Stackfix Raises £2.4 Million to Revolutionize Software Comparison
Deal News | Dec 04, 2024 | Business Cloud
Stackfix, a London-based AI-powered software comparison platform, has raised £2.4 million in a funding round led by Chalfen Ventures, with participation from Seedcamp and several prominent angel investors. Founded by Paddy Stobbs and Camin McCluskey, Stackfix aims to optimize the software purchasing process for businesses by providing real-time data on software pricing, features, and performance. The platform has already been adopted by companies in North America and Europe during its private beta phase. The new funds will be utilized to enhance the platform's AI capabilities and expand its global reach. According to CEO Paddy Stobbs, the investment is pivotal in addressing the gap in tools that help businesses select the right software products. Investors believe in the vast potential Stackfix holds in becoming a go-to B2B software marketplace due to its AI-driven solutions for quicker, informed decision-making.
Sectors
- Artificial Intelligence
- Software as a Service (SaaS)
- Venture Capital
Geography
- United Kingdom – Stackfix is based in London, and the article prominently discusses the company's founding and operations within the UK.
- North America – The article mentions that businesses in North America have participated in the private beta of Stackfix’s platform.
- Europe – Alongside North America, European businesses have also engaged with Stackfix, indicating its geographical focus for expansion.
Industry
- Artificial Intelligence – The article focuses on Stackfix, a platform that uses AI to provide software comparison services, highlighting the role of AI in transforming business software purchasing decisions.
- Software as a Service (SaaS) – Stackfix operates in the SaaS industry by offering a digital platform that allows businesses to compare software, thereby facilitating the software procurement process for B2B clients.
- Venture Capital – The article discusses a significant funding round for Stackfix, led by venture capital firms and angel investors, showcasing the role of VC in scaling tech startups.
Financials
- £2.4 million – The total amount raised by Stackfix in their latest funding round to enhance their AI platform and expand globally.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stackfix | Target Company | Company | An AI-powered software comparison platform co-founded in London to streamline and optimize the software purchasing process for businesses. |
| Chalfen Ventures | Leading Investor | Company | A venture capital firm that led the £2.4 million funding round for Stackfix. |
| Seedcamp | Investor | Company | A seed stage venture capital firm participating in Stackfix's funding round. |
| Paddy Stobbs | Co-founder & CEO | Person | Co-founder of Stackfix and former co-founder of Jukedeck, involved in leading the company's direction. |
| Camin McCluskey | Co-founder | Person | Co-founder of Stackfix, previously associated with Skyscanner, contributing to the company's strategy. |
| Paul Forster | Angel Investor | Person | Founder of Indeed.com and one of the notable angel investors in Stackfix. |
| Mehdi Ghissassi | Angel Investor | Person | Head of product at DeepMind and an angel investor in Stackfix. |
| Matt Clifford | Angel Investor | Person | Chair of Entrepreneur First and ARIA, involved as an angel investor in Stackfix. |
| Alice Bentinck | Angel Investor | Person | Co-founder of Entrepreneur First and an angel investor in Stackfix. |
| Charlie Delingpole | Angel Investor | Person | Founder of ComplyAdvantage and an angel investor in Stackfix. |