Venture(US:VEMLY) Zheng Quan Shi Bao·2025-10-19 21:16Core Insights - Phoebe Gates, daughter of former billionaire Bill Gates, has founded an AI-driven shopping platform named Phia, which recently secured $8 million in seed funding [1][6] - Phia aims to enhance the online shopping experience by allowing users to compare prices across different platforms and track price changes, thus saving time and money [2][5] Company Overview - Phia is a shopping platform co-founded by Phoebe Gates and Sophia Kianni, designed to improve the efficiency of online shopping for consumers [2] - The platform utilizes image recognition and search algorithms to help users find similar products and estimate resale values [5] 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 [6] - The recent $8 million seed round was led by Kleiner Perkins, raising the post-money valuation to $32 million, with notable investors including Kris Jenner and Sheryl Sandberg [6] User Engagement and Growth - Since its launch in April, Phia has quickly gained traction, ranking in the top 30 of the App Store's free shopping apps and accumulating over 500,000 users with sales reaching several million dollars [5] Future Aspirations - Phoebe Gates aims to leverage the success of Phia to invest in female-led companies, addressing the gender disparity in venture capital funding [7]