# Polar Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/polar-analytics

- Industry: Software
- Headquarters: Paris, France
- Website: www.polaranalytics.co
- Total disclosed funding: $28M
- Latest round: Series A (Nov 12, 2024)
- Investors on record: 4

## About

Based in France, The Growth Team SAS operates as Polar Analytics, delivering advanced analytics solutions designed to empower e-commerce businesses in optimizing their performance across multiple channels.Founded in 2020, The Growth Team SAS specializes in analytics for e-commerce, particularly focusing on Shopify platforms. The company is headquartered in Paris, France. David, one of the co-founders, leads the firm as CEO. Having successfully secured USD 18.00 mn in Series A funding in November 2024, led by Chalfen Ventures, with participation from Frst Capital and Point Nine Capital, the total amount raised by the company so far is USD 18.00 mn. The firm has completed three deals to date, showcasing a steady progression in its operational strategy.Polar Analytics specializes in providing a sophisticated analytics platform tailored for e-commerce businesses, particularly those utilizing Shopify. The core offering includes a centralized analytics dashboard that consolidates data from over 45 integrations, enabling customers to track performance across various sales channels seamlessly. The platform supports functionality for custom reporting, first-party attribution, and automated insights, designed specifically to enhance decision-making and operational efficiency for direct-to-consumer (DTC) brands. By empowering marketing teams to analyze campaign performance, optimize customer acquisition costs (CAC), and improve customer retention and lifetime value (LTV), Polar Analytics addresses critical pain points in e-commerce data management. The company serves a diverse client base, including over 4,000 brands and businesses located in international markets such as North America, Europe, and Australia.Polar Analytics generates revenue primarily through subscription-based models, offering several pricing tiers that cater to different business needs. Clients engage with the platform under various structures, including direct-to-consumer relationships, where they access a suite of tools for analyzing and optimizing their e-commerce strategies. The subscriptions typically include features such as the Polar Pixel for enhanced data attribution and a Klaviyo Flows Enricher to maximize ad revenue recovery from missed conversions, both of which are key services. While specific pricing details for individual services are not publicly disclosed, the company’s revenue model reflects a commitment to providing value through comprehensive analytics solutions that enable its clients to achieve measurable growth in their marketing efforts.In November 2024, Polar Analytics raised USD 18.00 mn in Series A funding, with plans to utilize this investment to scale marketing efforts aimed at reaching Shopify brands, expand its product team in Europe, and establish go-to-market teams in the U.S. The company also intends to develop new features focused on assisting merchants in reducing acquisition costs and increasing their revenue.

## Funding rounds

- Series A, Nov 12, 2024, $18M — Point Nine, Frst Capital, Chalfen Ventures
- Series A, Jul 18, 2023, $9M — Point Nine, Frst Capital
- Seed, Mar 24, 2021, $1.4M — Kima Ventures, Frst Capital

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Frst Capital (https://capitalatlas.ai/funds/frst-capital) — Seed, Series A
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Series A
- Chalfen Ventures (https://capitalatlas.ai/funds/chalfen-ventures) — Series A