PrettyDamnQuick Secures $25 Million Series A Funding for E-commerce Growth
New York, Thursday, 9 January 2025.
PrettyDamnQuick raises $25 million from Peakspan Capital to enhance its personalized checkout and shipping platform, boosting e-commerce efficiency and brand growth.
Funding Details and Company Overview
PrettyDamnQuick (PDQ) has successfully secured $25 million in Series A funding, with the round being led by PeakSpan Capital and including participation from TLV Partners and Moneta [1]. Since its founding in 2021, PDQ has demonstrated significant growth, having raised a total of $38 million since its inception [1]. The platform has already proven its effectiveness, processing over $4 billion in annualized gross merchandise volume [1].
Platform Capabilities and Market Impact
The company’s platform serves mid-sized e-commerce brands by providing comprehensive checkout optimization and delivery management solutions [1]. PDQ’s technology integrates with major e-commerce platforms including Shopify, Salesforce Commerce Cloud, and Adobe Commerce [1]. Looking ahead, the company projects ambitious growth, with expectations to process 300 million orders by the end of 2025 [1].
Strategic Vision and Investment Impact
According to Avi Moskowitz, Co-founder and CEO of PDQ, the company was established with the vision of leveraging data from every customer touchpoint to enhance the checkout-to-door experience [1]. The fresh capital will be directed towards expanding market presence and developing an advanced checkout and shipping personalization engine [1]. Jack Freeman, Partner at PeakSpan Capital, notes that brands utilizing PDQ’s platform have seen improvements in average order values, checkout conversions, and customer repurchase rates [1].
Investment Leadership
The funding round is particularly significant given the backing of PeakSpan Capital, a prominent investment firm based in New York City and San Mateo, managing over $1.5 billion in assets [1]. Their involvement underscores the potential they see in PDQ’s approach to solving e-commerce challenges, particularly in making sophisticated checkout optimization accessible to a broader range of online merchants [1].