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BeMyEye Competitive Intelligence & Landscape
bemyeye.com ·
Overview
BeMyEye Overview
Founded in 2011, BeMyEye has established itself as a pioneer in the crowdsourced data collection space. The company's platform allows clients to set up and deploy missions that are then executed by registered users via a mobile app. These users, or "Eyes," visit stores, take photos, answer questions, and provide valuable feedback directly from the point of sale. This model offers unparalleled scalability and speed compared to traditional auditing methods, making it an agile solution for market research, merchandising, and sales teams.
BeMyEye primarily targets FMCG brands, retailers, and manufacturers who need to understand their products' presence and performance in physical retail environments. Their services are crucial for companies aiming to ensure their products are always on shelves, correctly priced, and promoted according to plan. With headquarters in London, UK, the company operates internationally, serving a diverse client base across multiple countries in Europe and beyond, supporting their mission to provide accessible and actionable retail intelligence.
While specific current company size in terms of employee count can fluctuate, BeMyEye is recognized as a significant player in the retail tech and market research sectors, facilitating thousands of retail audits daily. Their value proposition centers on delivering unrivaled speed, accuracy, and cost-effectiveness in retail data collection, helping businesses bridge the gap between their marketing strategies and real-world store execution. By providing a clear picture of what's happening on the ground, BeMyEye enables its clients to react swiftly to market changes and maintain a competitive edge.
Competitors
BeMyEye Competitors
Another key competitor is Gigwalk, which also connects businesses with local individuals for tasks and data collection, similar to BeMyEye.
Gigwalk offers a platform for a wider array of task types, including mystery shopping, product testing, and in-store audits, making it a direct competitor in the retail intelligence sector. The key differentiators often lie in the specific geographic focus and the types of clients each company attracts, with BeMyEye specializing in detailed retail execution insights and Gigwalk providing a more general crowdsourcing solution for various business needs. Both leverage mobile technology for task management and data submission, but their market positioning can vary based on regional strengths and client acquisition strategies.
Survey.com (formerly Survey.com) is also a direct competitor, offering retail audit and merchandising services through a crowdsourced network. They provide businesses with insights into store conditions, planogram compliance, and promotional execution. Similar to BeMyEye, Survey.com aims to provide actionable data for CPG brands and retailers to optimize their in-store presence. The comparison often comes down to the depth of analytics, the size and reach of their respective crowd networks, and the specific reporting capabilities offered. Both companies compete for market share by demonstrating superior data accuracy, speed of insights, and cost-effectiveness compared to traditional auditing methods.
Indirectly, traditional market research firms that offer in-person retail audits and mystery shopping services, such as parts of NielsenIQ or IRI, can be considered competitors. While these larger firms may offer a broader suite of services including panel data and syndicated research, their in-store data collection arm directly overlaps with BeMyEye's offerings.
BeMyEye differentiates itself by offering faster, more agile, and often more cost-effective solutions due to its crowdsourced model, as opposed to the more structured and potentially slower processes of traditional agencies. These traditional firms often serve larger enterprises with established budgets, while BeMyEye appeals to companies seeking speed and flexibility in their retail intelligence.
Finally, the in-house solutions developed by large retailers and CPG companies, where they utilize their own field teams or proprietary systems for data collection, represent another form of competition. While not a direct service provider, these internal capabilities mean these companies may not seek external crowdsourced solutions.
BeMyEye competes by demonstrating that its external crowd offers greater scale, efficiency, objectivity, and cost savings compared to maintaining internal teams for extensive store visits and data verification.
Alternatives
BeMyEye Alternatives
Product & Pricing
BeMyEye Product and Pricing Intelligence
While specific, publicly advertised pricing plans and tiers are not prominently displayed on the BeMyEye website, their service model suggests a tailored, enterprise-focused approach. Clients typically engage BeMyEye for custom data collection projects, implying that pricing is likely determined by the scope, frequency, and complexity of the data required. The platform emphasizes its ability to scale data collection efforts globally, suggesting a flexible pricing structure that can accommodate various business needs from small-scale checks to large, multi-country audits [https://www.bemyeye.com/solutions/retail-audit-software/].
BeMyEye differentiates itself by offering access to a vast network of individuals who can physically visit stores to collect specific data points, rather than relying solely on web scraping or syndicated data. This "human-as-sensor" model means that the cost is likely tied to the number of tasks performed by the "Eyes," the complexity of those tasks, and the geographic distribution. There is no mention of free versus paid features in a typical SaaS subscription model; instead, it operates as a service where data collection is executed on demand. Recent pricing changes are not publicly disclosed, aligning with their custom project-based service model rather than standardized subscription tiers [https://www.bemyeye.com/solutions/e-commerce-intelligence/].
Hiring & Layoffs
BeMyEye Hiring and Layoffs
While specific details on recent hiring sprees or significant layoffs are not prominently disclosed on public career pages, the nature of BeMyEye's service – relying on a large, flexible workforce of independent contractors – means its
Leadership
BeMyEye Management and Leadership Team
As of recent information, the executive team includes several prominent figures. Luca Pagano serves as the CEO of BeMyEye, leading the company's overall vision and growth. Thomas Kressner holds the position of CFO, overseeing financial strategy and performance. Jonathan Lewis is the CTO, responsible for technological innovation and development of the platform.
While specific recent leadership changes at the board level or detailed information on all individual board members are not always publicly disseminated with high frequency, the company's C-suite is regularly engaged in steering its market position. The focus remains on leveraging their collective expertise to enhance BeMyEye's offerings in real-time retail auditing and task execution through its network of 'Eyes'. Their leadership aims to solidify BeMyEye's standing as a significant player in providing actionable insights for businesses through its innovative platform.
Financials
BeMyEye Financial Performance, Fundraising, M&A
BeMyEye has successfully navigated several fundraising rounds, securing substantial capital to fuel its growth. Notably, the company raised a Series C funding round in late 2020, bringing its total funding to approximately 20 million Euros. This round saw participation from existing investors such as Nauta Capital and P101, alongside new strategic investors, reflecting strong confidence in BeMyEye's business model and future prospects.
The company has also engaged in strategic mergers and acquisitions (M&A) to bolster its market position and technological capabilities. A key acquisition was that of French competitor LocalEyes in 2017, which significantly expanded BeMyEye's operational reach and client portfolio within Europe. This acquisition not only increased its market share but also integrated LocalEyes' advanced image recognition technology, enhancing BeMyEye's data collection and analysis tools. These strategic moves underscore BeMyEye's commitment to growth and innovation in the retail intelligence sector.
Partnerships
BeMyEye Partnerships, Clients and Vendors
Key enterprise clients for BeMyEye include numerous well-known brands that benefit from enhanced visibility into their retail channels. Notable examples include Coca-Cola, Samsung, P&G, Nestlé, Heineken, Unilever, and Lavazza [https://bemyeye.com/about-us/]. These partnerships highlight BeMyEye's capability to serve global leaders in the FMCG, electronics, and beverage industries, demonstrating the platform's scalability and effectiveness in driving better merchandising and promotional execution.
BeMyEye's partnerships are primarily client-focused, providing direct value through actionable retail intelligence. The company's business model is inherently built on the relationship with its clients, acting as an extension of their field teams by deploying its network of "Eyes" – individual users who complete tasks for remuneration. This crowdsourcing model itself represents a unique partnership strategy, enabling brands to tap into a flexible and geographically dispersed workforce for data collection without the overheads of traditional field teams.
Events
BeMyEye Event Participations
Historically, companies like BeMyEye would find value in exhibiting at or attending major retail trade shows and industry-specific conferences to showcase their solutions and network with potential clients and partners. Such events provide platforms for demonstrating their mobile crowdsourcing platform's capabilities in areas like in-store execution, competitor monitoring, and market research.
Furthermore, webinars and online presentations are common avenues for BeMyEye to share insights on retail trends, best practices in field marketing, and how their technology can help brands and retailers optimize their in-store performance. While exact past webinars are not immediately visible, it is a standard practice for B2B technology companies in this space to leverage digital events for thought leadership and lead generation.
Frequently Asked Questions
What kind of strategic focus does BeMyEye's hiring signal for its future growth?
BeMyEye's continuous demand for field agents and data gatherers indicates a strategic focus on scaling its operational capacity and market reach. The company emphasizes expanding its network of independent contractors to perform tasks like price checks and planogram compliance, crucial for its crowdsourced retail auditing model.
How do BeMyEye's financials reflect its market position and strategic ambitions?
BeMyEye's reported annual recurring revenue (ARR) of over 10 million Euros in early 2021 and approximately 20 million Euros in total funding from a Series C round in late 2020 demonstrate robust financial health and investor confidence. This financial strength, supported by investors like Nauta Capital and P101, underpins its capacity for continued innovation and market expansion, including strategic M&A.
What was the strategic rationale behind BeMyEye's acquisition of LocalEyes in 2017?
The acquisition of French competitor LocalEyes in 2017 was a strategic move to significantly expand BeMyEye's operational reach and client portfolio within Europe. This also integrated LocalEyes' advanced image recognition technology, enhancing BeMyEye's data collection and analysis tools and bolstering its market share.
What does the composition of BeMyEye's C-suite indicate about its operational priorities?
The C-suite, including CEO Luca Pagano, CFO Thomas Kressner, and CTO Jonathan Lewis, indicates a focus on overall vision, financial strategy, and technological innovation. Their collective expertise aims to enhance BeMyEye's real-time retail auditing and task execution offerings, solidifying its position in crowdsourced data collection.
How does BeMyEye differentiate its crowdsourced data collection from competitors like Premise and Gigwalk?
BeMyEye differentiates itself by heavily focusing on in-store retail audits and merchandising compliance within established markets, whereas Premise often targets broader data types and developing markets. Compared to Gigwalk, which offers a wider array of task types, BeMyEye specializes in detailed retail execution insights, appealing to clients needing specific retail intelligence.
What is BeMyEye's strategic response to competition from traditional market research firms?
BeMyEye strategically competes against traditional market research firms like NielsenIQ and IRI by offering faster, more agile, and cost-effective solutions through its crowdsourced model. This approach appeals to companies seeking speed and flexibility in retail intelligence, contrasting with the potentially slower and more structured processes of traditional agencies.
What is the typical pricing model for BeMyEye's services, given its product offerings?
BeMyEye's service model suggests a tailored, enterprise-focused approach where pricing is likely determined by the scope, frequency, and complexity of data required for custom data collection projects. Pricing is tied to the number of tasks performed by its 'Eyes,' their complexity, and geographic distribution, rather than standardized subscription tiers.
Which types of clients are BeMyEye's partnerships primarily focused on, and what value do they derive?
BeMyEye's partnerships are primarily client-focused, serving global leaders in FMCG, electronics, and beverage industries such as Coca-Cola, Samsung, P&G, and Nestlé. These clients derive value from actionable retail intelligence, enhanced visibility into their retail channels, and improved merchandising and promotional execution through BeMyEye's crowdsourced platform.
How does BeMyEye's 'human-as-sensor' model provide a competitive advantage in product and pricing intelligence?
BeMyEye's 'human-as-sensor' model provides a competitive advantage by leveraging over one million on-demand data collectors to physically visit stores. This allows for real-time, on-site data gathering from retail environments, offering critical insights into competitor pricing, product availability, and promotional activities that web scraping or syndicated data cannot fully capture.
What strategic purpose does BeMyEye's international operation serve for its clients?
BeMyEye's international operations, headquartered in London, UK, serve to provide accessible and actionable retail intelligence to a diverse, global client base across multiple countries. This enables brands and retailers to optimize in-store strategies and react swiftly to market changes globally, ensuring consistent product presence and performance.
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