• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

OPINT

OPINT stands for Operational Intelligence

  • About
  • Sponsored Post
    • Make a Contribution
  • Job Board
  • Contact

Hammoq Raises $3M Seed Financing

June 29, 2021 By admin Leave a Comment

eCommerce platform receives institutional backing from Origin Ventures

PHOENIX – Hammoq, an eCommerce operating system for resellers, today announced that it has closed a $3M financing round led by Origin Ventures with participants including Sierra Ventures, SaaS Ventures, and Silicon Road Ventures.

Hammoq is Shopify for online resellers.
Hammoq solves an acute problem for eCommerce business owners: bloated administrative tasks taking their time and energy away from sourcing and selling. The platform allows resellers to automate repetitive and time-consuming tasks that stifle their growth including auto-listing products, increasing traffic by cross-listing products across platforms, shipping, managing inventory, and beyond. Hundreds of eCommerce resellers use Hammoq to list their products across marketplaces including Amazon, eBay, Poshmark, Facebook Marketplace, Goat, Mercari, StockX, and many more. By automating these kinds of repetitive administrative tasks, Hammoq saves its users an average of 20-30 hours per week while increasing their sales 4x on average.

“As previous top resellers, we know that the best way to make money is getting products online: the more you list, the more you sell,” said Hammoq CEO and co-founder Sid Lunawat. “The time and effort spent listing and managing products, tracking down inventory, and managing P&L eats into throughput – and profits – substantially. We have built Hammoq to automate those repetitive and time-consuming processes, ease the burden on eCommerce resellers, and ultimately help them sell more products. We do it with only a few photos.”

“Hammoq is Shopify for online resellers,” said Prashant Shukla of Origin Ventures, who is joining the company’s Board. “The problems around sourcing, financing, marketing, and pricing for thousands of ‘power resellers’ are real, who have been underserved by eCommerce tools targeted at traditional online merchants. We’re excited to partner with this team as they take on this enormous opportunity around reseller infrastructure.”

“Growth in the reseller market is exploding,” said Hammoq co-founder & former reseller Ty Blunt. “Hammoq will facilitate that growth and enable the next generation of at-home entrepreneurs looking to sell more and sell faster. We are helping our customers power their businesses through their phones. What AirBnb, Uber, and Offerpad do in their markets, we do for resellers. We are selling pickaxes for this modern-day gold rush.”

The Phoenix-based company will use the new funding to expand its team and continue iterating on its product offerings – all with the goal of easing resellers’ lives and facilitating their businesses.

About Hammoq:
Hammoq is an eCommerce platform that allows resellers to spend less time on administrative tasks and more time sourcing and selling. Its software can list and cross-list products across multiple marketplaces in seconds, saving resellers time and money by automating a manual process. Hundreds of eCommerce businesses use Hammoq to streamline operations, automate repetitive tasks, increase product traffic, and earn more by working less. The team is led by machine vision expert Sid Lunawat and resale expert Ty Blunt.

About Origin Ventures:
Origin Ventures is an early-stage venture capital firm founded in 1999 that invests in high-growth technology companies creating software and marketplaces for the “Digital Native Economy.” Origin Ventures was an early investor in Grubhub, Cameo, BacklotCars, Tock, Tovala, 15Five, and other market leaders. The investment team members are all former operators and engineers with an average of 15 years of venture investing experience, with experience at Google, Twitter, SAP and Metromile, among others. Origin’s offices in Chicago and Salt Lake City provide access to opportunities in the U.S. and Canada.

SOURCE Hammoq
https://hammoq.com/

Filed Under: News Tagged With: eCommerce

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

Cloudflare is introducing the concept of the “connectivity cloud”
Robotic Revolution: Japan’s Surging Industrial Robot Market and China’s Dominance
China’s Poaching of Water Technologies from the West: A Serious Concern
Market Scenario of China Banning Exports of Rare Earth Materials and Electric Batteries
Navigating Markets through a 4-Dimensional Research Data Model
A Markov Chain-Based Approach for Forecasting Emerging Technologies: An Extended Analysis
Identifying Resilient Stocks Poised for a Strong Comeback Amidst Economic Recovery

Market Research Media

The Evolution of RSS Feeds: A Media Analyst’s Perspective
AI-Enhanced 4-Dimensional Market Dynamics Analysis: Unveiling Trends, Segmentation, Behavior, and Evolution through Markov Chain Modeling
Autotutoring Market: Personalized Learning and Technological Innovation at the Forefront
Integration of Generative AI and Large Language Models for Enterprises
The Decline of Chinese Media Under Authoritarian Rule: Economic Implications
Algorithmic Bias in Media Recommendation Systems: Unveiling Challenges and Pursuing Fairness
U.S. Federal IT Market Forecast

Secondary Sidebar

Technologies

Cloudflare and Meta Partner to Democratize Access to Llama 2 Open Source Large Language Model (LLM)
Bridging the Semiconductor Workforce Gap: Intel’s Innovative Educational Initiatives
German Government and Bavaria Invest €300M in ams OSRAM Semiconductor Tech
Innovative Ship Concept: Providing Zero-Carbon Nuclear Energy for Defense and Disaster Relief
Linux Foundation Launches OpenTofu: A New Open Source Alternative to Terraform

Venture Capital

UnitX, a robotics company specializing in AI vision systems, secures $5 Million
UserEvidence, a customer voice platform, secured $9 million in Series A funding
Cisco’s $28 Billion Splunk Deal Could Ignite Wave of Software Acquisitions
Techstars and The Ohio State University Partner to Boost Software Startups in Columbus
Atlys Secures $12M to Revolutionize Visa Processing and Travel Experience

Footer

Recent Posts

  • Operational Intelligence: Safeguarding Against Global Security Threats Through Proactive Preparedness
  • Securing Healthcare Supply Chains: Operational Intelligence in the Face of Geopolitical Disruptions
  • Navigating Trade Wars: Leveraging Economic Intelligence for Resilient Business Strategies
  • Navigating Geopolitics in the Era of Technological Evolution: Operational Intelligence as a Strategic Imperative
  • Climate Change and Geopolitical Shifts: Navigating Resource Scarcity, Migration, and Operational Resilience
  • Thriving Amidst Turmoil: Navigating Political Instability in Emerging Markets with Operational Intelligence
  • Navigating Geopolitical Shifts: Strategic Business Expansion in a Complex World
  • Navigating Geopolitical Risks: Strengthening Supply Chains Through Operational Intelligence
  • Digital Geopolitics: Safeguarding Against Cyber Threats in a Complex World
  • The Geopolitics of Energy Security: Navigating Global Energy Markets Amidst Geopolitical Turbulence

Media Partners

  • Exclusive Domains
  • Domain Dossier
  • VC Matters
  • Opinion
  • Press Media Release
  • OSINT
  • Digital Market
  • Briefly

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Defense Market
  • Cybersecurity Events
  • Event Calendar
  • Domain Aftermarkets
  • Domain Market Research
  • S3H
  • VPNW
  • ZGM

Copyright © 2022 OPINT.com

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT