Poland-based SaaS platform that automates and optimises sales and logistics processes for e-commerce players, Nethansa has now reached for another share of the funding pie. The startup has now raised a €4 million funding. The round was led by Warsaw Equity Group and saw the participation of Movens VC.
The newly infused capital will be used to drive the company’s international expansion and product development. Going forward, the company plans to enter the Danish and Swedish markets.
The company that serves players such as Amazon and Kaufland analyses competitors’ offers and optimises the prices of the products put up for sale, thus increasing the margin of its customers’ products. In addition to the platform, the startup offers comprehensive account management support for its contractors and serves end customers in six languages.
Sascha Stockem, CEO, Nethansa said: “The funding we have received in the A round will help us in our European expansion. We are currently working in Poland and Germany. Now, we are looking at entering the markets in the Scandinavian countries and eventually serve entire Europe.”
Over 100 companies are already using the tool, which has already been licensed by Amazon.