Indix raises $8.5M to index online retail

A Seattle-based startup called Indix has raised an $8.5 million series A-1 round of venture capital for its service that keeps a real-time index of the products available across the world of online retail. Avalon Ventures and Nexus Venture Partners led the round, which brings Indix’s total funding to $14.4 million. The company’s service targets retail-industry users that want to keep track of trends and the competitive landscape, including who’s selling what and for how much.

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