Seed Funds for Behavior Analyst Convizit

In Israel, product and user journey behavior analyst Convizit has closed a $5m seed round of funding, which will be used to double the size of its team, accelerate product research and development, and launch sales and marketing initiatives.

Convizit has locations in Tel Aviv and Jerusalem, and used AI-based technology to help product and marketing teams unlock insights from their user behavior data. They aim to ensure every user action on every web page is captured, named and enriched with context detail, to help e-retailers improve the user experience and business performance of their web sites.

New funding has been led by Pitango Venture Capital, with the participation of earlier investor Jumpspeed Ventures; and Gad Huldai, Partner at Pitango's Early Stage fund, has joined Convizit's Board of directors. Daniel Bashari (pictured), Convizit's CEO and co-founder, comments: 'Gad Huldai and the rest of Pitango's excellent early-stage team have already proven to be extremely valuable partners, and we look forward to a long and rewarding relationship working with them and with our initial investor, Ben Wiener of Jumpspeed Ventures'.

Web site: www.convizit.com .