OUTFINDO
Overview
Outfindo is an e-commerce technology company based in Prague, Czech Republic. Founded in 2020 by Jan Matějů, Ondřej Bouda, Martin Chrz, and Zdenko Zvada, the company focuses on utilizing artificial intelligence to enhance online shopping experiences. Outfindo's flagship product is a guided selling platform designed to improve product selection and customer engagement through AI-driven insights. As of January 2025, the company has raised over €1.2 million in funding to further develop its technology and expand its market presence.
Recent Developments
- January 2025: Outfindo raised €1.2 million in a late-seed funding round led by Eleven Ventures, with participation from Lighthouse Ventures and Borovicka Capital. This investment will support the company's expansion into new markets and product categories, including electronics and home appliances, and enhance its AI capabilities for better customer insights.
- August 2023: The company secured €900,000 in a seed funding round led by Presto Ventures. This funding was aimed at expanding its R&D efforts and launching new product verticals.
- October 2023: Outfindo was recognized as a "Startup of the Day" by AIN Capital, highlighting its innovative approach to guided selling and significant engagement metrics.
- 2024: Outfindo expanded its platform to support 26 product categories across 10 countries. It partnered with major retailers like Cycles UK and Allegria, significantly increasing customer engagement and conversion rates.
- 2025: Outfindo plans to introduce a self-service solution, making its tools accessible to smaller e-commerce retailers, and aims to broaden its reach into sectors such as sports equipment and baby care.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Prague, Czech Republic |
| Founders | Jan Matějů, Ondřej Bouda, Martin Chrz, Zdenko Zvada |
| Revenue | $60.1K as of 2022 |
| Key Investors | Eleven Ventures, Lighthouse Ventures, Borovicka Capital |
| Industry | E-commerce, AI Technology |
| Number of Employees | Less than 50 |
Early History
Outfindo began its journey in 2020, founded by Jan Matějů and his team, leveraging AI technologies to solve challenges faced by e-commerce retailers. Matějů's inspiration came from his personal experience as a professional cyclist, where he realized the difficulty consumers face in selecting complex products online without expert guidance. Together with Ondřej Bouda and Martin Chrz, they developed a solution that could simulate expert advice through AI, thereby simplifying the decision-making process for online shoppers.
Company Profile and Achievements
Outfindo operates as a B2B SaaS provider offering AI-driven shopping guides that integrate with e-commerce platforms. These guides are designed to mimic the experience of consulting with a knowledgeable salesperson, providing personalized product recommendations based on customer behavior analysis.
- Product Launch: The introduction of the Outfindo Product Guide significantly improved partner websites' conversion rates by up to three times and reduced return rates by up to 70%.
- Achievements:
- Expanded from supporting two product categories to 26, across 10 countries
- Secured partnerships with notable retailers such as Cycles UK and Allegria
- Enhanced customer engagement, with up to 72% interaction rates on dedicated guide pages
Current Operations and Market Position
Outfindo continues to strengthen its market position by offering advanced AI-driven solutions that cater to the growing need for personalized online shopping experiences. Its platform supports over 20 product verticals, and the company is actively pursuing opportunities to extend its reach into new sectors and geographic markets. By focusing on AI advancements to deliver deeper insights into customer behavior, Outfindo aims to provide e-commerce retailers with tools that enhance customer satisfaction while increasing sales efficiency.
Outfindo Company Owner
Jan Matějů is the CEO and co-founder of Outfindo. With a background in e-commerce and telecommunications (having worked with Telefónica Germany and other notable companies), Matějů's vision for Outfindo revolves around transforming the e-commerce landscape by making complex product selection intuitive and straightforward through AI.
Outfindo Company Products
Outfindo's primary product is its AI-driven shopping guide system. This tool helps consumers navigate complex product categories by guiding them through a personalized decision-making process. The platform is designed to increase conversion rates and reduce return rates by offering accurate product recommendations based on customer preferences and behavior.
Conclusion
Outfindo has carved a niche for itself in the e-commerce technology sector by focusing on simplifying the shopping process for complex products. By harnessing AI technology, the company provides valuable tools that enhance the consumer shopping experience and drive profitability for online retailers. With continued investments and strategic expansions planned, Outfindo is well-positioned to influence the future of online retail, offering innovative solutions that cater to the evolving demands of digital consumers.