7Learnings Secures €10 Million in Series B Funding
7Learnings, a retail optimization company powered by AI, has raised a successful Series B round of €10 million ($11 million) to fuel its predictive pricing and optimization offerings, with a specific emphasis on growing in North America.
Acton Capital led the funding round with a solid reputation for backing ventures such as Etsy, mytheresa, and Clio. High-Tech Gründerfonds (HTGF), one of the longstanding investors in 7Learnings, also took part in the latest round as it reinforced its belief in the company's future direction.
Expanding International Reach
The newly secured funds will be used to scale 7Learnings’ AI solutions and extend its global presence. 7Learnings’ CEO and co-founder, Felix Hoffmann, pointed out the increasing importance of AI-powered decision intelligence in retail today.
In light of the difficulties in the retail sector, including trade volatility and supply chain interference, Hoffmann underscored that the company's technology is more crucial today than ever before in assisting retailers with these problems. The funding will enable 7Learnings to introduce its technology to more retailers, with much of the effort being targeted towards North America.
Also read: Malaysia’s Krenovator Secures Seed Funding to Scale AI-Powered Tech Talent Platform
AI Solutions Transforming Retail
7Learnings, founded in 2019 by Felix Hoffmann, Eiko van Hettinga, and Martin Nowak, offers an AI platform designed to optimize pricing for B2C companies. The platform’s capabilities allow businesses to predict pricing outcomes, set optimal prices, and drastically reduce the time spent on manual pricing decisions.
The platform’s predictive tools also improve marketing strategies, streamline product ordering processes, and maximize profitability across the retail value chain. Several major retailers, such as Westwing, Bonprix, Tom Tailor, Tamaris, and DK Company, have reported significant profit increases of over 10% after implementing 7Learnings' solutions.
Looking Ahead
Acton Capital’s Sebastian Wossagk emphasized the critical role of pricing in e-commerce profitability and expressed strong support for 7Learnings’ international expansion plans. The company’s advanced AI technology is positioned to help businesses across the globe optimize pricing strategies and drive profitability.
The funds raised in this round will enable 7Learnings to further scale its solutions, allowing it to support more retailers worldwide, especially in North America, as the company continues to grow and make its mark on the global retail landscape.
