This social commerce platform enables groups to collaboratively plan and purchase tickets for live events and merchandise. It streamlines the process of inviting friends, making group seating arrangements, and splitting payments, helping brands boost sales and improve customer experience.
Funding
$36.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EIFounders
Product
Problem
Traditional e-commerce experiences often lack the social interaction and collaborative elements found in in-person shopping, leading to reduced engagement and missed opportunities for organic growth. Online shoppers are often isolated, missing out on the benefits of shared decision-making, group discounts, and the overall enjoyment of shopping with friends.
Solution
FEVO provides a social commerce platform that enables brands to integrate collaborative shopping experiences directly into their e-commerce websites. The platform's Social Checkout™ allows shoppers to easily invite friends, coordinate purchases, and split payments, creating a more engaging and humanized online shopping experience. By restoring the social elements of in-person shopping, FEVO helps brands increase conversions, acquire new customers through organic brand advocacy, and foster greater customer loyalty. The platform integrates with existing ERP and inventory management systems, allowing for seamless implementation without disrupting existing business processes.
Target Audience
FEVO targets brands in live entertainment (sports, music, events), retail, and travel seeking to enhance their e-commerce experience, increase sales, and foster customer loyalty through social shopping.
Features
- Social Checkout™ enabling shoppers to share carts, coordinate purchases, and split costs with friends
- Integration with existing e-commerce platforms and inventory management systems
- Tools for creating group rewards and incentives to encourage social sharing
- Analytics dashboard providing insights into customer behavior and campaign performance
- Support for various verticals including live entertainment, retail, and travel
- FEVO Exchange, which places tickets for upcoming games, events, concerts and festivals in leading retail outlets around the world
- Marketing services including campaign strategy, tracking implementation, and analytics and reporting