Product Fruits funding news – Prague-based Product Fruits Raises €1.5 Million in Funding
May 29, 2024 | By Team SR
Product Fruits, a leading AI-driven digital adoption platform (DAP), raises €1.5 million in funding in just under a year.
SUMMARY
- Product Fruits, a leading AI-driven digital adoption platform (DAP), raises €1.5 million in funding.
- Product Fruits, Create a stunning product onboarding experience with just a few clicks.
Reflex Capital participates to the latest funding round. This latest investment round follows Product Fruits' impressive four-fold yearly growth and rise to prominence in the market.
Ladislav Salom, co-founder of Product Fruits, said: “Product Fruits is actively harnessing the game-changing power of AI for digital adoption solutions, and we’re doing it in a way that isn’t just for show. This funding round will make it possible for us to see the project through. Considering the downturn in funding across the tech industry, we also take this as a heartening endorsement of the success we’ve already had and the promise we’re demonstrating.”
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Product managers frequently find it difficult to provide engaging content and efficient onboarding and engagement routines that aren't boring to read. It can help with that. It functions as an integrated layer within a website or app and has the ability to automatically design user onboarding sequences that are extremely adjustable.
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It enables the integration of product walkthroughs, support buttons, feedback widgets, knowledge databases, and more - all without coding - regardless of the browser or developer framework.
But Product Fruits' AI-powered DAP, which creates optimised in-app workflows based on user behaviour insights, is the show's rising star. It's a product that customers can purchase right now, not just a plan or a pipe dream. It's also not an AI integration done just for marketing purposes, as is frequently the case with the widespread adoption of AI-based tools and products in the larger IT industry.
Roman Horacek, Partner at Reflex Capital, added: “We are thrilled to support Product Fruits in their journey. Their innovative use of AI aligns perfectly with our investment strategy, and we are confident in their ability to redefine the digital adoption landscape through AI-driven solutions.”
The main sources of revenue for Product Fruits have been identified as SMEs and enterprise clients in the U.S. market, with the European market following closely behind. The company intends to employ at least 10 more people after the most recent fundraising round, in addition to sponsoring AI development. It has signed over a thousand clients, including Mango, Rakuten, and Sanofi. The company is seeing notable growth in all areas of its operations.
About Product Fruits
Product Fruits, Create a stunning product onboarding experience with just a few clicks. It covers your online or app like an imperceptible layer. It lets you design user onboarding processes without knowing any code.