Outvio has raised $3M in funding from Change Ventures, others

SaaS News - Outvio has raised $3M in funding from Change Ventures, others (source : SaaS Industry)
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Outvio, a provider of cloud-based SaaS fulfillment solutions to online retailers, has raised $3M in a seed round financing led by Change Ventures, with participation from others, as per reports

Estonia’s Outvio, a provider of white-label SaaS fulfillment solutions to online shops, has raised $3 million in an early-stage funding round led by Change Ventures, ending its bootstrap spree since its inception in 2018, a TechCrunch report said.

Other investors – TMT Investments (London), Fresco Capital (San Francisco) and Lemonade Stand (Tallinn). Several angels also joined the round, including James Berdigans (Printify) and Kristjan Vilosius (Katana MRP) – participated in the funding round.

Processing and delivering orders are the core yet challenging processes that online retailers undergo. Outvio opined that many retailers and shops (online) wing these processes, without having much time to prepare. Outvio aspires to change this via its cloud-based SaaS application that reinvents online deliveries for e-commerce by designing a fulfillment process to increase sales. 

Outvio’s platform automates the shipment creation process, connects online shops with couriers without the need to code and turns the fulfillment process into a channel to guide sales operations towards increase. Juan Borras, co-founder and CEO of Outvio, stated that the platform could offer online stores the tools to deliver a superior post-sale customer experience and even integrate at different points in their fulfillment processes. For large merchants, it can help them cut down expenses in development costs alone.

What happens after the purchase is more important than most shops realize. More than 88 percent of consumers say it is very important for them that retailers proactively communicate every fulfillment and delivery stage. Not doing so, especially if there are problems, often results in losing that client. Our mission is to help online stores streamline everything that happens after the sale, fueling repeat business and brand-loyal customers with the help of a fantastic post-purchase experience

Juan Borras, co-founder and CEO of Outvio

Rait Ojasaar, investment partner Change Ventures, stated that online retailing still has a long way to go and that consumers’ expectations are increasing with respect to delivery time and standards. 

The same can be said about the online shop operators who increasingly look for more advanced solutions with consumer-like user experience. The Outvio team has understood exactly what the gap in the market is and has done a tremendous job of finding product-market fit with their modern fulfillment SaaS platform.

Rait Ojasaar, investment partner Change Ventures
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