# ChannelApe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/channelape

- Industry: Software
- Headquarters: Scranton, US
- Website: www.channelape.com
- Total disclosed funding: $2.9M
- Latest round: Seed (May 30, 2019)
- Investors on record: 4

## About

ChannelApe, Inc. delivers a robust data platform tailored for retail and e-commerce operations. The company focuses on optimizing inventory management, enhancing operational efficiency, and streamlining order processes for diverse clients.Founded in 2015 in Scranton, US, ChannelApe, Inc. offers a data platform for retail and e-commerce. The company has successfully secured funding, including a Series A round, raising USD 726,633 on October 5, 2023, which reflects their continuous growth trajectory. The founder, Mike Averto, has a history of entrepreneurship, further contributing to the company's strategic direction and development. ChannelApe has conducted a total of 5 deals, indicating a proactive approach in the investment landscape.ChannelApe specializes in providing a comprehensive data platform designed specifically for operations teams within retail and e-commerce sectors. Their core offerings encompass strategic inventory operations that integrate various aspects of business management, including sales, fulfillment, finance, and customer service. Key functionalities include real-time inventory tracking, order management, and fulfillment automation, aimed at eliminating the reliance on spreadsheets and disparate systems. The platform enables users to manage multi-status and multi-location inventories, facilitating optimal purchasing decisions and streamlined monthly closing processes. Customers span a wide range of retailers, including smaller businesses and larger brands looking to enhance their operational efficiency. ChannelApe's services are available in several geographical markets, including North America and Europe, catering to a diverse clientele that includes both B2B and direct-to-consumer sales models.ChannelApe generates revenue through a subscription-based model, offering its clients access to a suite of premium software tools tailored for inventory and order management. Clients typically include retailers and wholesalers who engage with the platform to facilitate smoother transactions and enhanced operational workflows. Revenue is derived from various tiers of service, which may include customizable solutions based on API integrations to meet specific client needs. For example, retailers may subscribe to ChannelApe's inventory management services, paying a recurring fee for access to advanced features such as dashboards, reporting tools, and automated fulfillment processes. The transaction structure is designed to foster long-term partnerships, enabling clients to leverage the platform's capabilities for improved sales and operational insights.In October 2023, ChannelApe, Inc. raised USD 726,633 in Series A funding, which will be utilized to enhance product development and expand service offerings. The company is planning to launch new features aimed at improving data integration and user experience. Additionally, ChannelApe is targeting expansion into new markets, including specific areas in Asia and South America, by the end of 2024, to broaden its client base and increase market reach.

## Funding rounds

- Seed, May 30, 2019, $2.9M — Upside Partnership, Afore Capital, Supernode Ventures
- Seed, May 1, 2015, $0M — Ben Franklin Technology Partners

## Investors

- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Seed
- Upside Partnership (https://capitalatlas.ai/funds/upside-partnership) — Seed
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed
- Supernode Ventures (https://capitalatlas.ai/funds/supernode-ventures) — Seed