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The Venture Codex

RX Ventures

Av. Joaquim Porto Villanova, 401, 7 Andar, Jardim Do Salso, Porto Alegre, Rio Grande do Sul, 91410-400, Brazil

Overview

RX Ventures invests in and supports entrepreneurs who are creating decisive businesses.

Total investments
5
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • E-Commerce
  • Fashion
  • Financial Services
  • Marketplace
  • Retail
  • Retail Technology
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Investment portfolio

  • Connectly

    Participated · Series B · Sep 2024

    Connectly operates a code-free conversational commerce platform that uses proprietary AI models to automate two-way personalized messages across messaging channels including WhatsApp, Instagram, and RCS. The platform lets businesses create interactive campaigns and use AI to automate conversations across sales, marketing, customer experience, and support. In 2023 the company launched Sofia AI, an AI product recommendation assistant, and introduced an AI Search product for businesses. Connectly says it nearly doubled its revenue and headcount over the past year and entered the U.S. market after its Series A in October 2023. Founded by Silicon Valley veterans in 2020 and based in San Francisco, the company focuses on helping retailers increase conversions, engagement, and customer satisfaction through messaging. Connectly plans to continue investing in its proprietary AI models and to scale its conversational commerce offering globally. Connectly provides a platform for businesses to create messaging campaigns and automate conversations with customers across messaging apps, using chatbots and outbound/inbound workflows. Its AI uses natural language processing and machine learning to build audience segments, prioritize inbound messages, and recommend products. The product can detect events like cart abandonment and tailor messages or offers (discounts, shipping) to recover sales, and it displays audiences and campaign performance in a unified dashboard. The company was founded by Stefanos Loukakos (former head of Meta’s business Messenger division) and Yandong Liu (former lead ML engineer at Uber) in 2020. Connectly reports a customer base of roughly 200 brands and annual recurring revenue just above $3.5 million. It competes with incumbents such as Twilio and startups like MessageBird and Attentive and plans to grow headcount from 35 to about 40 by year-end 2023.

  • Connectly.ai

    Participated · Series B · Sep 2024

    Connectly.ai builds an AI-powered conversational commerce platform that personalizes text messages and automates conversations across messaging channels including WhatsApp, Instagram, SMS, and web chat. Its AI is fine-tuned on a retailer’s product catalog and plugged into the brand’s online store to send alerts about price changes, stock, offers, and to build audience segments. The platform automates follow-ups such as cart-abandonment messages with discount codes or lower-cost shipping offers. The company says its bots always identify themselves and that it is compliant with GDPR opt-out requirements. Connectly serves over 300 paying customers and reported $3.5 million in revenue last year, having grown revenue 5x the prior year; it expects revenue to grow 100% in 2024 to roughly $7 million by year-end. Founded in 2020 by Stefanos Loukakos and Yandong Liu, Connectly faces competition from Attentive, Twilio, Infobip, Bird, Take Blip, and Yalo. The company operates with a San Francisco-based workforce of 65 employees and plans to grow to nearly 80 by the end of the year. Connectly.ai provides marketing services that simplify enterprise workflows by turning customer information into structured data flows. The company enables businesses to deploy AI-driven mini-bots to create and send interactive, personalized marketing campaigns at scale. Its platform focuses on automation and personalization to help enterprise users scale marketing communications. In December 2023 Connectly.ai completed an $18 million Series A financing. The raise was led by Volpe Capital with participation from DST Global and RX Ventures. Connectly.ai provides conversational commerce software and is a WhatsApp Business Partner Solution focused on simplifying how companies transform customer messages into revenue. Its no-code tool enables businesses to create and send interactive, personalized marketing campaigns through AI-powered mini bots at scale. The platform centralizes customer communications in a unified inbox across WhatsApp, SMS, Facebook Messenger, and Instagram, and offers audience segmentation and smart reporting for data-driven decisions. The company was founded in 2020 by former Big Tech executives Stefanos Loukakos and Yandong Liu. Connectly.ai already serves several clients across LATAM, MEA and APAC. It intends to use the newly raised funds to expand its business in Europe.

  • Radar

    Participated · Series A · Jul 2023

    RADAR provides a vertically integrated system of overhead RFID sensors, software, and analytics that captures a full inventory snapshot every eight seconds and delivers roughly 99% item-level inventory accuracy. Its platform converts continuous location signals into operational actions such as automated replenishment alerts, omnichannel fulfillment routing, loss-prevention triggers, and merchandising intelligence. The company is deployed across more than 1,400 stores with major U.S. retailers including American Eagle Outfitters and Old Navy and processes more than 100 billion item-level events per day. RADAR positions its dataset as a foundation for forecasting demand, optimizing assortments, and understanding in-store customer interactions. The company plans to advance sensor hardware, expand AI capabilities, pursue autonomous checkout, and grow internationally while scaling operations under new CFO Abi Viswanathan.

Team

No current team members are available.