About Marxent
Marxent is a company based in South Brunswick Township (United States) founded in 2011 by Barry Besecker.. Marxent has raised $37.87 million across 9 funding rounds from investors including Stage 1 Ventures, Detroit Venture Partners and Barry Besecker. Marxent offers products and services including 3D Product Configurator, WebAR, 3D Room Planners, and 3D Modeling Services. Marxent operates in a competitive market with competitors including Perfect Corp, Obsess, Hexa3D, Streem and Emperia, among others.
- Headquarter South Brunswick Township, United States
- Founders Barry Besecker
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Sectors
ConsumerRetail Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Marxent Labs, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.87 M (USD)
in 9 rounds
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Latest Funding Round
$7.5 M (USD), Series D
May 04, 2023
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Investors
Stage 1 Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Marxent
Marxent offers a comprehensive portfolio of products and services, including 3D Product Configurator, WebAR, 3D Room Planners, and 3D Modeling Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables real-time product customization for furniture and home items
Provides AR experiences for configurable products on web platforms
Facilitates virtual room design and e-commerce integration
Offers professional 3D renders and panoramas for products
Funding Insights of Marxent
Marxent has successfully raised a total of $37.87M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $7.5 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series D — $7.5M
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First Round
First Round
(01 Jun 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series D - Marxent | Valuation |
investors |
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| Jan, 2021 | Amount | Series C - Marxent | Valuation |
investors |
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| Feb, 2018 | Amount | Series B - Marxent | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Marxent
Marxent has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Stage 1 Ventures, Detroit Venture Partners and Barry Besecker. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage US companies are invested in by Stage 1 Ventures.
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Founded Year | Domain | Location | |
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Tech focused VC firm that does seed and early stage investments in the US
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Founded Year | Domain | Location | |
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BB
Barry Besecker |
Angel investor focusing on Indian startups, experienced in tech and consumer sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Marxent
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Marxent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Marxent Comparisons
Competitors of Marxent
Marxent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Perfect Corp, Obsess, Hexa3D, Streem and Emperia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI and AR-based virtual makeup application solutions
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| domain | founded_year | HQ Location |
Provider of virtual store solutions for retail brands
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| domain | founded_year | HQ Location |
SaaS platform for 3D content creation to enable AR/VR in commerce
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| domain | founded_year | HQ Location |
Home maintenance services are offered through innovative technology by Streem.
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| domain | founded_year | HQ Location |
3D virtual solutions are offered online for fashion businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Marxent
Frequently Asked Questions about Marxent
When was Marxent founded?
Marxent was founded in 2011.
Where is Marxent located?
Marxent is headquartered in South Brunswick Township, United States. It is registered at South Brunswick Township, New Jersey, United States.
Is Marxent a funded company?
Marxent is a funded company, having raised a total of $37.87M across 9 funding rounds to date. The company's 1st funding round was a Series B of $2.07M, raised on Jun 01, 2011.
What does Marxent do?
Marxent was founded in 2011 and is headquartered in South Brunswick Township, United States. Cloud-based software solutions are provided to enable 3D visualization of furniture arrangements and styling for home improvement businesses. Services are targeted at furniture retailers and manufacturers, allowing virtual trials of product placements in real-world settings. Operations focus on the home improvement sector through accessible digital tools.
Who are the top competitors of Marxent?
Marxent's top competitors include Perfect Corp, Obsess and Avataar.
What products or services does Marxent offer?
Marxent offers 3D Product Configurator, WebAR, 3D Room Planners, and 3D Modeling Services.
Who are Marxent's investors?
Marxent has 3 investors. Key investors include Stage 1 Ventures, Detroit Venture Partners, and Barry Besecker.
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