Axeleo leads €1.2m seed round for DataHawk

The company intends to use the fresh financing to invest in marketing and communication, and accelerate its development, targeting 1,000 paying subscribers by 2020. Datahawk also plans to strengthen its presence in Europe and to scale up its team.

Axeleo is currently investing via its Axeleo Capital I fund, which held a final close on €45m in March 2019. The vehicle invests tickets in the €600,000-3m range from seed to series-A rounds, targeting European tech startups.

Company
Established in 2019, Paris-headquartered DataHawk offers a data analysis platform to help e-merchants grow on Amazon. The startup has developed an algorithm capable of collecting and analysing more than 40,000 words daily on 2.6 million products. In addition to monitoring, the tool also helps sellers optimise their performance, allowing them to compare themselves and their performance with the competition.

The platform is aimed at e-retailers in Europe and the US generating an average annual business volume of one million dollars or euros, selling a minimum of 10 products on Amazon as independent brands or resellers.

According to the company, in less than a year of marketing Datahawk has already convinced 130 customers to sign up for its service, including international brands like PharmaPacks, Pfizer, and L'Oreal.

People
DataHawk – Othmane Sghir (CEO, co-founder).

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