Phoebe Gates' initiative Phia has completed a $30 million funding round.

Phoebe Gates and the Rise of Phia

Bill Gates' daughter Phoebe Gates recently completed a remarkable investment round with the AI-driven shopping platform Phia. The 23-year-old Gates, along with her Stanford University classmate Sophia Kianni, has impressed with this innovative venture, raising a total of $30 million in funding.

Company Valuation and Investors

Phia's current valuation has reached $180 million. In a previous investment round held in September, Phia successfully raised $8 million, and with this latest substantial funding, aims to reach a broader audience. The platform is gaining attention with the support of prominent investors such as Hailey Bieber, Kris Jenner, Sheryl Sandberg, and Sara Blakely.

What is Phia and What Does it Offer?

Equipped with artificial intelligence technology, Phia aims to provide solutions to the price and product chaos experienced in online shopping. It allows users to track real-time discounts and make price comparisons, thereby making the shopping experience more efficient. The Phia app has increased its popularity by reaching over 750,000 downloads in just eight months. These features are among the significant factors that set Phia apart from its competitors.

Bill Gates' Support Process

While Bill Gates has not directly invested in this venture, he has previously expressed his support for Phoebe's initiative. He often mentions his satisfaction with his daughter's progress in a field filled with technological innovations.