Engage3 helps retailers manage Pricing Image through factual competitive data, data science and AI-powered software solutions. And now it has more money in its arsenal to take their business to the next level.
It announced today that it closed a $12 million Series C round of financing. This round is led by The March Fund I LP, joined by previous investors Pereg Ventures, Black Diamond Ventures and NewRoad Capital Partners.
“We are tremendously excited to partner with The March Fund at this next stage of our growth,” said the startups’ founder and CEO Ken Ouimet in a statement. “Their mission to accelerate the emergence of Food 3.0 by supporting companies with deep expertise in advance data analytics, food science and nutrition is aligned with our current product portfolio. Our vision of optimized pricing for personalized nutrition solutions create a shared win for consumers, retailers and manufacturers.”
In addition, Engage3 welcomes to its board of directors, as part of its latest financing round, Dr. Harold Schmitzand Christopher Lai, a founding partner of the March Fund.
The startups’ Price Image Management Suite helps retail clients understand and manage Price Image and compare it with their sales and profitability objectives using predictive modeling. Eight of the top ten grocery retailers in the U.S. use Engage3’s services.
Engage3 plans to use the funding to accelerate product development, expand its staff, and scale up the company’s go-to-market initiatives.
Image credit: Engage3