Paloma: Closes $4M Seed Funding Round

Paloma Closes $4M Seed Funding Round

  • Paloma, a NYC-based commerce platform turning Messenger into a sales channel, raised $4M in seed funding
  • The round was led by Laconia Capital Group, with participation from Philip Krim from Casper and David Heath from Bombas
  • The company intends to use the funds to expand operations and its development efforts
  • The company has also launched Instagram Sales Inbox, with Messenger API support for Instagram, to allow businesses to manage and scale their ecommerce experiences with Instagram DMs
  • This new addition enables brands to use Instagram Messaging as a scalable personalized shopping channel
  • Launched in November of 2017, the company has become the leader in Messenger for sales now working with brands
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FTC Seeks Contempt Ruling Against Payment Processor CLIQ

The FTC aims to hold CLIQ accountable for alleged non-compliance.Highlights: FTC files contempt motion against CLIQ for ignoring...

FTC Tightens Control Over Payment Processor Cliq in Contempt Ruling

Federal Trade Commission seeks legal action against Cliq for non-compliance.Highlights: FTC asks court to hold Cliq in contempt...

Portage Takes Over Management of Point72 Ventures’ Fintech Assets

Significant shift in fintech investment strategy announced by Portage.Highlights: Portage Management has taken over Point72's fintech assets.The move...

Portage Takes Over Management of Point72 Fintech Assets, Strengthening Market Position

Portage enhances its portfolio by managing Point72's fintech investments. Highlights:Portage assumes management of Point72's fintech investments. This move...