Polar Analytics aggregates data from the dozens of apps Shopify brands use and provides a no-code business metrics layer that acts as a ‘knowledge worker’ for merchants. The platform offers one-click setup, lets users create standardized data points and pose questions of their data, and aims to shorten implementation from months to days. Polar operates a SaaS pricing model with plans starting around $400 per month and supports more than 2,200 brands across 26+ countries, with top markets including the U.S., U.K., France and Australia. The company reports 300% year-over-year growth and has processed $11.8 billion in gross merchandise volume and $1.6 billion in ad spend in the past 12 months. Founders David Dokes and Charbel Seif started the company in 2020. Future plans include hiring engineers and product designers (doubling a current team of 30 within 18 months), expanding Shopify integrations, ingesting more first-party data, and growing to 10,000 merchants and into other e-commerce CMS platforms.

Total raised

$9M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2023