Recomaze, an International Accelerator (IA) portfolio company, has raised $500,000 in pre-seed funding from IA Global Ventures (IAGV), marking a significant milestone for both the startup and the early-stage venture capital firm. This is the first investment from IAGV’s maiden fund, dedicated to funding high-potential startups within IA's portfolio and providing them with the necessary capital to scale their operations in the U.S.
Founded in 2023 by Delian Coroama, Recomaze is an AI startup focused on creating comprehensive revenue maximization tools for e-commerce platforms. The company has caught the attention of investors with its innovative technology and promising market potential. Its AI-powered solutions provide personalized product recommendations to e-commerce shoppers, enhancing user experience and boosting sales for online retailers.
The $500,000 investment from IAGV will provide Recomaze with crucial funding to accelerate its product development, expand its team, and scale its operations. This capital injection comes at a time when the AI industry is experiencing rapid growth and attracting substantial investments across various sectors.
Recomaze has already launched its first revenue maximization plugin and secured key partnerships with leading industry players including BigCommerce, WooCommerce, and Ginkgo. The company's AI solutions have been well received by businesses, who appreciate the significant improvements in customer engagement and satisfaction.
"We are thrilled to have the support of IAGV and are honored to receive their first investment," said Delian, CEO of Recomaze. "This funding is a game-changer for us. We're excited to leverage this investment to enhance our revenue maximization capabilities, expand our team, and increase marketing efforts to help more e-commerce businesses thrive."
“I met Delian Coroama in 2023 and was immediately impressed by both him and Recomaze,” said Nikos Iatropoulos, Managing Partner of IAGV. “Over the past nine months, I’ve had the privilege of working closely with Delian and witnessing the remarkable progress Recomaze has achieved. We couldn’t have chosen a better company to mark our first investment from the fund.”
With the backing of IAGV and the support of the International Accelerator, Recomaze is well-positioned to revolutionize the e-commerce landscape and establish itself as a leader in AI-driven revenue optimization systems.
For more information about Recomaze and its AI-driven revenue maximization tool for e-commerce, please visit www.recomaze.ai
About Recomaze
Recomaze is a cookieless, AI-driven revenue maximization tool designed to engage and convert first-time e-commerce visitors. By delivering highly relevant product suggestions from their initial visit, Recomaze addresses the critical challenge of generic online shopping experiences, converting new visitors into loyal customers.
About IA Global Ventures
IA Global Ventures (IAGV) is an early-stage venture capital investment fund dedicated to supporting foreign-born entrepreneurs who are launching U.S.-based companies. IAGV focuses on providing early-stage funding to innovative startups, enabling them to scale their businesses and succeed in the competitive U.S. market.
About International Accelerator
International Accelerator is dedicated to empowering foreign-born entrepreneurs on their startup journey in the United States. Its12-month program is designed to provide support and resources, allowing entrepreneurs to immerse themselves in the dynamic U.S. ecosystem. Since its inception, the International Accelerator has helped entrepreneurs from over 22 countries raise an estimated $145M, with a portfolio valuation of over $1B.
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