London-based tech startup Stackfix raises $3 million to change the way businesses buy software

Every year, businesses spend $1 trillion on software, but navigating the maze of options and outdated reviews often leads to poor purchasing decisions. Platforms like G2.com and Capterra rely heavily on user-generated reviews, which are frequently biased, incomplete, or outdated, leaving companies frustrated and bleeding resources.

Enter Stackfix, a London-based tech startup addressing the $1 trillion software market’s toughest challenge: cutting through endless options and unreliable reviews. The platform uses AI to provide real-time software comparisons, offering businesses accurate, up-to-date insights into pricing, features, and performance, giving businesses the clarity they need to make confident purchasing decisions..

Today, Stackfix announced it has raised $3 million in funding led by Chalfen Ventures, with participation from Seedcamp, helloworld, and angel investors including Paul Forster (Indeed.com), Mehdi Ghissassi (DeepMind), Matt Clifford (Entrepreneur First), Alice Bentinck (Entrepreneur First), and Charlie Delingpole (ComplyAdvantage).

A Smarter Way to Buy Software

Founded in 2023 by Paddy Stobbs (Jukedeck, acquired by TikTok) and Camin McCluskey (ex-Skyscanner), Stackfix was born from firsthand frustration with traditional software review platforms. Stobbs and McCluskey recognized that AI could streamline the process, enabling businesses to quickly identify the tools that best fit their needs.

Unlike conventional platforms that depend on static user reviews, Stackfix automates the testing of software products, gathering real-time data to help businesses make informed decisions. During its private beta, companies such as ElevenLabs and Synthesia used the platform to spend over $500,000 on software. Paddy Stobbs, Co-Founder and CEO of Stackfix, said:

“The software market is at a tipping point. AI has enabled an explosion of new products, but the tools to help businesses choose the right software haven’t kept up. Stackfix is changing that with an AI-powered, real-time solution that makes software buying faster, simpler, and more accurate. We’re thrilled to have the backing of such incredible investors as we work to build the ultimate software comparison platform.”

Tackling Complexity with AI

The proliferation of software tools, fueled by advances in AI, has made the market more complex than ever. Traditional review systems haven’t kept pace, leaving businesses overwhelmed. Stackfix steps in with AI-powered testing, offering clear and reliable insights that simplify software purchasing.

By leveraging real-time data, Stackfix delivers personalized recommendations, ensuring businesses get the right fit. The funding will be used to enhance the platform’s AI capabilities and expand its reach globally.

Mike Chalfen of Chalfen Ventures highlighted the platform’s potential: “The Stackfix team is addressing a huge opportunity. Software is exploding. Every business wants to buy more tools, but does not have the time or information to choose the best products for them. Stackfix solves this—using AI to guide teams to the best options with speed and precision. The Stackfix team is addressing a massive opportunity, and Paddy and Camin are incredibly hard-working, principled and ambitious. I am proud to support them in building the go-to marketplace for B2B software.”

Seedcamp’s Reshma Sohoni echoed this sentiment, emphasizing the platform’s impact on transparency and efficiency in software purchasing: “Businesses deserve tools that make the buying process smarter and faster. Stackfix is delivering exactly that.”

The Ultimate AI-Powered Software Comparison Platform

Stackfix’s mission is clear: to create the definitive software comparison platform. With strong investor backing and a sharp focus on solving a universal pain point, the company is poised to reshape how businesses find and purchase software.

As Co-Founder and CEO Paddy Stobbs put it, “The tools to help businesses choose the right software haven’t kept up with the market’s rapid growth. Stackfix is changing that, making the process faster, simpler, and more accurate.”