PowerBuy is a social commerce venture that provides brands and retailers with innovative features such as Group Buy, Multi-SKU checkout, Social Gamification, Social Commerce AI, and Social Shopping. The company boasts an interactive checkout experience called PowerBuy Checkout, which has proven to be highly effective. According to the company, PowerBuy Checkout enables online eCommerce Merchants to achieve 8x conversation rates, a 97% reduction in cart abandonment rate, and an 8x decrease in customer acquisition costs.
Founded in 2019, PowerBuy operates in the AI, E-Commerce, Social Commerce, and Machine Learning industries. The company secured a $1.00M Venture Round investment on 04 January 2019, with SV FRONTIER as the investor.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | $1.00M | 1 |
|
04 Jan 2019 |
| Angel Round | $1.50M | 1 | Kohei Terada | 21 Nov 2018 |
| Angel Round | $1.20M | 2 | Bruce Watanabe, Kohei Terada | 27 Mar 2018 |
| Seed Round | $1.00M | 1 | Kohei Terada | 18 Jan 2017 |
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