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MassGenie logo — SaaS & AI ecommerce solutions for brands and retailers

MassGenie

SaaS & AI ecommerce solutions for brands and retailers

Founded 2016 United States Irvine, United States 40 employees Seed E-Commerce, Marketplaces +1

General Information

Company Name MassGenie
Founded Year 2016
Location United States Irvine, United States +1
Employees 40
Industries E-Commerce, Marketplaces, Social Media
Funding Stage Seed
Social

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About MassGenie

MassGenie is an innovative e-commerce marketplace founded in 2016, headquartered in the United States. The company's slogan, "SaaS & AI ecommerce solutions for brands and retailers," reflects its focus on providing unique shopping experiences. MassGenie is not just a typical marketplace; it is a platform designed to bring people together, allowing them to discover products, engage in online communities, and share stories about common interests. The company's unique feature, "Power Deals," empowers buyers to influence prices through social shopping driven by social media. MassGenie stands out in the e-commerce industry due to its community engagement approach, where enthusiasts not only shop but also interact with peers in forums, creating a memorable and exciting shopping experience. The platform is particularly appealing to millennials, as it offers a more engaging and social buying experience. In addition, MassGenie is the only marketplace where buyers can initiate a deal, giving them the power to influence prices and share their demand through social media, while also earning points on the marketplace. For sellers, MassGenie provides the flexibility to market to their own customers and even non-customers, with an easy-to-use seller portal. Sellers can leverage the power of crowdsourcing and participate in a gamification marketplace where multiple sellers compete to fulfill volume deals by lowering their prices. This innovative approach injects unpredictability into the pricing strategy, creating opportunities for repeated wins for both buyers and sellers. The latest investment in MassGenie was a Seed Round investment on 04 January 2019, with SV FRONTIER as the investor. This investment reflects the recognition and potential of MassGenie's unique approach to e-commerce and its ability to create an engaging and collaborative shopping experience. With its innovative model and recent investment, MassGenie is poised for further growth and success in the e-commerce industry.

Taxonomy: Ecommerce, Marketplace, Social Shopping, Crowdsourcing, Community, Electronics, Home Goods, Fashion, Beauty, Automotive, Health, Startup

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 1
Investor
04 Jan 2019

MassGenie Alternatives & Competitors

MassGenie vs
Poshmark
Poshmark United States

Poshmark is a leading fashion resale marketplace powered by a vibrant, highly engaged community of b...

Series Unknown
2917 employees
E-Commerce, Fashion
Compare MassGenie vs Poshmark

FAQ About MassGenie

SaaS & AI ecommerce solutions for brands and retailers
MassGenie was founded in 2016.
MassGenie is headquartered in Irvine, United States.
MassGenie operates in the following industries: E-Commerce, Marketplaces, Social Media.
MassGenie has approximately 40 employees.
MassGenie has completed 1 funding round. The latest funding stage is Seed.
Top alternatives and competitors to MassGenie include Poshmark. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
MassGenie and Poshmark are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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