Stackfix funding news – London-based Stackfix has Secured $3Million in Seed Funding
Dec 4, 2024 | By Kailee Rainse
Stackfix, an AI-powered software comparison platform, has raised $3M in Seed funding led by Chalfen Ventures, with support from Seedcamp and helloworld.
SUMMARY
- Stackfix, an AI-powered software comparison platform, has raised $3M in Seed funding led by Chalfen Ventures, with support from Seedcamp and helloworld.
- Stackfix, founded in 2023 by Paddy Stobbs and Camin McCluskey, is creating a software comparison platform that uses AI to evaluate software products.
Notable angel investors like Paul Forster (Founder of Indeed.com), Mehdi Ghissassi (Head of Product at DeepMind), Matt Clifford (Chair of Entrepreneur First and ARIA), Alice Bentinck (Co-Founder of Entrepreneur First), and Charlie Delingpole (Founder of ComplyAdvantage) also participated in the round.
Funding Utilisation
The funding will help it enhance its AI technology and expand its comparison platform globally.
Paddy Stobbs, Co-Founder and CEO of Stackfix says, “The software market is at a tipping point. AI has enabled an explosion of new products, but the tools to help businesses choose the right software haven’t kept up. Stackfix is changing that with an AI-powered, real-time solution that makes software buying faster, simpler, and more accurate. We’re thrilled to have the backing of such incredible investors as we work to build the ultimate software comparison platform.”
Chalfen Ventures is Mike Chalfen’s venture capital firm. It invests in unique, software-driven businesses with the potential to grow and lead in new or niche markets.
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In addition to his early investments in successful companies like Illumio, King.com, Snyk, and Tipalti, Mike has also supported rising startups such as Bridebook, Crossbeam, General Index, Lokalise, and Tray.ai, among many others.
Mike Chalfen, General Partner at Chalfen Ventures, says, “The Stackfix team is addressing a huge opportunity. Software is exploding. Every business wants to buy more tools but does not have the time or information to choose the best products for them. Stackfix solves this—using AI to guide teams to the best options with speed and precision. The Stackfix team is addressing a massive opportunity, and Paddy and Camin are incredibly hard-working, principled, and ambitious. I am proud to support them in building the go-to marketplace for B2B software.”
About Stackfix
Stackfix, founded in 2023 by Paddy Stobbs and Camin McCluskey, is creating a software comparison platform that uses AI to evaluate software products. The platform gathers real-time data on pricing, features, and performance, helping business buyers make accurate comparisons and receive personalized recommendations.