Volta, a Shopify for B2B transactions, raises biggest pre-seed round of Italy
Nov 29, 2024
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A startup named Volta is revolutionizing B2B sales with a new platform similar to Shopify, focusing on European markets. Recently securing a €6 million pre-seed round, the team is eager to innovate catalog management and streamline transactions. The conversation highlights the founders' motivations and the significance of their ambitious funding. Listeners will be intrigued by the potential impact of Volta on the B2B landscape!
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Quick takeaways
Volta aims to modernize B2B sales by providing a software-as-a-service platform that simplifies catalog management while integrating with existing systems.
The startup’s record-breaking €6 million pre-seed funding reflects investor confidence in its potential to revolutionize outdated B2B transaction methods.
Deep dives
Volta's Innovative B2B Platform
Volta is developing a vertical software-as-a-service platform designed specifically for B2B sales, aiming to streamline the catalog management process for midsize wholesale and distribution companies in Europe. Unlike Shopify, which caters to B2C transactions, Volta targets the unique needs of B2B operations that still rely on outdated methods like paper catalogs and manual order processing. By allowing companies to upload existing catalogs and manage them through a user-friendly interface, Volta enhances efficiency during client interactions and negotiations. Furthermore, it integrates seamlessly with existing enterprise resource planning systems, ensuring that pricing and inventory data remain synchronized throughout the transaction process.
Founders and Funding Success
Volta has successfully raised a pre-seed round of 6 million euros, setting a record for an Italian startup at this funding stage, thanks in part to the experience of its founding team. Co-founders Paul Gumin and Mario Partelli bring a wealth of knowledge from their previous ventures, with Gumin having previously founded a transport startup and Partelli holding extensive experience in the tech industry. This backing from a range of notable investors, including Emblem, Robin Capital, and established venture capital firms, indicates strong confidence in Volta's potential. The founders envision future enhancements to the platform, such as logistics integrations and financing options, which could drive broader adoption among businesses looking to modernize their B2B processes.
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Revamping B2B Sales with Innovative Catalog Management
Volta, a new startup with a team split between two headquarters in Milan and Paris, has secured a €6 million pre-seed round ($6.3 million) to develop a new vertical software-as-a-service platform focused on B2B sales. In more practical terms, the Volta team pitches its product as an equivalent to Shopify but focused on B2B transactions.