Product Fruits, a Prague-based provider of an AI-driven digital adoption platform, has announced to AIN the closure of its second €1.47 million round, after its fourfold year-over-year growth and market prominence. Reflex Capital led this round.
About Product Fruits
- Launched in 2019 by Karel Papik and Ladislav Salom, Product Fruits provides a Digital Adoption Platform (DAP) that provides a no-code interface and easy integrations for creating seamless product onboarding processes. The startup has signed up nearly 1000 customers, including Sanof, Rakuten, and Mango.
Karel Papic and Ladislav Salom, co-founders
- Product Fruit’s team claim that its Digital Adoption Platform has enjoyed accelerated 4x growth over the last year. Now it focuses on automatically building workflows and determining customer conversion likelihood. Additionally, in March 2023, the startup raised an €1.6 million in seed round, bringing its total funding to €3.1 million.
Product Fruits is actively harnessing the game-changing power of AI for digital adoption solutions, and we’re doing it in a way that isn’t just for show. This funding round will make it possible for us to see the project through. Considering the downturn in funding across the tech industry, we also take this as a heartening endorsement of the success we’ve already had and the promise we’re demonstrating,
Ladislav Salom, co-founder of Product Fruits, said.
Reflex Capital, a Prague-based early-stage venture capital fund, led the current investment. It is the only investor in the round. Product Fruits will use the fresh funding to accelerate the developmentof its AI-driven digital adoption platform, to grow its staff by no fewer than ten people, and expand into European and US markets.
