Remark raises $16M to build out human-powered expert models for e-commerce

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Startup Details

Funding Information

  • Total Funding to Date: $27 million
  • Latest Fundraise: $16 million
  • Funding Series: Series A
  • Date of Fundraise: Recent Tuesday (specific date not provided in the text)

Investors

  • Lead Investor: Inspired Capital
  • Co-Investors:
    • Stripe
    • Neo
    • Spero Ventures
    • Shine Capital
    • Visible Ventures

Previous Fundraise

  • Previous Fundraise Amount: $10 million
  • Date of Previous Fundraise: May 2024 (linked article reference)

Key Milestones

  • Team Size: 25 people
  • Expert Network Growth: Increased from 50,000 to 60,000 experts
  • Revenue Growth: 4x revenue growth since the last fundraising

Notable Achievements

  • Net Revenue Gain for Partners: 10%
  • Conversion Rate Comparison:
    • Physical Stores: 30% to 35%
    • Online Stores: Roughly 1.5%

Business Model Changes

  • Shifted from cut of sale to a SaaS-based model.

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2025-07-01 16:00:00