Finnish e-commerce startup Starcart announced it has raised €3.5M in a seed round of funding led by Nordic early-stage investor Inventure.
The round also saw participation from Business Finland, who provided a €400K R&D loan, and other Finnish angel investors.
With the funding, Starcart says it will scale its AI-powered shopping platform and expand into new markets across Europe in 2024. The company plans to add hundreds of new stores to the platform.
A unique shopping platform
Starcart says it has seen explosive growth since its launch in Finland in 2022. The company’s sales volume has increased by more than tenfold in the past six months and is currently experiencing double-digit monthly growth.