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3 Latest Announced Rounds

$1,325.73M Raised in 74 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Proxima

start up
United States - New York, NY
  • 03/04/2024
  • Series A
  • $12,000,000

Helping eCommerce brands scale their business profitably and maximize marketing efficiency.

We use machine learning and predictive data intelligence to drive incremental growth and unlock critical business insights.

WE'RE FOR BRANDS LOOKING TO SCALE
We help brands get the most out of their paid marketing efforts so they can scale ad spend without efficiency loss. Proxima's predictive intelligence tools lower acquisition costs and increase customer LTV.

GET STARTED
Book a call with our team here: https://www.proxima.ai/demo

GOT QUESTIONS?
Drop us a message here: hello@proxima.ai


Related People

Alex SongFounder

Alex Song United States - New York, New York

Before starting Proxima, I founded 3 DTC brands – one that I exited, one I had to shut down, and one that's still thriving.

Like any DTC founder, I've been impacted by recent changes in the digital marketing landscape that have made scaling a digital brand harder than it’s ever been.

Between the increased price of Meta advertising and over 70% of iOs users opting out of app tracking, customer acquisition costs have skyrocketed 50% – and VC capital for consumer brands is harder to come by than ever.

I started Proxima AI because I needed a solution to my own pain. When it worked, I started sharing it with other founders in my network. And it grew from there.

The biggest challenges for digital brands in 2023:

-It's much harder to determine your ideal customer.
-Companies are acquiring customers but ultimately failing to scale profitably.
-Investors need positive cashflow or, at a minimum, a clear path to profitability before taking a chance on new digital brands.

The strategies that *won’t* fix this:

❌Using insufficient data to drive effective targeting.
❌Waiting for media platforms to provide you with the insights you need to scale today.
❌The “spray and pray” approach to advertising – wasting money on a “test and fail” cycle.

Proxima leverages anonymized first-party data and more than 60 million unique shopper personas from a network of 13,000 brands to reach new customers, lower acquisition costs, and increase ROI on ad spend.

Proxima's audience targeting technology will help you to:

✅Improve profitability
✅Acquire customers more efficiently
✅Scale customer acquisition spend *meaningfully*

Our clients have seen averages of over 1.5x scale in prospecting spend within 30 days *while* improving CPA by 26% and ROAS by 31% – providing significant incrementality and reducing the diminishing returns that come with increased marketing spend.

We’re currently seeing the most challenging conditions as an industry since DTC first emerged as a business model.

Digital brands need to adapt to survive in this new ecosystem.

Proxima gives you the edge to do more than just survive –

We're giving you the tools to thrive.

Book a free demo today.