Lithuanian B2B marketplace Eany.io has acquired Mentum.ai, a Lithuanian product listing automation platform. As part of the deal, Mentum.ai founders have joined Eany.io's product team.
Acquisition details
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Eany.io is enhancing its platform by integrating Mentum.ai, offering clients seamless access to a reliable product supply from over 280 suppliers across Europe.
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This integration significantly reduces manual effort by providing fully prepared product cards with accurate descriptions and specifications.
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With a database of more than 1.8 million unique products across electronics, household, and DIY categories, Eany.io leverages Mentum.ai’s technology to automatically generate precise product descriptions, detailed specifications, and effective categorization.
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Mentum.ai’s solution, previously available only to the largest global market players, enables online retailers to streamline product data management and enhance the overall shopping experience.
"By integrating the Mentum.ai team and their solution into our platform… This step allows us to enter a new era of business, where the synergy between two innovative solutions means that 1+1 becomes 3," said Eany.io, CEO Mindaugas Apanavičius.
About Mentum.ai and Eany.io
Mentum.ai is a Lithuanian startup founded by Povilas Skrebutėnas and Mangirdas Adomaitis developing a platform that focuses on automating and enhancing e-commerce product content. The platform is designed to provide detailed product specifications and other vital content quickly and efficiently.
Eany.io is a B2B commerce platform which aims to simplify transactions and provide wider access to products for businesses across Europe. Its co-founders are Mindaugas Apanavičius, Artūras Petkauskas, Kęstutis Ramoskevičius, Antanas Kaselis — long-time employees of UAB Sominis Technology and DistIT AB.
In August 2024, Eany.io secured €2 million for its seed funding round from Market One Capital and Practica Capital.
