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Exclusive: Platma raises $1.85M seed to support small e-commerce businesses

Jun 10, 2024
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Illustration: Gabriella Turrisi/Axios

Platma, a business automation platform, raised $1.85 million in seed funding to help small e-commerce businesses digitize their back-end operations, its co-founders tell Axios exclusively.

Why it matters: Hiring developers can be costly for small businesses, and platforms like Platma can help businesses maximize their resources.

Zoom in: The round was led by Almaz Capital, with Most Ventures and Activat VC participating.

How it works: Platma works with small businesses to create tailored software that helps them automate their back-office processes, say co-founders Yaroslav Kologryvov and Maksym Prokhorov.

  • Its no-code platform uses written commands in everyday language — leveraging natural language processing — to turn a business' vision into ready-to-use software tools.
  • "With our platform, you don't have to increase your experience in [the programming] field. You don't have to have any middleman who will support you," Kologryvov says.
  • Platma's goal is to allow businesses to focus on their business, and reduce their reliance on a costly team of developers, he adds.

Case in point: Platma could create a chatbot or a QR code for customers in a particular region.

  • "When the business is digitalized, that means that we can build scenarios and Platma can give any suggestion to increase efficiency," Kologryvov says.
  • The company also works across various platforms, including Wix, Shopify, Facebook and Instagram.

By the numbers: The company has reached $1.5 million in annual recurring revenue, and projects that to grow by 700% over the next six months.

What's next: The company targets raising a $10 million round later this year.

  • The company hopes to incorporate more third-party data into its models, such as logistics availability, government policies or social media.
  • For example, users can analyze raw material costs, product availability across numerous suppliers or how legislation could affect parts of their business.
  • Kologryvov hopes Platma's platform will be the next standard operating system for businesses.
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