DataHawk Technologies announces a Series A funding round of $7 million USD in equity financing. The Software-as-a-Service (SaaS) start-up is positioned to become the leader in democratizing access to professional eCommerce enablement software.
Launched in 2018, DataHawk helps emerging to large brands better run their eCommerce operations thanks to a centralized operating system for analytics and optimizations.
Investment firms and individuals backing the eCommerce acceleration platform include Spring Invest (lead investor), Hi Inov, Axeleo Capital, Mission M, Bleu Capital, LeFonds, Léon Seynave, Christophe Chausson, and others.
This financing round will give DataHawk the capacity to hire more than 80 new employees over the next 12 months, add support for additional eCommerce channels, and enhance AI & recommendation capabilities. Additionally, this funding paves the way for a planned US office expansion, as over 60% of DataHawk customers are US-based.
The company plans to expand on its current software capabilities for brands selling goods on Amazon and Walmart. This fresh capital infusion will also help DataHawk increase its multi-channel capabilities by supporting brands on other online distribution channels.
Founders Isaac Duplan, Sylvain Paget, and Othmane Sghir share a vision to build an all-in-one eCommerce acceleration platform that brands can use to analyze, monitor, benchmark, improve, and automate their eCommerce operations and performance across multiple channels.
“Direct-to-consumer is accelerating at an unprecedented pace, and brands struggle to have good visibility on their performance and an efficient way to manage their eCommerce operations, particularly when selling their goods on multiple online channels. Our vision is to build a centralized multi-channel eCommerce Business Management Platform to help any brand be more successful.” Othmane Sghir, CEO & Co-Founder