# Twiggle

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

- Industry: Internet
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.twiggle.com
- Total disclosed funding: $28M
- Latest round: Series B (May 11, 2017)
- Investors on record: 5

## About

Twiggle is an innovative technology company that utilizes artificial intelligence to enhance the online shopping experience through an advanced search platform, providing users with contextually relevant results and improving product discovery.Founded in 2014 in Tel Aviv-Yafo, Israel, Twiggle specializes in developing AI-driven search solutions for e-commerce. The company has raised a total of USD 15.00 mn in funding, with the latest being a Series B round on May 11, 2017, co-led by Korea Investment Partners and MizMaa Ventures. The founder, Adi Avidor, has a history of entrepreneurship, although further details on prior ventures are not available.Twiggle focuses on artificial intelligence technology that enhances the search experience for consumers in e-commerce. Their proprietary search platform addresses challenges in product discovery and navigation for online retailers. Twiggle’s services cater to various e-commerce brands and retailers across North America and Europe, aiming to optimize their online visibility and improve user engagement.Twiggle's revenue model is based on subscription services for its search technology and support. Clients enter contracts to ensure a steady revenue stream as their needs grow. The company may also generate revenue through partnerships with retailers, tied to performance metrics from search optimizations, with pricing plans tailored to the scale of each client’s implementation.Twiggle plans to leverage the recent Series B funding of USD 15.00 mn, raised in May 2017, to enhance its product offerings and expand into new markets. The company is focusing on the development of new features for its search platform to be launched in the coming year. Additionally, Twiggle aims to penetrate additional geographic markets, specifically targeting Asia and South America, by 2020, to broaden its client base and enhance its technology reach.

## Funding rounds

- Series B, May 11, 2017, $15M — Korea Investment Partners, MizMaa Ventures
- Series A, Apr 7, 2016, $13M — Naspers Limited, Z Venture Capital, State of Mind Ventures
- Seed, Nov 30, 2014 — State of Mind Ventures

## Investors

- State of Mind Ventures (https://capitalatlas.ai/funds/state-of-mind-ventures) — Seed, Series A
- Naspers Limited — Series A
- Z Venture Capital (https://capitalatlas.ai/funds/z-venture-capital) — Series A
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- MizMaa Ventures (https://capitalatlas.ai/funds/mizmaa-ventures) — Series B