Frontnow has raised 3.8 million euros in expanded seed financing. The Berlin startup makes software and operates in the B2B segment. More precisely: It wants to enable small and medium-sized companies to make online shopping more personal and individual for their customers. The company was started by serial founders Marc Funk (Founder Getnow), Bernhard Lihotzky (Founder Healthcube) and Cedric May (Ex-CTO Dailydeal) in 2020.
The founders offer two different software solutions. First, a virtual assistant that enables customer advice when shopping online – Frontnow Advisor. It provides information about products, makes personalized recommendations and chats with customers. This is made possible by artificial intelligence, a combination of algorithms and large language models. Company data is used for this.
The startup's second solution, Frontnow Enhance, aims to increase companies' sales. Product descriptions should be optimized using algorithms. Customers should receive suitable purchase suggestions.
The financing round is led by the Dutch venture capital fund Peak. PROfounders Capital and Identity Ventures are also involved.
Here we show you the pitch deck with which the founders convinced the investors. You can find more pitch decks here.
Source: https://www.businessinsider.de/gruenderszene/business/mehrere-millionen-fuer-besseres-online-shopping-mit-diesem-pitchdeck-hat-frontnow-ueberzeugt/