Luxembourg-based e-commerce platform MarketLeap has raised an additional €1.5 million in Seed funding, taking its total funding to €2.6 million. The latest round includes Notion Capital, Kima Ventures and Motier Ventures, existing investor Expon Capital, and others.
The additional capital will accelerate tech operations seeing the platform offer new services. It will also fuel an expansion Stateside while ramping up its UK operations.
Originally Gonuggets when it was founded in 2022, MarketLeap the platform helps brands to sell across more than 30 countries. It claims customers ‘achieved an average of 4x revenue growth within the first month of operations.
“Currently, most brands reach only 0.2% of their total marketplace potential due to a lack of expertise, time, and money. They end up spending over 70% of their time managing their marketplace operations, accounting for less than 20% of their total revenue. We make marketplaces the easiest sales channel for brands, with no time, effort, or capital required, allowing them to focus on what they are the most passionate about, building and sourcing their products,” says Mamoun Benkirane, CEO, who founded MarketLeap with Mekki Mouaddeb.
"The e-commerce landscape is evolving rapidly, and online marketplaces are becoming the established backbone for many of the largest online retailers. The skilled and experienced founding team immediately made MarketLeap’s potential and differentiation clear in this noisy field. MarketLeap is pioneering the way brands expand globally, compete effectively, and access hidden demand,” says Owen Reynolds, Venture Partner at Expon Capital.
Lead image: via MarketLeap. Photo: Uncredited.