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Ecommerce Innovator Spresso Secures Initial Series A Funding Led by Funds and Accounts Managed by BlackRockSpresso, a leading provider of AI-powered solutions for ecommerce businesses, today announced an initial Series A investment from funds and accounts managed by BlackRock ("BlackRock"). This investment will help accelerate the company's global expansion, empowering businesses with a comprehensive suite of data-driven tools to optimize growth, profitability, and operations. "BlackRock's investment signifies their continued confidence in our vision," said Jared Yaman, CEO of Spresso. "As seasoned tech and retail operators, we understand the industry's challenges firsthand. Our interconnected solutions create a flywheel of intelligent pricing, streamlined operations on our commerce platform, and unparalleled insights from spend management analytics - all powered by AI and machine learning." Spresso's comprehensive portfolio offers:
"Southeast Asia is a highly competitive market, and Spresso's solutions have been instrumental in streamlining our ecommerce operations and giving us a strong, competitive edge," said AEON CO. (M) BHD. Managing Director Naoya Okada, at AEON. "Their deep understanding of the region and commitment to innovation make them a trusted and valued partner." "Spresso's unique background positions them to solve critical pain points for modern businesses," said John Doyle, Managing Director on BlackRock's Global Credit Platform. "We are excited to continue to support the company's growth through this investment." BlackRock first made a strategic investment in Spresso in May 2023. About Spresso Spresso is a leading provider of AI-powered solutions that empower businesses to optimize pricing, streamline operations, and drive growth in a dynamic ecommerce landscape. Founded by tech and retail operators, Spresso's portfolio includes pricing intelligence, a commerce suite, and spend management analytics. For additional information, visit www.spresso.com.
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