Buywith

Company Overview

Snapshot

Founded in June 2017 by Adi Ronen and Eyal Sinai, Buywith operates with 11–50 employees. The company has raised a total of $10.5 million across 4 funding rounds from 15 investors. In May 2022, Buywith secured a Seed round with igniteXL Ventures as a lead investor.

Business overview

Buywith provides a marketplace platform in the live commerce space, connecting creators with brands to facilitate livestream shopping experiences. Its core technology enables an omni-channel link that allows shoppers to join live events directly on a brand’s website, featuring creators, influencers, and other community members. The platform leverages AI and big-data insights to reduce shopping cart abandonment and increase conversion rates, primarily serving the retail and e-commerce sectors by targeting Gen Z and Millennial shoppers.

Strategic signal

In May 2022, Buywith successfully closed a Seed funding round, signaling continued investor confidence in its live commerce platform and its ability to integrate social shopping experiences directly into brand websites. This investment validates the company's approach to leveraging the creator economy for e-commerce engagement and conversion, particularly among younger demographics.

Company Intelligence Q&A

When was Buywith founded and by whom?

Buywith was founded in June 2017 by Adi Ronen and Eyal Sinai.

What is Buywith's primary business model?

Buywith operates on a B2B2C business model, connecting brands with creators for live commerce experiences that engage consumers.

What significant funding event occurred in May 2022?

In May 2022, Buywith closed a Seed funding round. igniteXL Ventures led this round, with participation from Irani Ventures.

What is Buywith's total capital raised and number of funding rounds?

Buywith has raised a total of $10.5 million across 4 funding rounds from 15 investors.