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Constructor raised $25m in a Series B led by Sapphire Ventures, tripling valuation to $550m.

PRIVATEJun 17, 2024over 2 years ago

Amount Raised

$25 Million

Round Type

Series B

San FranciscoArtificial IntelligenceE CommerceMachine Learning

Investors

Silversmith Capital PartnersSapphire Ventures

Description

AI firm Constructor raised $25m in a Series B funding round led by Sapphire Ventures, which tripled the company's valuation to $550m. The funding will be used to expand e-commerce functionality, serve customers better, and expand to additional geographies.

Company Information

Company

Constructor

Location

San Francisco, California, United States

About

Constructor is the leading AI-powered product discovery and search platform for enterprise ecommerce companies. It works with leading ecommerce brands in EMEA, including Birkenstock, Under Armour, Monica Vinader, and others, to create personalized, revenue-generating experiences across the buyer journey.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Constructor raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.