BotXO, a multi-award-winning AI chatbot startup, announces today a €4M funding round from Seed Capital and The Danish Growth Fund. The funding will be used to expand the team and accelerate international expansion and growth.
The investment will enable BotXO further to increase its platform’s proven value to customers and to gain market share as companies are rapidly adopting technology enabling automation, growing online sales, improving productivity, and enhancing personalized customer experiences.
“We are at the dawn of a new era, where the role of technology is to understand human language, make the customer journey as easy as possible, and provide immediate support”, says Henrik Fabrin, CEO of BotXO. “Our customers have seen spectacular business results so far, and we are now ready to help them to reap the benefits of the conversational web as fast as possible”. Dario Rodríguez, co-founder of BotXO says: “The investment has already allowed us to hire people in Valencia, Córdoba and Madrid.”
Peter Egehoved, General Partner at Seed Capital says: “We are tremendously excited that BotXO has chosen to invite us on their journey, as they set out to change the world of e-commerce. Backing skilled repeat entrepreneurs with vision and ambition to change the world is the easiest decision you can make in venture capital. BotXO has achieved significant early traction with some incredible customers, so we are excited to help supercharge their journey and expand into e-commerce industry”.
Esben Gadsbøll, co-founder of WhiteAway.com and first angel investor in BotXO says: “Henrik Fabrin and his team have a deep market understanding, and the platform they have developed so far is hugely impressive. When I originally invested in BotXO, I looked at ten other chatbot startups across Europe and, BotXO stood out as the one that understood how to link their product to the customers’ needs. They have the opportunity to make a great difference in the e-commerce industry with their conversational commerce solutions.”