of technology veterans, Logik.io emerged from a need for efficient configuration technologies in the growing e-commerce sector. The team identified a critical gap in the market where traditional configuration systems fall short, failing to meet the complexities demanded by modern consumers. Logik.io’s pioneering platform has since enabled businesses to seamlessly offer customizable product configurations, streamlining the buying process and enhancing customer satisfaction.

Funding Details

The recently concluded Series B round brings Logik.io’s total funding to $51 million, solidifying its position as a key player in the B2B e-commerce space. Led by renowned investors such as Emergence Capital and GoBig.ai, this round also included participation from four other strategic investors. With this capital infusion, Logik.io is poised to further innovate and fortify its market presence.

Competitive Landscape

In an environment where giants like Salesforce and Oracle dominate, Logik.io carves out a niche with its unique headless configuration capabilities, which provide greater flexibility and customer engagement options. Unlike its competitors, the platform prioritizes user experience while scaling rapidly, positioning itself as a more agile alternative for businesses seeking customization without complexity.

Future Plans

With the new funds, Logik.io plans to focus on product development, enhancing its technology stack to deliver even more robust configuration solutions. Additionally, the company aims to expand its team and invest in marketing to amplify its presence across strategic markets. This growth journey seeks not just to improve its offerings but also to potentially expand into new geographic areas.

For more information on Logik.io and its innovative approach to e-commerce, visit www.logik.io.

Series B – Logik.io:

• Organization Name: Logik.io
• Organization Description: Logik.io is an ecommerce logic engine platform focused on developing headless configuration technologies.
• Website: www.logik.io
• Funding Type: Series B
• Funding Round: Series B – Logik.io
• Money Raised: $25,000,000
• Announced Date: Oct 8, 2024
• Funding Stage: Early Stage Venture
• Pre-Money Valuation: —
• Equity-Only Funding: Yes
• Industries: B2B, E-Commerce, Information Technology, Sales
• Revenue: $10M to $50M
• Total Funding: $51,000,000
• Funding Status: Early Stage Venture
• Number of Funding Rounds: 3
• Lead Investor:
• Investors: ,,,,,, Emergence Capital, , GoBig.ai
• Number of Investors: 6
• Number of Partner Investors: 4