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Austin, Texas, July 13, 2021 / PRNewswire / – Gembah, the leading platform and marketplace for consumer product development, announced that $ 11 million Series A financing round led by ATX Venture Partners. Other investors in the round include Silverton Partners, who led the company’s seed round, Flexport, Board injured, Jim Curry, and Dan Graham. The funds raised so far add up to $ 14.4 million.
Gembah’s mission is to democratize product innovation by dramatically lowering the barriers to entry to new product development. By supporting millions of SMBs and first-time product developers, Gembah drives the global shift to e-commerce and helps turn their ideas into differentiated products. Gembah plans to use the new funding to further develop the platform and expand its team and network of partners at home and abroad.
With e-commerce growing more than 30% in the past two years and COVID-19 accelerating the shift to online-only models even further, Gembah is uniquely positioned to empower the global product development market for SMBs and larger retailers. The platform uses machine learning to streamline workflows and eliminate the traditional inefficiencies in the design and manufacture of products.
We believe humans are creators, which sets us apart from all other species on the planet, said Gembah CEO and Co-Founder Henrik Johansson. If creatives are given the opportunity to develop new products better, faster and cheaper than ever before and in a more sustainable way, it will fundamentally positively change the nature of the products put on the market and the environmental impact.
The world’s first end-to-end product innovation platform designed for the age of e-commerce
Gembah is the world’s first end-to-end product innovation platform. It connects customers with expert resources from product development to manufacturing. Gembah dramatically reduces the risk, cost, and time of getting a new product to market. Because entrepreneurs are connected to verified expert resources, successful products can go from concept to reality in just 90 days.
Gembah is a true innovator who will help companies capitalize on the growth of global e-commerce, said Chris Shonk, Managing Director at ATX Venture Partners. The Gembah marketplace promises to free up virtually unlimited entrepreneurial equity by allowing a whole new generation of creators to enter the market.
Developing a product from scratch requires creative decision making, supply chain logistics, strong communication with factories, product management, budgeting and quality control. Without Gembah, our line of products would not have hit the market anytime soon and with the legal protections that help us feel safe in the market, said, Eric Finkelmann, Co-founder of Cali Weights.
About Gembah
Gembah is a product development marketplace that specializes in bringing new products to market at all stages of development. Gembah connects creatives with its global network of designers, engineers and supply chain specialists and monitors production in factories in China, Southeast Asia, Mexico and South America. Based on the belief that humans are natural inventors, the company’s goal is to empower creators and make product development accessible to everyone. Gembah was born in. founded Austin, TX and was 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
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