TheNextLevel Secures Pre-Seed Funding for Growth
TheNextLevel, a promising mobile commerce startup based in Manchester, UK, has successfully raised a pre-seed funding round aimed at bolstering its operations and expanding its offerings. While the exact amount of the funding deal remains undisclosed, the support from notable investors highlights the excitement surrounding the company. DSW Ventures, which serves as the venture capital investment arm of DSW Capital, led this round of funding, emphasizing their commitment to fostering innovative businesses in the mobile commerce landscape. Notable figures also joined the effort, including Richard Hong, the co-founder of the e-commerce personal care brand, Pangaea Holdings, and the technology and logistics platform, OpenBorder.
In addition to the financial backing, Elizabeth Gooch MBE, a distinguished non-executive and angel investor, has stepped into the role of Chair on TheNextLevel's board.
With her extensive experience and insight in the sector, her leadership is expected to guide the startup towards achieving its ambitious product development goals and market expansion plans. The funds raised will be utilized to enhance various aspects of the platform, focusing on creating valuable features that assist online brands in cultivating stronger relationships with their communities and customers.
TheNextLevel was founded by visionaries Paul Rawlings and Ionut Vasiliu, who are passionate about providing a unique solution that enables online brands to not only create mobile storefronts but also build vibrant communities around them. By offering brands such as Oscar Piastri the tools to engage their audiences more personally, TheNextLevel aims to enhance customer loyalty and drive sustainable growth in an ever-evolving digital marketplace. Additionally, the company plans to advance its partner portal, which empowers e-commerce agencies to generate revenue through sales opportunities while assisting brands in seamlessly onboarding onto the platform.
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