Dear friends of Alfvén & Didrikson,
We are excited to announce that Klevu, our global leader in AI-driven search and discovery for ecommerce, has joined forces with Searchspring, a PSG portfolio company and a pioneer in product discovery. Together, they have formed Athos Commerce, a comprehensive global platform for ecommerce optimization. This new entity integrates AI-powered product discovery, on-site search, personalization, merchandising, and more, all designed to elevate online shopping experiences for retailers worldwide.
This milestone is a testament to the hard work and dedication of Klevu’s founder and CEO, Nilay Oza, and his exceptional team. We extend our heartfelt thanks to Nilay and the entire Klevu team for their outstanding journey so far and wish them all the best as they embark on this exciting new chapter.
We would also like to recognize and thank Tiyam Afshari, former partner at Alfvén & Didrikson, for his instrumental role in sourcing the investment in Klevu, and Ken Liebkind, partner at A&D, for his invaluable contributions to the development of the company. Under A&D's ownership, Klevu has more than doubled its recurring revenue and reached solid year-over-year profitability.
The creation of Athos Commerce marks a significant step forward in ecommerce innovation. With an integrated platform backed by PSG, Athos Commerce is poised to set new standards for personalization, revenue optimization, and consumer engagement on a global scale.
At Alfvén & Didrikson, we remain committed to supporting exceptional entrepreneurs and their companies as they drive innovation and growth. We look forward to seeing the continued success of Athos Commerce and are proud to have been a part of Klevu’s journey.
With best wishes,
The Team at Alfvén & Didrikson
