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Marxent

Extended Reality
Furniture Tech
Product stageSegments
Early
?
AR/VR platforms
?

Marxent provides a 3D commerce platform (“3D Cloud”) that is used by leading furniture and DIY retailers to enable their customers to plan, visualize, and buy real-world items from furniture to fully designed rooms in a virtual setting. 3D Cloud also acts as a content management system (CMS) that allows retailers to manage 3D workflows, configure and deploy branded 3D apps in mobile, web, and in-store, and receive analytical insights related to app performance and user journeys. The platform also features turnkey integrations with existing e-commerce platforms, systems, and applications.

Marxent’s 3D apps include WebAR, a complete suite of AR solutions for large catalogs of configurable products, and a VR shopping solution that can be used on mobile, desktops, and Oculus devices. The company claims implementation of its WebAR suite has resulted in four AR views per session on average and increased the number of products viewed by consumers by 5x and the add-to-cart rate by 3x.

As of February 2022, 3D Cloud manages 1 million+ 3D products (~10% of total products managed to date), 2 million+ 3D projects, and has facilitated over USD 3 billion in 3D-enabled sales.

Key customers and partnerships

Marxent’s client base included Lowe's Home Improvement, Ashley HomeStore, Macy's, La-Z-Boy, HNI Corporation, Fortune Brands, American Woodmark, and Herman Miller.

Funding and financials

In January 2021, Marxent raised USD 15 million in Series C funding led by Bellini Capital whose Managing Partner Arnie Bellini (Founder, Connectwise) joined Marxent’s board as part of the deal. The funds were raised for product development and international expansion with a focus on the UK and the rest of Europe.

Extended Reality

Extended Reality

Key stats
Featured companies
239
Total funding (USD)
13.6 Bn
Total addressable market (USD)
100.4 Bn
Key competitors
 
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Company profile
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EDGE Insights

XR and MEP (Q2 2023): Apple's Vision Pro fuels XR's cautious comeback as metaverse plummets

Recent Updates

Funding
May 4, 2023
Marxent raises USD 7.5 million in Series D funding
Extended Reality

Company Brief


HQ location:
360 Central Ave, Ste 1350 St. Petersburg FL USA
Founded year:
2011
Employees:
101-250
Total Funding:
USD 36.2 million
Last Funding
USD 7.5 million, May 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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