Profasee raises $2.3M seed round, launches Amazon price optimization platform
Summary
The startup, which was founded late last year, has developed an AI-powered platform to help Amazon sellers more effectively set prices.In an exclusive interview with Refresh Miami, Profasee CEO and founder Chad Rubin announced that he is taking the company out of stealth mode, with a $2.3M seed fundraise in tow. Profasees 11-person team plans to use this funding to supercharge its product development roadmap and make some strategic hires, including data scientists and a go-to-market expert, said Rubin [pictured above].Prior to founding Profasee, Rubin successfully exited e-commerce operations platform Skubana and e-commerce marketing company Sellers Choice. However, they already have a handful of brands successfully leveraging the platform, including Marketplace Valet, Pavoi Jewelry, and LilyAna Naturals Skin Care. Profasee charges a SaaS fee based on the sellers revenue.Chad is inventing the next wave of e-commerce, asserted Neil Sequeira, founder and managing director of defy.vc. Profasee is taking e-commerce from a web-based version of walking into a store to a new, personalized shopping experience.