Venture(US:VEMLY) Zheng Quan Shi Bao·2025-10-19 13:33Core Insights - Phoebe Gates, daughter of Bill Gates, has founded an AI shopping platform named Phia, which recently secured $8 million in seed funding [1][5] - Phia aims to enhance the online shopping experience by allowing users to compare prices across different platforms and track price changes, targeting efficiency and cost-effectiveness [4][3] Company Overview - Phia is a shopping platform co-founded by Phoebe Gates and Sophia Kianni, designed to help consumers find fashionable items while saving money and time [3][4] - The platform utilizes image recognition and search algorithms to provide personalized product recommendations and has partnered with over 150 e-commerce platforms [4] Funding and Valuation - Prior to the recent funding round, Phia completed a $1.2 million pre-seed round with a post-money valuation of $15 million [5] - The recent $8 million seed round was led by Kleiner Perkins, resulting in a post-money valuation of $32 million, with notable investors including Kris Jenner and Sheryl Sandberg [5] Entrepreneurial Background - Phoebe Gates completed her studies at Stanford University before fully committing to Phia, having initially discussed her entrepreneurial aspirations with her parents [7] - She has leveraged her social media presence, with over 500,000 followers on Instagram and 2.71 million on TikTok, to promote the platform [7] Future Aspirations - Phoebe Gates aims to make Phia successful enough to invest in female-led companies, addressing the disparity in venture capital funding for women [7]