The investment round for Dusseldorf-based startup Pathmonk was led by TechVision Fonds and was completed by serial entrepreneur Carsten Lebtig (CEO and founder WorkMotion).
This investment round fuels Pathmonk’s growth trajectory and its mission to power up websites with AI tools. Pathmonk helps companies to get more conversions from their website applying behaviour analysis on the visitors to increase leads captured and revenue generation.
Key factor „Buyer’s Journey“
98 per cent of website traffic is simply not converting into revenue, while online advertising budgets were spent without the expected revenue uplift. To tackle that problem, Pathmonk has developed an innovative SaaS platform with different products for websites to increase conversion rates and qualify leads.
Pathmonk’s solution can be integrated into any existing website immediately and effortlessly. The AI-powered platform analyses the navigation data and activities of website visitors entirely and translates the behaviour into the different stages of the buyer’s journey.
This provides the website operator with transparency about the performance of the website and concrete indications as to why website visitors may not be converting.
Based on the visitor’s classification into the different buyer’s journey stages, Pathmonk provides the website operator with tools, such as so-called micro-experiences individually for each visitor, to increase the conversion rate. The products promise an increase in the website conversion rate of 50 per cent on average.
The cookieless technology makes it also possible to retarget former website visitors to bring back potential customers. In times of the looming cookie apocalypse, Pathmonk offers a unique new solution. The retargeting is primarily aimed at companies that sell their software solutions via their website, agencies and, soon, e-commerce customers.
In the future, the product portfolio for marketers will be completed by launching a product to neutralise the carbon footprint of websites based on the number of actual visitors.
The current investment round reflects Pathmonk’s traction and market position
With recent privacy changes, bans from Google Analytics across several European countries and the impending Cookie restrictions applying in the upcoming months, Pathmonk finds itself in a unique market position.
Their solution is entirely cookieless and is aimed at helping businesses generate revenue from their website traffic. This funding answers the existing demand for Pathmonk’s technologies and enables for rapid expansion to satisfy the market needs.says Bjorn Lang, Principal at TechVision Fonds
Founding team with Startup experience
Pathmonk was founded in 2021 by Lukas Haensch and Rayco Batista Diaz. Initially, the team was in the batch of Y-Combinator Startup School in California. There, the team developed their initial idea of Pathmonk. They further developed this concept into a runnable prototype in the startup program of Digihub Dusseldorf. Having brought Pathmonk to market readiness through bootstrapping, the team is now looking to accelerate its growth.
Our key goal is to become the household name for website conversions in the cookieless world. Marketers are already searching for ways to puzzle together their first-party data strategies with the cookie apocalypse on the horizon.Co-Founder Lukas Haensch highlights the ambitious goals for the future
Marketers across small and large organisations continue to have the same goal in mind: generating more revenue from their website traffic. Now Pathmonk can accurately deliver that: higher website conversions and super-efficient retargeting without the need for cookies at all.adds Rayco Batista Diaz
As marketers aim to drive conversions and enhance the customer buying journey with Pathmonk, they have an AI-powered tool at hand to drive revenue from their websites. With this, Pathmonk has established itself as a thought leader in the space of digital buying journeys.
We are just at the very beginning of our mission as a company, and we are experiencing a tremendous momentum. This partnership with TechVision Fonds and Carsten Lebtig sets a milestone in our journey and will accelerate our plans exponentially. We are very excited for the upcoming months.adds co-Founder Rayco Batista Diaz
We’re looking forward to watching this expansion happen. Pathmonk has experienced extraordinary growth since its inception while maintaining excellent customer satisfaction. Due to the right timing, its popularity and remarkable traction, Pathmonk is well on its way to becoming a leading, global conversion brand. We are very happy to welcome Pathmonk to the TechVision Fonds family.shares Pascal Bless, Investment Manager at TechVision Fonds
TechVision Fonds is joined by Carsten Lebtig, a successful serial entrepreneur and founder of WorkMotion. Having run several successful investment rounds for WorkMotion, with investors from teams like Canaan, Activant Capital and XAnge he has a firm belief in the team and product at Pathmonk.
I was impressed from the first moment how Lukas and Rayco have been customer-obsessed since the beginning. With very limited resources but an intense focus on delivering value, they have built a product with a lot of growth potential.underlined by Carsten Lebtig
Pathmonk has an excellent variety of video podcasts on its YouTube channel.