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Pickzen’s deadline was May 1, 2022

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Pickzen

The no-code guided selling platform
Latinx Founders Immigrant Founders SaaS B2B Information Technology Software
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$186,505
Raised
429
Investors
Successfully funded and closed on May 1, 2022.
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Pitch Updates 11 Reviews 65
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Closed on May 1, 2022. Information may not be up-to-date. Campaign closed on May 1, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
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Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Pickzen, Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Pickzen Crowd SAFE Pickzen Form C.pdf
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Hear from some of the 429 people reserved or invested in Pickzen


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Highlights


Bootstrapped
High traction without any outside capital
  • B2B SaaS that starts at $5K ACV (annual contract value)
  • No-code visual editor, design system, and rules engine
  • Incubated by Google for Startups
  • Backed by former Chief Executive Officer of BBVA
  • Millions of engaged users - decreases time to checkout and drives sales
  • Featured D2C clients include Jane Iredale, Supergoop!, Hungry Bark, & Nuun
  • 10x YOY (year-over-year) revenue growth from 2019 to 2020

Problem


When an enterprise decides to implement a solution to personalize the customer journey experience, they typically turn to their developers or a digital marketing agency. Building a customized solution can take months. In addition to development time, the enterprise also has to also account for future maintenance, implementation of new requirements, and adaptations to policy or regulatory changes.

It’s rare that an IT project is delivered on-time or on-budget. The majority of waste comes from projects that don’t deliver value and oftentimes the client doesn’t know what they want until after production. They inevitably require changes and updates when the final result isn’t what was originally envisioned.

Most developers maintain a healthy skepticism about no-code. The main concern is the thought that no-code limits development scope, or simply that they may not be able to implement future requirements. With Pickzen, developers have full control over the build process, with a no-code visual design-system for the front-end and a no-code rules engine on the back-end.

Solution


A No-Code Platform that makes developers lives easier

Pickzen makes personalizing the customer journey experience a delightful task. With our no-code platform, you can create any type of experience in days, if not hours - instead of weeks or months. We empower developers with the tools to build the recommendation engine of their dreams, from a simple decision tree to the more complex and detailed business rules.  Brands and retailers gain the ability to personalize each step of the customer journey - from start to cart.

Seamless Collaboration Between Teams

At Pickzen, we have found that the best approach to personalizing the customer journey experience is through a combination of profiles. Ideally, a technical team member implements the business rules. Once the rules have been validated, non-technical profiles can easily maintain and modify them, freeing the IT team from this maintenance.

Product


Create any recommendation engine you can imagine

With the Pickzen platform, developers can quickly and easily build recommendation engines that demonstrate measurable value. Solutions to personalize the customer journey are able to be built faster, freeing up costly resources and allowing developers to focus on the core business.

Pickzen leverages AI to deliver measurable value that improves over time. AI-powered recommendations feature the most relevant products from your product feed. Developers can use our SDK and APIs for full customization and offer a tailored experience from back to front. The end result is a personalized, conversational approach to shopping online.

Visual Builder

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Visual Product-Answer Linking: Simple Business Rules

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No-code Rules Panel: Complex Business Rules

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Actionable insights

Traction


Pickzen doubles conversion rates

Pickzen drives phenomenal results for our customers, statistically proven through AB testing. With millions of engaged users, Pickzen consistently delivers a conversion rate that is 2x higher, decreases time to checkout and return rate, and improves the overall customer experience.

Customers


Top brands and agencies trust Pickzen

Pickzen works with some of the biggest names in the e-commerce industry, with a unique approach for cosmetics, nutrition, and home goods - industries where precise business rules are complex but necessary for accurate recommendations. In addition to working directly with brands and retailers, Pickzen also partners with agencies, consulting firms, and technological partners. Some of our featured D2C (direct-to-consumer) customers include Hungry Bark, Vitruvi, Portia Ella, Jane Iredale, Supergoop, and Nuun to name a few.

See Pickzen in action

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Business model


Fully customizable solutions and personalized pricing

We incorporate Pickzen into every aspect of the business - from client segmentation, onboarding, feedback and even pricing. We offer B2B SaaS solutions catering to Agencies, SMBs, and Enterprise brands and retailers - completely customizable according to client size, use case, and specifications. All clients take a personalized quiz that assesses their needs and allows us to understand how Pickzen can best support their business.

Market


The Global No-Code Market will reach $27.23B in 2022

Research and Markets anticipates the global low- and no-code market will grow from $2.34 billion in 2017 to $27.23 billion in 2022. Positioned to capitalize on this trend, our no-code focus is continually evolving. Currently Pickzen offers a no-code visual design system and no-code rules engine and future developments will allow us to build work-flows in the same way we currently construct the customer journey experience through conditional logic based questions.

With our e-commerce line of solutions, COVID-19 has only expedited market growth. Relevant to our focus on D2C (direct-to-consumer) brands, global e-commerce sales accounted for $4T in 2020, with over 6M online stores on the three main ecommerce platforms alone. With our differentiated solution, and future product offerings, we estimate that we have a SOM (serviceable obtainable market) of +600M.

Competition


Pickzen is a fast, easy, and efficient way for enterprises to increase sales and drive engagement

Pickzen is differentiated from competitors in offering a completely customizable solution that's fast, easy to maintain, and directly accessible to try out. Our sales leads and engagement rates are overwhelmingly inbound, unaffiliated, and most often come from word-of-mouth referrals.

The evolution of product search

Before Pickzen, traditional online shopping had two experiences. The first experience: search bars and filters. Both require the customer to do the work - and to know what they're looking for. Filters only work by narrowing down the selection process while chatbots leave customers with a recognizable, non-human, text interaction. 

Then came the second wave: predictive. In this experience, typically unbeknownst to the customer, the enterprise relies on user behavior and third party information to recommend products without explaining the "why?" 

The Pickzen Difference

Pickzen takes a revolutionary simple approach, enabling enterprises to give their customers the power of choice. With a guided selling experience similar to the face-to-face interaction with an in-store salesperson, users are able to find personalized advice exactly when and where they need it. Fast, visual, and easy-to-use, Pickzen supports enterprises no matter what their needs. Whether to narrow-down results from immense product catalogs or precisely recommending the ideal product (or set) from even the most complex business rules, Pickzen continually improves the experience, and the results.

Vision and strategy


Pickzen delivers the next generation of customer journey personalization

Our vision is to become the definitive solution for the next generation of customer journey optimization and product discovery (the third wave), behind traditional tools like the search bar and filters. Now, as face-to-face interaction has forever changed, Pickzen allows customers to lead the buying experience and choose the ideal moment to receive product advice.

As brands and retailers regain the ability to "just ask" instead of guessing what their customers want, Pickzen helps them turn skeptical shoppers into confident buyers - driving sales from start to cart. With your funding, we can dominate our industry and scale more quickly to pursue international partnerships and brand opportunities.

Funding


Pickzen is raising for platform expansion and product development

Pickzen has been entirely bootstrapped over the course of our operation. We're currently raising seed funding to support platform expansion and product development. Other funding will go towards marketing and sales efforts, establishing key partnerships and onboarding new clients.

Founders


Deal terms


Valuation cap

$8,333,333

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Pickzen occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Pickzen is accepting.
Learn more

Maximum investment

$25,000

The largest investment amount that Pickzen is accepting.
Learn more

Funding goal

$750K

The maximum amount the offering can raise is $750K.
Learn more

Deadline
Pickzen needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Pickzen, Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Pickzen Crowd SAFE Pickzen Form C.pdf

About Pickzen

Legal Name
Pickzen, Inc.
Founded
Oct 2019
Form
Delaware Corporation
Employees
1
Website
pickzen.com
Social Media
Headquarters
Google Map location of of Pickzen
2035 Sunset Lake Rd B-2 , Newark, DE
Headquarters
2035 Sunset Lake Rd, B-2, Newark, DE, United States 19702

Pickzen Team
Everyone helping build Pickzen, not limited to employees

Profile picture of Brendan  Medeiros
Brendan Medeiros
CEO
Profile picture of Isidro  Garcia
Isidro Garcia
CTO
Brendan Medeiros
CEO
Isidro Garcia
CTO

Press

The 7 Best Startups You Can Buy on Republic Right Now
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Mar 17, 2022

Republic is an equity crowdfunding platform that offers investment opportunities in startups, real estate, video games an...

Update: Meet the Graduates of Founder Gym's Cohort 7 [Seed]
Medium Medium
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Jun 21, 2021

"I have grown as a better leader, founder, and fundraiser as a result of FG. I have previously participated in accelerato...

Deals to Watch by KingsCrowd: @pickzen is a no-code platf...
Twitter

Our Deals to Watch, Pickzen (@pickzen) is a no-code platform for developers by developers. Our overall score is 4.9/5 on...

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Pickzen

Pickzen successfully raised $186,506 from 429 investors on May 1, 2022
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Lau, Takashi, Fanjiang, Khuzema A, Alan, and 424 others invested. 65 Reviews
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