Ecomdash, an innovative ecommerce software company, announced the conclusion of an early stage fundraising round. As part of a $1.2 million raise, the tech startup secured both an institutional level investment from strategic partner Gemini Southern, as well as additional backing from a select group of angel investors.
Capital raised will go toward implementing and supporting an aggressive product development roadmap in 2015. Ecomdash intends to accrue additional channel integrations and develop further financial and back-end office capabilities through both application enhancements and new integration partnerships.
Current sales channel partners include ecommerce giants like Amazon and eBay, plus shopping cart-ready website platforms like Shopify, Magento and Bigcommerce. Ecomdash is focused on inventory and sales order management with a faster-than-most quantity synchronization application at the core of its offering. It also provides automation features for shipping, listing products for sale, purchasing, fulfillment and more within its suite of software.
'The acceleration of ecommerce is creating demand for more advanced software-as-a-service offerings. As retailers look to scale, they need faster and more powerful tools to help them grow and compete,' said Nick Maglosky, CEO of ecomdash. Last year, ecomdash customers increased revenue by 23 percent, on average, quarter over quarter. 'Our data sync automation enables retailers to sell more products, in more places, while spending significantly less time and money. With this funding, we will continue to advance our technology to assist our multi-channel merchants in reaching further efficiencies and continued growth,' Maglosky stated.
Ecomdash displayed true hockey-stick success throughout 2014, more than doubling its customer acquisition quarter over quarter. Ecomdash expects significant advancement in 2015 and aims to hire new resources to support its continued productivity and maintain the high level of personalized service its customers have experienced to date.
About Ecomdash
Ecomdash is a web software application enabling ecommerce sellers to run their business from anywhere at any time in a fraction of the time they spend today. Ecomdash automates and integrates omni-channel retailers' inventory, sales orders, product listings and shipping processes across marketplaces like Amazon, eBay and Etsy as well as ecommerce-ready website platforms like Bigcommerce, Shopify and Magento. Ecomdash gives merchants the ability to save time, grow sales, and increase customer satisfaction. For more information visit ecomdash.com.