Itembase secures investment from UPS Strategic Enterprise Fund

Posted by Joe Garza on 2014-05-22

Itembase recently announced an investment from the UPS Strategic Enterprise Fund, the private equity strategic investment arm of UPS. News of this development has been covered by Evigo, High-Tech Gründerfonds, and FinSMEs.

Itembase Founder and CEO Stefan Jørgensen is a Graduate of the Berlin Founder Institute.

An online platform for hosting, enriching, and providing product identity data, Itembase helps sellers deliver post-purchase products and transaction information, and enables buyers to easily access the information in a centrally-organized collection. Sellers and buyers can host, send, and receive their product and transaction records - including receipts, warranties, and manuals - in digital form for free.

The investment comes at a time when Itembase is experiencing considerable growth, almost doubling the number of merchants using the platform. This massive boost in success is the result of a veritable snowball effect; as more merchants sign up for Itembase, word quickly spreads, resulting in more merchants signing up. Itembase has also released several new products exclusive to online retailers, such as a marketing service that sends automated e-mails to inactive customers and a daily analytics service that sends e-retailers reports of their metrics including products, customers and benchmarks.

We are excited to welcome the UPS Strategic Enterprise Fund as a new investor. This confirms that we are pursuing the right strategy in fulfilling our mission to become the online inventory for everyone and everything.” - Stefan Jørgensen

For more information on Itembase, be sure to check out their official website.

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