Hi!
I'm excited to announce that we've secured funding of a total of USD 5.3 million that we aim to invest within the next 18 months to further fuel our ambitions of becoming a marketing one-stop-shop for eCommerce businesses.?
First and foremost, huge thanks to you. Since day one we have been developing without external funding, meaning that every bit of revenue we managed to bring into the company, we were reinvesting into development. It's your trust in edrone that has fueled our growth and for that, I'm incredibly grateful. Our growth is instantly coined into your growth.?
That''s why we've decided to boost our development by securing two-fold funding: an investment - that we can officially announce today - that edrone has received from PortfoLion and a grant from the National Centre for Research and Development (NCRD).
Your eCommerce will be the main beneficiary of all these funding and investments. edrone will continue on the mission of becoming a one-stop-shop - ?a system that combines, in an intelligent synergy, all features and resources that your online store needs to grow (in sales, branding, and size). For that, we are expanding our development team, bringing bright minds from around the world. Our number one goal is to make Artificial intelligence the core of our platform, empowering your business to constantly move to the next level.
PortfoLion is a Budapest-based Venture Capital and Private Equity firm which is part of the OTP Group, one of the largest banking groups in the CEE region. Their investment was in the amount of USD 2.5 million. You can learn more about it in this article.
The NCRD grant was in the amount of USD 2.8 million, and it will be spent exclusively on creating AVA - a platform supporting the development of virtual voice assistants for eCommerce. You can learn more about our AVA project in this article.
Have an excellent read! Stay safe, and... thank you!
You are part of our success!
Michal Blak, CEO.
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