London-founded Stackfix, an AI-powered software comparison platform, has raised £2.4 million to speed up software buying for businesses globally.
The company was co-founded by Paddy Stobbs – co-founder of Jukedeck, acquired by TikTok – and Camin McCluskey, formerly of Skyscanner, last year.
Unlike traditional review-based platforms, Stackfix collects real-time data on pricing, features and performance, allowing business buyers to compare products accurately and get personalised advice.
The company says businesses across North America and Europe – such as ElevenLabs and Synthesia – have already used Stackfix in private beta, spending over $500,000 via the platform and adopting it as a core part of their purchasing processes.
The round was led by Chalfen Ventures, with participation from Seedcamp and helloworld alongside prominent angel investors such as Paul Forster (founder of Indeed.com), Mehdi Ghissassi (head of product at DeepMind), Matt Clifford (chair of Entrepreneur First and ARIA), Alice Bentinck (co-founder of Entrepreneur First) and Charlie Delingpole (founder of ComplyAdvantage).
Stackfix plans to use it to further advance its AI capabilities and expand its comparison platform globally.
“The software market is at a tipping point. AI has enabled an explosion of new products, but the tools to help businesses choose the right software haven’t kept up,” said CEO Stobbs.
“Stackfix is changing that with an AI-powered, real-time solution that makes software buying faster, simpler, and more accurate. We’re thrilled to have the backing of such incredible investors as we work to build the ultimate software comparison platform.”
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Mike Chalfen, general partner at Chalfen Ventures, said: “The Stackfix team is addressing a huge opportunity. Software is exploding. Every business wants to buy more tools, but does not have the time or information to choose the best products for them.
“Stackfix solves this – using AI to guide teams to the best options with speed and precision. The Stackfix team is addressing a massive opportunity, and Paddy and Camin are incredibly hard-working, principled and ambitious.
“I am proud to support them in building the go-to marketplace for B2B software.”
Reshma Sohoni, co-founder and managing partner at Seedcamp, added: “Choosing the right software is a universal pain point for businesses, yet today’s solutions fall woefully short – lacking transparency, efficiency and trust.
“Stackfix is changing the game with its AI-driven approach, empowering businesses to make smarter decisions, save time and maximise value.
“We are delighted to back Paddy and Camin as they build the state of the art software comparison platform and redefine how companies find and buy the tools they need to succeed.”