Few things are more important for online merchants than fast, feature-rich product search.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Fayetteville
State: Arkansas
Zip:
Country: United States
Few things are more important for online merchants than fast, feature-rich product search. StackSearch has invented a cloud-based software service for e-commerce stores that enables them to turn more browsers into buyers -- and more buyers into repeat buyers. Over 80% of e-commerce shoppers go straight to the online store&s;s search box or product navigation links. Shoppers of course gravitate to e-commerce sites that help them quickly find what they seek, and every 1/10 second of load time means a 1% decrease in conversions. Our product helps merchants reduce site abandonment; increase conversions; decrease SEO bounce rates; enhance customer retention. Our service: Until now, most existing solutions required expensive licenses or contracts to access features such as fast-indexing search servers, multi-select faceting, and auto-complete/auto-suggest. StackSearch provides these features as a subscription that is priced within reach of the 86% of online merchants that now use sub-optimal search functions that are bundled with their e-commerce platform. Most of these sub-optimal solutions are based on slow technology that is simply not built for today’s environment of cheap compute instances/bandwidth. StackSearch is built specifically for today&s;s e-commerce environment. Our market: The global e-commerce will exceed $1.25T in 2013 and is growing 20% per year. We reside in the e-commerce tools market, which is a $12B market where cloud solutions are steadily grabbing more of this market. Our addressable market is the segment that books $1-50M in annual sales (approx. 25% of online stores). E-commerce merchants are in an arms race with the Amazons of the world, and StackSearch provides the guns. We are early-revenue stage, and we are opportunistically positioned with high growth potential, low capital intensity, and a top-notch management team.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 4/2013 | Pre Seed Round | 2 | $150k |
Ark Challenge Gravity Ventures Ark Challenge Gravity Ventures |
2/2013 | Equity Crowdfunding | - | 2/2013 | Equity Crowdfunding | - |
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