Foundational

Today we’re thrilled to share that we’ve raised a $12M Series A to accelerate our mission: helping consumer brands maximize ad performance, customer acquisition, and retention with AI-powered data intelligence. Over the last two years since we’ve been in market, we’ve served high-growth brands including Hint Inc., mindbodygreen.com, JOE & THE JUICE, and Venus et Fleur. Since launching in May 2022, we’ve achieved over 400% revenue growth and increased our proprietary network of B2C connections to over 12,000. We founded Proxima to help brands scale their marketing efficiently with data-driven solutions. When we talk to marketers, it’s clear there’s a need for access to greater datasets and the tools necessary to make sense of that data to help inform growth strategies. Brands alone simply don’t have access to the volume of data or the data science teams needed to propel their growth strategy and combat the challenges of rising acquisition costs, platform algorithm changes, and diminished targeting capabilities. Proxima is the first and only platform to solve this problem at scale. Proxima’s ever-expanding data universe provides rich insights from over 65 million unique, anonymized shopper personas. With our predictive AI algorithms and access to a vast data pool, Proxima empowers brands to unlock deep, actionable insights and superior targeting. Our suite of offerings enables businesses to scale paid media efficiently across advertising platforms (including Meta, Google & TikTok) with AI Audiences, improve retention and customer lifetime value with predictive intelligence, and gain tactical insights with industry benchmarks. Notable to us is that we’re partnering with Omar Hamoui at Mucker Capital who led the round. Other investors in the round include AGLAÉ VENTURES (family office of LVMH founder), Great Oaks Venture Capital, Data Point Capital, Broadway Venture Partners, FirstLook Partners, and Connexa Capital. We’re incredibly grateful to have their support. This investment will allow us to evolve our platform to continue helping brands execute marketing strategies with unparalleled performance and be exceptional partners to our customers for many years to come. If you’re a business looking to scale your marketing profitably, reach out to us to learn more about how we can help! https://lnkd.in/gvjybQ-D