Five retail tech funding rounds you need to know about
RTIH rounds up the retail technology ventures who have been making waves with major investments.
1. Alma
French buy now, pay later venture Alma has closed a €49 million Series B financing round involving Idinvest, Cathay Innovation, the French Public Investment Bank (Bpifrance), Seaya Ventures and Picus Capital.
2. Starship Technologies
Starship Technologies has raised $17 million and completed one million autonomous deliveries.
It says that it is the first autonomous delivery company in the world to hit this number.
Investors include TDK Ventures and Goodyear Ventures. Bagging $17 million brings Starship’s total funding to $102 million.
3. Bloomreach
E-commerce specialist Bloomreach has acquired customer data and experience platform Exponea. Terms of the deal were not disclosed.
It has also announced an investment of $150 million from Sixth Street Growth.
4. Marxent
3D commerce platform venture, Marxent, has secured Series C financing.
"Marxent's 3D commerce platform will transform both the customer experience and underlying ecosystem like Netflix and Tesla did for their categories,” says Arnie Bellini of Bellini Capital, the lead investor in the round.
5. autoRetouch
autoRetouch, an AI powered image editing platform for fashion and lifestyle brands, has secured seed funding of €3.2 million, with European apparel retailer Breuninger leading the investment.