Engage3

Davis, CA Retail Technology Private

Engage3 is a Davis, California-based AI-powered SaaS platform that helps retailers and brands track and optimize their Price Image through competitive intelligence, price image management, and price optimization solutions. The company's flagship products include Competitive Intelligence Management (CIM) and Price Image Management (PIM), which collect over 30 billion product pricing records annually across the U.S. and Canada via online and in-store data collection. Following its 2022 acquisition of Denmark-based Dexi.io, an AI-enabled web data collection platform, Engage3 (operating as 'Engage3 powered by Dexi') serves more than 300 customers in 182 countries, including 8 of the world's top 10 retailers and 9 of the top 10 largest convenience retailers in the U.S. and Canada, supporting over $4 trillion in global retail revenue. Engage3 was founded by brothers Ken and Tim Ouimet, who previously co-founded KhiMetrics (acquired by SAP), credited with inventing the retail price optimization category.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2008

Employees

201–500

Total Funding

$86.5M

4 rounds

Latest Valuation

$0.11B

April 22, 2024

Funding

Total raised $86.5M across 4 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Debt Financing

Date

April 22, 2024

Amount

$25M

Valuation

Lead Investors

Espresso Capital
DateRoundAmount RaisedValuationLead Investors
April 22, 2024 Debt Financing $25M Espresso Capital
December 2, 2021 Series D $35M Arrowroot Capital Management
June 20, 2019 Series C $12M The March Fund I LP

Leadership

  • Edris Bemanian

    Chief Executive Officer

  • Ken Ouimet

    Founder & Chairman of the Technology Committee

    LinkedIn
  • Tim Ouimet

    Co-Founder

  • Adi Gulati

    Chief Financial Officer

  • James Holliday

    Senior Vice President, Data Science

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Revionics

    AI-powered price optimization and lifecycle pricing software for retailers; acquired by Aptos in 2020.

  • Wiser Solutions

    Commerce execution suite providing price intelligence, MAP monitoring and in-store retail execution analytics for brands and retailers.

  • DataWeave

    Digital shelf and competitive pricing analytics SaaS for retailers and consumer brands across global markets.

  • Competera

    AI-based competitive pricing and price optimization platform for retailers, with a focus on demand-based optimization.

  • Price2Spy

    Online price monitoring, comparison and repricing platform serving e-commerce retailers and brands worldwide.

  • Symphony RetailAI

    AI-powered merchandising, customer engagement and price/promotion optimization software for grocery and CPG retailers.

Engage3 Investment FAQ

Public status and buying access

No. Engage3 is a private company and does not have a public stock ticker or trade on a public stock exchange. Its shares are generally held by founders, employees, investors, and other private shareholders. Buyers and sellers may be able to transact in Engage3 shares through private secondary transactions, but any transaction depends on share availability, buyer and seller agreement, transfer restrictions, company approval rights, and any applicable right of first refusal. There is no guarantee that Engage3 will complete an IPO or other liquidity event.

Yes, it is sometimes possible to buy Engage3 shares pre-IPO through private secondary transactions. This depends on finding a willing seller, company approval, and satisfying any transfer restrictions or rights of first refusal.

Buyers interested in buying Engage3 shares on the secondary market typically do so through SetterVC and other secondary-market platforms, subject to eligibility requirements, share availability, transfer restrictions, and issuer approval. Buyers may need to satisfy sophistication, accreditation, institutional, platform, regulatory, or other eligibility requirements before participating. Once eligible, buyers may be able to view listings, make bids, and work with a licensed broker through the transaction process. Buyers should ensure they have appropriate legal and financial advisors guiding them before completing any transaction.

The company's latest round valuation was approximately $107M as of April 22, 2024. The latest round valuation is often used as one reference point in secondary-market pricing, but secondary prices may be above or below that valuation at any given time. Secondary pricing can shift significantly based on post-round conditions, such as changes in company performance, supply-demand dynamics, share class, transaction size, transfer restrictions, or broader market shifts. Any implied valuation from a past round should be confirmed with a broker or through live market listings before relying on it.

Valuation and funding

Engage3 was most recently valued at approximately $107M as of April 22, 2024. This is a private valuation and may differ from secondary pricing. Secondary shares may trade above or below this mark based on various factors. SetterVC and Setter Capital does not verify the accuracy of these valuations. Buyers and sellers should always confirm current valuations before completing any transaction.

Engage3's latest disclosed funding round was a Debt Financing round in April 22, 2024. The round raised approximately $25M, with Espresso Capital listed as disclosed lead or major investors. Primary funding rounds are different from secondary transactions: in a primary round, capital goes to the company, while in a secondary transaction, investors buy existing shares from current shareholders. Funding-round data reflects publicly reported or collected information and may be incomplete.

Engage3 has raised approximately $86.5M in disclosed funding across 4 rounds. These figures reflect primary capital raised by the company and do not include every possible secondary transaction, undisclosed round, debt facility, or private transfer. Reported funding totals can change as new rounds are announced or older round details are corrected. Eligible users can use SetterVC to track Engage3's funding history alongside private-market activity where available.

Engage3's disclosed investors include Espresso Capital, Arrowroot Capital Management, The March Fund I LP and Kayne NewRoad Ventures Fund II. Investor lists are based on public reporting, company announcements, and collected funding-round data, and may be incomplete. Participation in a prior funding round does not mean those investors are currently buying or selling shares. On SetterVC, eligible users can review Engage3's funding history, valuation history, and private-market activity alongside other venture-backed companies.

Market context

Engage3's most-cited competitors include Revionics, Wiser Solutions, DataWeave, Competera, Price2Spy and Symphony RetailAI. Investors often compare these companies by sector, product focus, valuation, funding raised, growth signals, investor base, and private-market activity.

Secondary-market demand for Engage3 shares can be affected by company performance, revenue growth, profitability, funding history, valuation, investor interest, sector momentum, public-market conditions, expected timing of a liquidity event, and the availability of shares for sale. Demand can also be affected by transfer restrictions, company approval rights, right of first refusal processes, limited information, and the price expectations of buyers and sellers. Strong demand does not guarantee strong pricing, liquidity, or investment returns. Weak demand does not necessarily reflect the company's long-term prospects. Demand signals should not be treated as a recommendation or prediction of investment performance. Buyers and sellers should treat demand signals as informational and conduct their own diligence before transacting.

Selling and transaction mechanics

Sellers often rely on intermediaries and platforms, such as SetterVC and other secondary-market platforms, to identify potential buyers. The exact process varies by company and transaction, but sellers often begin by confirming their ownership, desired price, transferability, and any company approval or notice requirements. If the seller agrees with a buyer on acceptable price and terms, the company may need to be notified through a share transfer notice or similar process. If a right of first refusal, company approval right, or other transfer restriction applies, the seller may need to wait until that process is completed. The parties may then execute a purchase and sale agreement, complete required transfer documentation, and close if all required conditions are satisfied. Sellers should always seek proper legal and financial advice before completing the transaction.

Yes, current and former Engage3 employees, early investors, and other existing shareholders may be able to sell vested shares before an IPO through a private secondary sale. This is not automatic; it depends on whether the shareholder has transferable shares, whether there is buyer demand, and whether the company's governing documents permit the transfer. Many companies require prior notice, company approval, or a right of first refusal before shares can be sold. Sellers should also seek proper legal and financial advice before proceeding.

A Engage3 secondary transaction usually involves an existing shareholder selling shares to a buyer before a public listing. The buyer and seller typically agree on price, number of shares, share class, and closing conditions. The seller may then need to notify Engage3 through a share transfer notice or similar process. If Engage3 or existing investors have approval rights, transfer restrictions, or a right of first refusal, those steps may need to be completed before the transfer can close. The parties typically enter into a purchase and sale agreement, complete any required transfer documentation, and close only if the necessary conditions are satisfied. Timing and certainty can vary by company and transaction.

In most private secondary transactions, parties commonly use a purchase and sale agreement that outlines price, terms, and conditions. They may also use share transfer documentation, often a stock transfer notice, share transfer notice, transfer instruction, or similar document, along with any required company approval or right of first refusal materials. Proof of ownership, such as a cap table entry, share certificate, brokerage statement, issuer confirmation, or administrator confirmation, may also be important. Buyers often request recent company financials, but private companies may limit disclosure. Since every deal varies, buyers and sellers should consult legal and financial advisors to understand which documents are needed.

Risk, diligence, and investor caution

Buying Engage3 shares pre-IPO is risky. Shares are illiquid, no IPO or liquidity event is guaranteed, valuations can change, transfers may require company approval, and private companies may provide limited financial disclosure. Be prepared for total loss. SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, verify information, and seek independent legal and investment advice before proceeding.

Private secondary shares are typically illiquid. Unlike public stocks, there is no active public market, so selling them can be difficult and time-consuming. Sales depend on finding a willing buyer and often require company approval. Investors should be prepared to hold the shares for an extended period, with no guarantee of a future sale. Always assess your need for liquidity before investing.

SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, including verifying ownership, transferability, legal structure, company approval, and assessing the company's prospects. SetterVC and Setter Capital do not provide advice on whether an investment is good, what price to pay, or what the best bid or ask is. SetterVC and Setter Capital may share documents in some circumstances, but it does not guarantee their accuracy or completeness. Due diligence is essential. Seek legal and investment advice as needed.

Before buying Engage3 shares, a buyer should try to review the share class, price per share, implied valuation, transfer restrictions, ROFR process, company approval rights, seller ownership evidence, recent financing or tender-offer information, available financial information, information rights, resale restrictions, tax considerations, and expected liquidity paths. Not all information may be available for a private company. Buyers should confirm available diligence, process details, and information needs with their own legal, tax, and investment advisers.

SPVs carry risks. Examples include the need to confirm the company allows SPV-based transfers, verify that the SPV truly owns the shares or interests it claims to own, and ensure it has not sold more interests than it holds. Due diligence is essential. Seek legal and investment advice as needed.

Forward contracts carry risks. Examples include the seller refusing to transfer the shares at the future date, even if the seller owns them, the seller going bankrupt with creditors claiming the shares, or the seller committing the same shares to multiple parties. Due diligence is essential. Seek legal and investment advice as needed.

Access live market data

Sign Up

Data collected with AI, which can make mistakes. Please double-check this information.