Seattle startup Spruce Up raises $3M for AI-powered home shopping platform

Spruce Up CEO Mia Lewin. (Spruce Up Photo)

Spruce Up has some new spending money.

The high-tech home shopping startup just closed a $3 million seed round, bringing its total funding to $4.5 million. New York investment firm Two Sigma Ventures led the round. Other investors include Madrona Venture Group, Female Founders Fund, Alumni Ventures Group, and Peterson Ventures.

Spruce Up uses artificial intelligence to recommend home products from a catalog of more than 25,000 items curated by home stylists. Shoppers fill out an interactive quiz to gauge their taste and then receive curated suggestions from designers.

“With this seed round, we are doubling down on AI powering every aspect of our product and operations,” Spruce Up CEO Mia Lewin said in a statement.

The new funding will also help Spruce Up grow its engineering and data science teams. The startup currently has eight full-time employees and nine part-time stylists.

Two Sigma Ventures’ Dan Abelon will join Spruce Up’s board of directors as part of the deal.

“We believe AI-powered personalization is the future of e-commerce, and Spruce Up is addressing a multi-billion dollar market and significant pain point for consumers today stuck in eternal scroll,” Abelon said in a statement.

Spruce Up is a spin out of Madrona Venture Labs, the venture capital firm’s in-house startup studio. The startup’s co-founders are technology and interior design veterans. Lewin is a former eBay executive who founded several design studios before joining Madrona Venture Labs as CEO-in-residence. Her co-founder Mike Dierken previously held leadership roles at Amazon and McKinsey & Co.

Source link

قالب وردپرس

Related posts

What is big data analytics? Fast answers from diverse data sets


Apex Legends: Nearly 30% of its over 50 million players are new to EA, China and mobile on horizon


Samsung Galaxy Note 9 GSM UNLOCKED 128GB with OEM Accessories N960 + Warranty