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Chicory, Inc received a minority investment from SEVA I LP to scale its business and strengthen its technology.

Sep 10, 202412 months ago

Investors

Seva I Lp

Description

Chicory, Inc has announced that it received a minority investment from SEVA I LP, marking its first outside institutional capital investment. This partnership aims to enhance Chicory's capabilities in contextual commerce and support its growth into new product categories.

Company Information

Company

Chicory

About

Chicory believes in the power of recipes to inspire consumers and drive commerce. As the leading contextual commerce advertising platform, we transform recipe content into commerce media. Our platform powers a recipe network, spanning 5,200 sites, that CPG brands use to reach 123 million high-intent grocery shoppers each month.

Funding Insights

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers