Stackfix, a London-based startup revolutionizing software selection with AI, has raised €2.8 million ($3 million USD) in seed funding.
The round was led by Chalfen Ventures, with support from Seedcamp, helloworld, and prominent angel investors, including Paul Forster (Indeed.com), Mehdi Ghissassi (DeepMind), and Alice Bentinck (Entrepreneur First).
Advertisement
Simplifying Software Selection with AI
Founded in 2023 by Paddy Stobbs and Camin McCluskey, Stackfix provides an AI-driven platform that analyzes real-time data on pricing, features, and performance to help businesses choose the right tools. The platform delivers:
- Accurate comparisons: A real-time database of software options tailored to individual business needs.
- Streamlined purchasing: Automation of decision-making for faster and smarter software buying.
Companies across North America and Europe, including ElevenLabs and Synthesia, have spent over $500,000 through the firms’ private beta, incorporating it into their purchasing processes.
Paddy Stobbs, Co-Founder and CEO, stated: “The explosion of AI-driven products has made software selection increasingly complex. Stackfix simplifies the process, offering speed, accuracy, and actionable insights for businesses worldwide.”
Backing from Chalfen Ventures
Mike Chalfen, General Partner at Chalfen Ventures, highlighted Stackfix’s market potential: “With software demand surging, the company provides an essential solution for businesses overwhelmed by choices. Paddy and Camin are building a platform that will become the go-to marketplace for B2B software.”
Future Plans
The funding will support the enhancement of the startups’ AI technology and global expansion, positioning the company as a leader in software selection.
With its innovative approach to B2B software comparison, Stackfix is set to redefine how businesses discover and adopt the tools they need to thrive.
