AUSTIN, Texas,
July 13, 2021 /PRNewswire/ -- Gembah, the
leading platform and marketplace for consumer product development,
has announced a $11M Series-A round
of funding led by ATX Venture Partners. Additional investors in the
round include Silverton Partners who led the company's seed round,
Flexport, Brett Hurt, Jim Curry, and Dan
Graham. The total funding raised to date is $14.4M.
Gembah's mission is to democratize product innovation by
drastically lowering barriers to entry for creation of new
products. By enabling millions of SMBs and first-time product
creators, Gembah fuels the global shift to e-commerce and helps
turn their ideas into differentiated products. Gembah plans to use
the new funding for further platform development and to grow its
team and network of partners domestically and overseas.
With more than 30% growth of e-commerce in the past two years,
and COVID-19 further accelerating a shift to online-only models,
Gembah is uniquely positioned to power the global product creation
market for SMBs and larger retailers. The platform leverages
machine learning to optimize workflows and eliminate the
traditional inefficiencies involved in designing and manufacturing
products.
We believe that humans are creators, its what separates us from
all the other species on the planet, said Gembah CEO and Co-founder
Henrik Johansson. When creators are
given the ability to create new products better, faster, and
cheaper than ever before, and in more sustainable ways, it will
fundamentally alter the types of products that are brought to
market, and the impact on the environment in positive ways.
World's First End-to-End Product Innovation Platform Designed
for eCommerce Era
Gembah is the worlds first end-to-end product innovation
platform. It connects customers to expert resources from product
creation all the way through manufacturing.Gembah dramatically
reduces the risk, cost, and time to bring a new product to market.
Because entrepreneurs are connected to vetted, expert resources,
successful products can go from concept to reality in as little as
90 days.
Gembah is a true innovator poised to help businesses capitalize
on the growth of global eCommerce, said Chris Shonk, Managing Director at ATX Venture
Partners. The Gembah marketplace promises to unlock virtually
unlimited entrepreneurial equity by enabling a whole new breed of
creators to enter the market.
Creating a product from scratch involves creative
decision-making, supply chain logistics,strong communication with
factories, product management, budgeting, and quality control.
Without Gembah, our product line would not have gone to market as
quickly as it did and with the legal protections that help us feel
secure in the marketplace, said Eric
Finkelman, co-founder of Cali Weights.
About Gembah
Gembah is a product development
marketplace specializing in bringing new products to market through
all stages of development. Gembah connects creators with its global
network of designers, engineers, and supply chain specialists and
oversees production at factories in China, Southeast Asia, Mexico,and
South America. Founded on the
belief that humans are natural inventors, the company's goal is to
empower creators and make product development accessible to anyone.
Gembah was established in 2018 in Austin,
TX and has been featured in Forbes and
Entrepreneur. To learn more, visit Gembah.com, or find
us on Twitter, Instagram, Facebook,
or YouTube.
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SOURCE Gembah