Observed Signal · Jan 20, 2025 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Czech AI Shopping Assistant OUTFINDO Raises €1.2M Late-Seed Funding
Czech startup OUTFINDO has raised €1.2 million in late-seed funding. The round was led by Eleven Ventures, with participation from Lighthouse Ventures and Borovička Capital. OUTFINDO offers an AI-powered shopping assistant for e-commerce retailers, integrating a conversational Product Guide into websites to help consumers choose products. Founded in 2020 by Jan Matějů, Ondřej Bouda and Martin Chrz, the company reports conversion rate increases of up to three times and return reductions up to 70% for partners. It currently supports 26 product categories across 10 countries. Retailers such as Allegria, Cycles UK and Grenion use the platform. The funding will support geographic expansion, new categories like electronics and baby care, a self-service solution for smaller retailers, and further development of its Beacon and Diver AI models. Previous backers include JARO Capital, Presto Ventures and Richard Valtr.
OUTFINDO's late-seed funding highlights continued investment in AI-powered e-commerce guidance and conversion optimization, a niche but growing MarTech segment. The deal is not industry-shifting.
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Key Takeaways & Evidence Grounding
- OUTFINDO secured €1.2 million in late-seed funding led by Eleven Ventures.
- Lighthouse Ventures and Borovička Capital participated in the round.
- OUTFINDO was founded in 2020 by Jan Matějů, Ondřej Bouda and Martin Chrz.
- OUTFINDO supports 26 product categories across 10 countries.
- Partner retailers saw conversion rates increase by up to 3x and product returns decrease by up to 70%.
Connected Companies & Entities
2 Entities mapped“This investment builds on previous funding rounds that included notable investors such as JARO Capital, Presto Ventures, and successful entr...”
“This investment builds on previous funding rounds that included notable investors such as JARO Capital, Presto Ventures, and successful entr...”
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