"Uvodo" received a 500,000 AZN investment
"Uvodo," a resident of the "INNOLAND" Incubation and Acceleration Center of the President of the Republic of Azerbaijan's State Agency for Citizen Service and Social Innovations, has received a 500,000 manat investment.
"Khazar Venture" angel investors led Uvodo's pre-seed investment round. In general, Azerbaijan MBA Club Investors and co-founders participated in the investment, which totaled half a million manats (US$ 300,000).
According to Startup.az, "Uvodo" is an e-commerce development platform designed for digital agencies and e-commerce engineers to improve workflow and programming speed. Customization, data sharing with third-party services, technical support, and optimization are all expensive aspects of the project.
The startup's goal is to help software engineers accelerate the retail-to-e-commerce transition and make Uvodo the first choice among e-commerce building platforms for engineers.
The team's current focus is on accelerating product development from Beta to Alpha. With the investment, the team will improve Uvodo's core functions and provide international payment solutions, shipping services, and conversion tools, among other things, that e-commerce businesses require directly from them. will acquire such characteristics.
The founders of "Uvodo" created and successfully sold the startup "Nextsale" as their next project. Nextsale, an INNOLAND graduate resident, is e-commerce store optimization software that converts website visitors into real customers. Silversmith Capital Partners, based in Boston, purchased the entire startup.