Paris, [June 10], 2024 - We are delighted to announce a major step forward in Webyn's development.
We have successfully raised 1.2 million euros from Tomcat Capital, Sphere Ventures, Sharpstone Capital and a number of influential business angels in our sector. This round of funding will enable us to perfect our machine learning models and accelerate our growth, both in France and internationally, with the aim of becoming a key leader in the online conversion optimization market.
Since our founding by Vincent Oliveira and Alexandre Farhat in 2023, Webyn has rapidly proven itself thanks to our all-in-one solution that combines advanced analysis of online user behavior. Our technology automatically generates enhancements and personalizations, directly boosting sales by improving conversion rates and reducing operational costs. Using artificial intelligence, we automate a complex and time-consuming process, optimizing every user interaction. As Alexandre, our co-founder and COO, points out, “Current tools on the market are often complex and costly to integrate, not to mention the need for a dedicated team to operate them. Webyn simplifies this process and makes it much more efficient, thus directly addressing the main challenges faced by our customers”.
Our solution is designed to be accessible and efficient, enabling our customers to concentrate on their core business.
In just a few months, we have won over 45 customers in 4 countries, operating in a variety of sectors including e-commerce, food, training, travel and services. Our customers have seen an average increase in conversions of +30% thanks to our tool. What's more, the time required to propose, implement and validate an enhancement has been divided by 10 compared with competing solutions. As Amandine Poulin, Head of Growth at lePERMISLIBRE, a Webyn customer since last October, explains: “With Webyn, not only have we optimized our performance on the platform, but we've also established a real test & learn mindset within our teams. Every day, they help us push back the boundaries of conversion.”
This new funding, backed by investors convinced of our ability to revolutionize online conversion, will enable us to expand our team and increase our presence on the international market. We will also continue to refine our own machine learning models, which will significantly enhance our platform by increasing the relevance of personalization and accuracy of interactions through AI, while offering more advanced customer analytics.
We look forward to seeing where this new phase of growth will take us, and thank our investors and customers for their trust and continued support. Together, we're pushing the boundaries of what's possible in online conversion optimization.
Vincent Oliveira and Alexandre Farhat