# Crowdsource

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

- Industry: Software
- Headquarters: Swansea, US
- Website: www.onespace.com
- Total disclosed funding: $22M
- Latest round: Series B (Mar 8, 2016)
- Investors on record: 2

## About

Crowdsource is a digital commerce solutions provider that delivers integrated software products to enhance growth and efficiency for businesses in the retail sector. It specializes in optimizing advertising, market intelligence, and retail operations for clients worldwide.Founded in 2010 in Swansea, US, Crowdsource is dedicated to providing digital commerce solutions. The company was established by founders Chip DiPaula, Christopher Beselin, Eric Howerton, Miha Podpecan, Osama Awan, Patrick Miller, Peter Selecky, and Ryan Noble. As of March 2016, Crowdsource successfully raised USD 9 mn in Series B financing led by Lewis & Clark Ventures, with participation from Highland Capital Partners. The company has completed a total of 2 deals, reflecting its commitment to progressive funding and growth.Crowdsource offers a suite of integrated, self-serve software products designed to enhance growth in digital commerce. Its core offerings include a Commerce Cloud that encompasses retail media, retail operations, and market intelligence, providing businesses with essential tools to optimize their digital strategies. Their solutions facilitate advertising optimization, monitor digital shelf presence, and deliver advanced analytics for informed decision-making. The company serves over 4,500 clients across more than 20 countries, with a notable presence in North America, Europe, and Asia.Crowdsource generates revenue through a multifaceted transaction structure that includes subscription-based models and partnerships within the retail and digital commerce sectors. Its flagship products, including AI-powered advertising optimization tools, are typically accessed through subscription plans, allowing continued support and updates for clients. Retailers and wholesalers utilize these services to enhance product visibility across over 400 digital marketplaces. The revenue model aligns closely with client success, fostering a collaborative environment for growth and innovation.Crowdsource plans to leverage the recent funding of USD 9 mn raised in March 2016 to develop new products and expand into emerging markets. The company is actively developing enhanced features for its Commerce Cloud, aimed for launch in late 2023. Additionally, Crowdsource is targeting expansion into markets in Asia and Latin America by the end of 2024, which will enable them to meet the specific needs of these regions.

## Funding rounds

- Series B, Mar 8, 2016, $9M — Highland Capital Partners, Lewis & Clark Ventures
- Series A, Oct 22, 2012, $13M — Highland Capital Partners

## Investors

- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series A, Series B
- Lewis & Clark Ventures (https://capitalatlas.ai/funds/lewis-clark-ventures) — Series B