About PromoteIQ
PromoteIQ is a company based in New York (United States) founded in 2016 by Alex Sherman and Peter Schwartz was acquired by Microsoft in August 2019. PromoteIQ has raised $6.51 million across 2 funding rounds from investors including Microsoft, Nauta Capital and Laconia Capital Group. The company has 40 employees as of December 31, 2022. PromoteIQ offers products and services including Product Listing Ads, Banner Ads, Sponsored Brands, Offsite Ads, and Microsoft Retail Media Creative Studio. PromoteIQ operates in a competitive market with competitors including Klaviyo, Elastic Path Software, Yotpo, Bango and Demandware, among others.
- Headquarter New York, United States
- Employees 40 as on 31 Dec, 2022
- Founders Alex Sherman, Peter Schwartz
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RetailTechnology
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- Legal Name Spotfront Inc.
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Products & Services of PromoteIQ
PromoteIQ offers a comprehensive portfolio of products and services, including Product Listing Ads, Banner Ads, Sponsored Brands, Offsite Ads, and Microsoft Retail Media Creative Studio.
Promotes individual products on retail sites for targeted sales.
Displays visual ads to increase brand recognition and product visibility.
Features multiple products to drive awareness and conversions.
Extends campaigns to third-party sites for broader shopper reach.
Generates ad creatives using AI for optimized campaign performance.
Funding Insights of PromoteIQ
PromoteIQ has successfully raised a total of $6.51M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.4 million completed in October 2018. 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.
Investors in PromoteIQ
PromoteIQ has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Nauta Capital and Laconia Capital Group.
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Venture capital firm focused on B2B SaaS solutions, enterprise tech, and deeptech applications
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Seed-stage funding is provided to US tech companies by Laconia.
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Microsoft is recognized for software, hardware, and gaming solutions.
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Investor details for PromoteIQ
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Investments & Acquisitions by PromoteIQ
Investment portfolio details for PromoteIQ
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Financial Statements - PromoteIQ
Detailed financials for PromoteIQ
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Promoteiq Comparisons
Peer comparison for PromoteIQ
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Competitors of PromoteIQ
PromoteIQ 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 Klaviyo, Elastic Path Software, Yotpo, Bango and Demandware, among others.
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SaaS email marketing solutions are offered to e-commerce businesses.
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API-based enterprise commerce and content management platform is delivered.
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Cloud-based marketing platform for e-tailers
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Marketing solutions for e-commerce businesses are provided by Bango.
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Enterprise cloud commerce solutions are provided for retailers and manufacturers.
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AI platform for retail ecommerce management and optimization is provided.
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Detailed competitors of PromoteIQ
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Latest news on Promoteiq
Complete news archive for PromoteIQ
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Frequently Asked Questions about PromoteIQ
PromoteIQ was founded in 2016 and raised its 1st funding round 1 year after it was founded.
PromoteIQ is headquartered in New York, United States. It is registered at New York, New York, United States.
Alex Sherman is the current CEO of PromoteIQ. They have also founded this company.
PromoteIQ is a funded company, having raised a total of $6.51M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at PromoteIQ is 40.
Founded in 2016 and based in New York, United States, PromoteIQ operates in the retail software sector. Retailers are connected with brand partners through its platform to handle product promotions on-site. Services encompass pricing and inventory management, reporting, analytics, and campaign tracking for insights. Ad inventory is marketed to brands, which can execute promotions across retailer networks. Clients such as Kohls and Triad are served.
PromoteIQ's top competitors include Klaviyo, CommerceIQ and Yotpo.
PromoteIQ offers Product Listing Ads, Banner Ads, Sponsored Brands, Offsite Ads, and Microsoft Retail Media Creative Studio.
PromoteIQ has 3 investors. Key investors include Microsoft, Nauta Capital, and Laconia Capital Group.