Littledata is excited to announce a major funding round that will help us accelerate growth around the world. The round, which consists of a mix of debt and equity, provides significant runway for Littledata to continue expanding our ecommerce data platform and to keep hiring the best and the brightest in ecommerce analytics.
New investors in the round include Tomas Slimas, the co-founder of Oberlo, which Shopify acquired in 2017. “Ecommerce business owners are dealing with an increasingly complex world of ad blockers and omnichannel user flows,” says Slimas. “Littledata helps them see where their revenue is really coming from.”
In addition to funding from angel investors, Littledata secured a revenue-based loan from Element Finance, a boutique growth finance firm with offices in San Antonio, Texas, and Dublin, Ireland. Element Finance Partner, John Gallagher, commented: “We were impressed with the business (co-founders) Edward and Ari have built, and they have a fantastic vision for moving the business forward.”
“This new funding round is central to the next stage of our growth as an ecommerce data platform,” says Edward Upton, founder & CEO of Littledata. “Element Finance in particular had a genuine understanding of where we want to go, and we feel that they will back us all the way. The funding allows Littledata to accelerate on its mission to make it ridiculously easy for direct-to-consumer brands (using Shopify, BigCommerce, and more) to connect their data and understand performance.”
The funding will allow Littledata to accelerate product development and marketing to enable more use cases and reach a wider range of brands.
“As one of very few automated solutions for server-side tracking — and the only one I know of in the ecommerce space — Littledata has a unique market position,” says Littledata co-founder and CMO, Ari Messer. “This new funding mix allows us to double down on what’s working, while also exploring a wider range of tech partnerships and co-marketing opportunities. We’ve always helped brands get better data for analysis in tools like Google Analytics, but now we’re expanding to enable data for action in tools like Segment, Klaviyo and Facebook (Meta) Ads. It all comes back to our company value of being inspired by data internally and in what we can offer to customers and partners.”
PS. We’re hiring 🙂