Polish investment firm Xevin Investments, our sponsor, tells us that they have joined with Protos VC to invest approximately 118K Euro in online shop builder Shoplo.com. This is the second round for Shoplo, with the first round involving an undisclosed amount of funding from private investors connected to Goldenline.pl and Niania.pl (which are both included in the Protos portfolio). Shoplo was created last year by 2 former Goldenline employees, Patryk Pawlikowski and Grzegorz Lech, and currently has 150 paying customers.
The service was established to offers prospective business-owners a medium for creating their own online stores. Although this crowded market is dominated by players like Shopify.com or existing website ecommerce widget Ecwid, Patryk Pawlikowski believed that the firm could find success by creating the prettiest, most intuitive and simple system for setting up an e-store. The service is available for as low as 12 Euro per month and allows users to create stories in nearly any category, the most popular being fashion and design.
With this new funding, Shoplo will move to grow internationally, expand marketing efforts, and strengthen the product department. They already maintain versions of their website in Polish, English, and Portuguese, with Brazil representing their main foreign market. According to Marek Rusiecki of Xevin, a repeating Shoplo’s Polish popularity in Brazil might open the door to the possibility of further international expansion.
