Eight big retail technology funding rounds
RTIH rounds up the retail technology ventures who have been making waves with major investments.
1. Perfect Corp.
Beauty tech solutions provider, Perfect Corp., has closed a $50 million Series C round led by Goldman Sachs.
This brings the venture’s total raised so far to round $130 million.
2. Udaan
Indian business-to-business e-commerce startup Udaan has raised $280 million.
The extension of its Series D round includes existing investors Tencent, Lightspeed Venture Partners, DST Global, GGV Capital and Altimeter Capital, along with new investors - Octahedron Capital and Moonstone Capital.
3. Resident
Resident, a platform of direct-to-consumer brands in the home goods space, has announced a £97.5 million Series B funding round.
This was led by Ion Crossover Partners and Nexus Capital Management with participation from Baron Capital Group.
The funds will be used to expand its bricks and mortar retail footprint in the US and strengthen its supply chain and infrastructure.
4. Rapyd
PayTech venture Rapyd is basking in the glow of a $300 million Series D financing round led by Coatue.
Several new investors participated in the financing, including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment from General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and Entrée Capital.
The cash will be used to double the engineering and product teams, as well as expand the “self-service” element of Rapyd’s platform, which helps companies offer local payment methods and FinTech services.
5. Jumbotail
Jumbotail, an India-based online wholesale marketplace for grocery and food items, has raised an additional $14.2 million.
The new tranche of its Series B financing round was led by VII Ventures, with participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners and Discovery Ventures.
The startup ended up raising around $44 million in the round and has now bagged $54 million in total equity investment.
6. Curve
London-based PayTech venture Curve has announced a $95 million Series C round.
This was led by IDC Ventures, Fuel Venture Capital and Vulcan Capital (the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen), with participation from OneMain Financial, the US personal finance company, and Novum Capital.
The fundraise brings the total investment in Curve to almost $175 million.
7. Nacelle
Nacelle, a US-based headless commerce platform for online retailers, has raised $18 million in Series A funding.
This was led by Inovia Capital and included previous investors Index Ventures and Accomplice, with Lerer Hippeau, High Alpha, Silas Capital also participating.
8. Weezy
Weezy has landed $20 million in Series A funding to expand its grocery delivery service across London and the UK.
The round was led by New York-based venture capital fund Left Lane Capital.
Sign up for our free retail technology newsletter here.
