The Polish SaaS startup Nethansa raised €4 million in an investment round led by Warsaw Equity Group and joined by Movens VC. The company is planning on using the newly infused capital to fund its international expansion and product development. Eyes are on the Danish and Swedish markets.
“The funding we have received in the A round will help us in our European expansion. We are currently working in Poland and Germany. Now, we are looking at entering the markets in the Scandinavian countries and eventually serve entire Europe,” said Sascha Stockem, CEO of Nethansa.
Nethansa is a Saas-based platform that automates the sales processes for eCommerce companies. The startup is on a mission to boost the profits of companies that sell on the largest markets in Europe and help them get the most out of their sales. By listening to the needs of small and medium-sized businesses, the Polish company aims at expanding its product offer with dedicated platform that help to increase margins and streamline logistics.
The AI-powered platform allows clients to: control pricing and maximize profits, streamline logistics, process orders, manage listings and automate processes. Nethensa currently works with near 200 partners who sell internationally. Two of the major ones are Amazon and Kaufland.de. In addition to the eCommerce-assisting platform, Nethansa offers comprehensive account management support for its contractors and serves end customers in six languages.
Founded in 2016, Nethansa currently has over 70 employees and over €20 million in grant money for the company’s development.