Brainchild Of Ex-Amazon, Jumia Executives: Luxembourg’s Marketleap Completes €2.6M Round To Expand In Us
Oct 10, 2023•almost 2 years ago
Amount Raised
€2.6 Million
Round Type
seed
Luxembourg CityArtificial IntelligenceE CommerceInvestors
Expon CapitalMotier VenturesTrezyKima VenturesNotion CapitalGonuggets
Description
Luxembourg-headquartered e-commerce platform MarketLeap, formerly Gonuggets, is the first complete AI-enabled operating system for digitally native brands. Now, it has secured an additional €1.5 million in seed funding. With this, the total funding secured in the seed round accounts for €2.6 million. The investment came from Notion Capital known for investing in Orus, Kima Ventures that backed Fairlyne, Trezy and Finres, and Motier Ventures. Also, existing investors, including Luxembourg’s Expon Capital joined the round.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers