The retail technology week in numbers
75%…Hospitality businesses are failing to embrace innovation, with 75% lacking a digital transformation strategy, according to research commissioned by Adyen and conducted by 451 Research.
50…US retailer Wakefern Food Corp. is expanding a pilot involving Focal Systems from four to 50 stores.
$2.5 million…Fold has raised $2.5 million from the likes of Craft Ventures, CoinShares, Slow Ventures, Goldcrest Capital and Fulgur Ventures.
The startup is also giving early access to its mobile shopping app. Available on iOS and Android, this lets users spend fiat or Bitcoin and get up to 20% cashback in the cryptocurrency at such retailers as Amazon, Uber, Starbucks and Hotels.com.
€10 million…Splio has closed a €10 million funding round led by Ring Capital and also including Swen Capital Partners and existing investors, BPI France and Amundi PEF.
25,000…Support for Bitcoin payments will soon be launched at 25,000+ sales points across 30 French retailers, including Decathlon and Sephora.
141%…Use of smartphones for online shopping in the UK has increased by 141% in 12 months, according to research from Feefo. The use of laptops and desktops, meanwhile, dropped by 47% over the same period.
£3.5 million…Mobile self-checkout startup MishiPay has completed a Series A funding round of £3.5 million, involving American Express Ventures, Nauta Capital and United Ventures.
$20 million…Blockchain platform startup Everledger has closed a $20 million Series A funding round. This was led by Tencent Holdings, with Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity and Vickers Venture Partners also participating.
56% of shoppers say they want to be more self-sufficient in food’, reducing the environmental impact of what they consume. Yet 40% of them still spend more on meat products than they do on fruit and vegetables, according to research by dunnhumby.
$21 million…UK-based AI-powered customer marketing startup, Ometria, has raised $21 million in a Series B funding round led by Octopus Ventures and also including existing investors Sonae IM, Summit Action, Samos and Adjuvo.
35% of UK retailers are concerned about their ability to join up online and offline retail experiences. Whilst 30% believe that the implementation and integration of new technology and digital solutions in-store is a primary concern on their corporate agenda.
£1 billion...UK businesses could be capitalising on a £1 billion opportunity by targeting Chinese consumers, according to research from Adyen, Global Blue and Emerging Communications.
100,000…Amazon has ordered 100,000 electric delivery trucks from Rivian as part of its aim to become carbon-neutral by 2040, 10 years earlier than is outlined by the United Nations Paris Agreement.
$19 million…Lookiero has closed a $19 million funding round led by MMC Ventures and also including existing investor All Iron Ventures, and new investors Bonsai Partners, 10x and Santander Smart.
£1.5 billion…UK retailers are losing up to £1.5 billion in potential sales because customers are returning products after using them, according to research from Checkpoint Systems.