Shopvibes develops and markets a software solution that digitizes sales processes, thus automating and simplifying them. The Munich-based startup aims to support small and medium-sized enterprises in particular in the digital management of their products, media, orders, and sales partners.
Technological development & expansion of the team
As an all-in-one Product Information Management System (PIM), Shopvibes connects small and medium-sized manufacturers and their brands with their retailers on its digital platform. This allows them to centrally map all product- and sales-relevant data and processes digitally. The Munich-based startup's technology also supports the optimization of product data for the best possible placement across all sales channels by generating, aggregating, and intelligently exploiting product data from various sources. Flexible export formats allow this data to be shared with all sales partners and channels. The company plans to use the newly raised capital to advance technological development and expand its team.
“Direct uplift in sales figures”
investor Ralf Fischer, which is also part of the Baystartupinvestor network, says about the current financing round:
"When we set up our retail service with the VerticalAds Group, we were shocked by the poor quality of the available product data. Little has changed in Europe since then. Yet, this data forms the basis of every digital purchasing decision. Shopvibes addresses this problem with an efficient and automated software solution that promises brands and shops a direct uplift in sales figures. A large market, an attractive product solution, and a promising founding team are the decisive arguments for my investment."
And Shopvibes-Founder Daniel Wimmer says:
"We are very pleased to have attracted investors with relevant experience, allowing us to further advance our vision of a central, digital platform for multi-channel sales for SMEs. We will primarily invest in expanding our team and thus in product development and further expansion."
