FinTechFunding

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
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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.

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