Constructor Nearly Doubles Revenue, Triples Valuation in FY 2025
Constructor, an AI-powered search and product discovery platform for enterprise e-commerce companies, said it reached key milestones in its fiscal year ended Jan. 31.
During the past year, Constructor claimed it nearly doubled its revenue, “nearly tripled its valuation in a new funding round, expanded its global client base and made significant investments in product innovation — enabling more brands to increase revenue and customer satisfaction with AI-driven product discovery.”
More from WWD
The company said it nearly doubled revenue for the fourth year in a row, “while nearly doubling annual recurring revenue from subscriptions/contracts as well.” Other notable milestones for the year included signing on “leading e-commerce retailers, brands, distributors and manufacturers, with especially strong traction across apparel, grocery, cosmetics, general retail, furniture, B2B manufacturing and distribution, wholesale and many more specialized industries.”
Constructor said it also tripled its valuation to $550 million since its 2021 “Series A” round funding while also securing $25 million in “Series B” funding.
The company said it powered more than 250 billion shopper queries and interactions, which is a 184 percent increase over the prior year. “These queries, and the results Constructor returned, led to hundreds of millions of shoppers finding the products they were looking for,” the company said. “With such high activity, Constructor helped leading retail brands drive hundreds of millions of personalized experiences every day, and led to tens of billions of dollars in revenue for the companies that use Constructor to power their product discovery.”
Other notable achievements for 2024 included bringing an enhanced product suite to market, expanding its geographic reach and growing company headcount by 47 percent.
Constructor noted that clients using its platform have seen a 16.5 percent increase in average order value, a 15 percent increase in revenue per visit, a 13 percent increase in search revenue, a 92 percent increase in recommendations conversions and a $40 million average revenue lift, among other outcomes.
Constructor’s customers include Under Armour, Sephora, Birkenstock, Monica Vinader, Petco and Target Australia, among others.
“We’re very proud of Constructor’s recent achievements but never content to rest on our laurels,” said Eli Finkelshteyn, chief executive officer of Constructor. “Our customers are the lifeblood of our business, and we’re always looking for ways to serve them even better. There are great opportunities in the year ahead to make product discovery even easier and more rewarding — engaging shoppers in more flexible ways and helping e-commerce companies grow their businesses. We’re excited to make that happen.”
Best of WWD
Sign up for WWD's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
