# Engage3

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/engage3

- Industry: Software
- Headquarters: Citrus Heights, US
- Website: www.engage3.com
- Total disclosed funding: $49M
- Latest round: Series D (Nov 17, 2021)
- Investors on record: 8

## About

Engage3, Inc. specializes in cloud-based competitive pricing solutions, assisting retailers and manufacturers in optimizing their pricing strategies through advanced analytics and machine learning.Founded in 2008, Engage3, Inc. is based in Citrus Heights, US. The company provides cloud-based pricing solutions for retailers and manufacturers. The founders, Ken Ouimet and Tim Ouimet, have a history of entrepreneurship, contributing to the company's innovative approach. Engage3 has raised a total of USD 7.00 mn from 7 deals, with the most recent funding round occurring on September 8, 2023, where they secured USD 7.00 mn in venture funding from unspecified investors.Engage3 offers a comprehensive suite of products designed to enhance competitive pricing strategies for retailers and manufacturers. Central to their offerings is the Price Image Management Suite, which utilizes advanced machine learning algorithms to analyze and optimize pricing perception, enabling businesses to increase revenue and shopper loyalty. The platform integrates in-store audits, web scraping, and point-of-sale data to provide a robust, analytics-ready view of competitive pricing, assortment, and promotions. Engage3 serves a diverse clientele, including eight of the top ten global retailers as ranked by the National Retail Federation (NRF), and operates in various markets, including North America, Europe, and select regions in Asia. The company's solutions are tailored to meet the needs of both large retailers and independent grocery stores, ensuring they can remain competitive in a dynamic marketplace.Engage3 generates revenue primarily through a subscription-based model for its Price Image Management Suite and associated services. Clients engage in transactions typically structured as long-term partnerships, allowing retailers and manufacturers to leverage Engage3’s data and analytics capabilities to improve their pricing strategies. The company provides a variety of tools and features, such as the Lighthouse product linking technology and the MissionControl platform, which facilitate comprehensive competitive data analysis. Clients utilize these tools to ensure their pricing aligns with consumer perceptions while maintaining desired profit margins. Revenue is derived from these subscriptions, with clients benefiting from tailored solutions designed to address their unique pricing challenges in the competitive landscape.In September 2023, Engage3, Inc. raised USD 7.00 mn in venture funding, which will be utilized to support the company's growth strategies. Engage3 plans to enhance and expand its product offerings, with the development of new features and tools aimed at improving pricing strategies for clients. Additionally, the company targets expansion into new geographic markets, focusing on further penetration in Europe and select regions in Asia by 2024, aiming to broaden its client base and deliver its analytics capabilities to a wider audience.

## Funding rounds

- Series D, Nov 17, 2021, $25M — Sweetwater Capital, Black Diamond Ventures, Arrowroot Capital
- Series C, Jun 20, 2019, $12M — Black Diamond Ventures, Pereg Ventures, NewRoad Capital Partners, The March Group
- Series B, Jul 10, 2017, $12M — Pereg Ventures, Kayne Anderson Capital Advisors, Moneta Ventures
- Series B, May 25, 2016 — Moneta Ventures

## Investors

- Moneta Ventures (https://capitalatlas.ai/funds/moneta-ventures) — Series B
- Pereg Ventures (https://capitalatlas.ai/funds/pereg-ventures) — Series B, Series C
- Kayne Anderson Capital Advisors (https://capitalatlas.ai/funds/kayne-anderson-capital-advisors) — Series B
- Black Diamond Ventures (https://capitalatlas.ai/funds/black-diamond-ventures) — Series C, Series D
- NewRoad Capital Partners (https://capitalatlas.ai/funds/newroad-capital-partners) — Series C
- The March Group (https://capitalatlas.ai/funds/the-march-group) — Series C
- Sweetwater Capital (https://capitalatlas.ai/funds/sweetwater-capital) — Series D
- Arrowroot Capital (https://capitalatlas.ai/funds/arrowroot-capital) — Series D