The Accelerator Network Assists FFWD Alumni Alloxentric

Posted in Blog
10/03/2021 Amy Chao

London-based investment fund RLC Ventures led Alloxentric’s seed round of $275,000, providing the necessary capital to build on their early success. To-date, Alloxentric has been operational across Latin America in countries such as Chile and Colombia, providing an omnichannel platform as a service, powered by AI, for customers across numerous industries. RLC Ventures was introduced to Alloxentric via The Accelerator Network’s Accelerator Funding Network, which specialises in connecting startups post accelerator programmes with seed capital.

Alloxentric has grown at an impressive rate, with close to 1,000,000 contacts per day and having started their sales process at the beginning of 2020, they have established significant revenue. The company is on track for 300% YoY growth and is currently breakeven. Following this raise, the company will expand operations to Mexico and continue the development of its artificial intelligence solutions. Full details of the investment news here.

Alloxentric is an alumni of FFWD from 2018. Max Kreimerman, Chief Technology Officer and Architect, shares that the FFWD programme allowed him to take all his ideas and develop it in a very consistent way with a clear method to build a company in a year and a half that has the potential to become a multi-million pound company.