MizMaa Ventures and Korea Investment Partners have co-led a $15m round for the e-commerce search technology developer, which counts Naspers, Alibaba and Yahoo Japan as backers.

Twiggle, an Israel-based e-commerce software developer backed by e-commerce firm Alibaba, internet company Yahoo Japan and media and e-commerce group Naspers, has received $15m in new funding, TechCrunch has reported.

Investment firm MizMaa Ventures and venture capital and private equity firm Korea Investment Partners co-led the round, which increased Twiggle’s total funding to $33m, according to TechCrunch.

Founded in 2014, Twiggle provides complex search technology for e-commerce platforms that utilises artificial intelligence, machine learning and natural language processing, meaning their…