Maxis Ventures Invests $10 Million in Zuzzuu Valued at $10 Million

image

Maxis Ventures Invests $10 Million in Zuzzuu Valued at $10 Million

Maxis Ventures has invested in Zuzzuu, a company developing solutions in digital sales, marketing, and e-commerce, at a valuation of 10 million USD. Maxis Ventures, operating under İş Yatırım Menkul Değerler, a subsidiary of Türkiye İş Bankası, has invested in Zuzzuu, a graduate startup of the Workup Entrepreneurship Program, which the bank has supported since 2017.

Zuzzuu allows brands to offer more personalized experiences to their customers by utilizing its developed language model and real-time data analytics technologies. Its solutions enable businesses to increase revenues quickly, enhance customer loyalty, and improve efficiency in operational processes.

The investment made at a valuation of 10 million USD in Zuzzuu, which develops solutions in digital sales, marketing, and e-commerce, aims to support the startup’s growth process, enhance revenue, and contribute to access to different markets with its artificial intelligence platform.

“Investment will be a significant milestone in our fast and profitable growth”

After graduating from the Workup Entrepreneurship Program, Zuzzuu expanded its operations by developing its business model and formed various collaborations with corporate companies with the support it received from the program. The startup plans to enter global markets and expand its customer portfolio with the investment from Maxis Ventures.

Ahmet Şüküroğlu, the founder of Zuzzuu, stated regarding the investment, “This investment made by Maxis Ventures at the very beginning of our funding round is an important opportunity for us to grow in global markets and acquire customers in new verticals. This investment will be a significant milestone in Zuzzuu's fast and profitable growth and increase its motivation.”

“Support for the startup’s global growth”

Selami Düz, Coordinator of Maxis Venture Capital Portfolio Management, noted that Zuzzuu's technology-based solutions have made a significant impact through rapid growth in digital marketing and customer experience, emphasizing their belief in the startup's potential and their happiness in supporting its global growth.