Shoppimon Raises $2.3M in Seed Funding

Mar 15, 2016


BEST PRACTICES SERIES

Startup Shoppimon Ltd., says it is looking to shake things up in Application Performance Management with its first SaaS product built to serve the eCommerce vertical. The solution monitors online store performance by mimicking the experience of its customers, announced it has closed $2.3M in seed funding from participants including, AOL, StageOne Ventures, Explore, and 2B-Angels.

By focusing on a wide range of problems eCommerce sites face, Shoppimon identifies and alerts its users to a gamut of issues that stop their customers from purchasing. The Shoppimon Team says it has found that with traditional monitoring tools an average eCommerce site may be alerted to just over an hour of server downtime in any given week, and assume that this number represents their store's total downtime. However, their actual business downtime (where shoppers are prevented from completing a purchase for many reasons) can be 8x that, resulting in an estimated $55B lost annually across the eCommerce industry.

Additionally, in a field full of highly technical products that require lengthy integrations, Shoppimon says its solution offers businesses a simple to use, no integration necessary alternative.

 (shoppimon.com)