Seven big retail technology funding rounds
RTIH rounds up the retail technology ventures who have been making waves with major investments.
1. RevLifter
E-commerce deals personalisation platform RevLifter has closed a £3.3 million Series A round.
This was led by Gresham House Ventures and Maven Capital Partners. It builds on a a seed round of £2.3 million in July 2019.
RevLifter’s clients include Harvey Nichols, Very, HP, Currys PC World and The Hut Group.
2. NearSt
NearSt, a British retail technology venture that aims to drive more people onto the high street, has raised £2 million in seed funding from international property company Grosvenor Group.
The London-based company, which was founded in 2015, has now raised £5 million in total.
3. GoCardless
GoCardless, a UK FinTech venture that specialises in recurring payments, has announced a Series F funding round of $95 million, led by Bain Capital Ventures.
It is now valued at over $970 million. The company will use the funding to accelerate its Open Banking strategy, which will include expanding its offering into the e-commerce market.
4. Brightpearl
Digital operations platform venture Brightpearl has announced a £25 million Series C round, led by Sage.
Sage is making a minority investment of approximately £17 million into the business and takes a seat on Brightpearl’s board.
5. Bolt
Online checkout technology startup, Bolt, has added $75 million to its Series C round, bringing its financing to a total of $125 million.
6. Trigo
Frictionless shopping outfit, Trigo, has closed a $60 million Series B round led by 83North.
This brings the Israel-based company’s total funding to $94 million.
7. Oxbotica
Oxbotica, a UK-based autonomous vehicle software specialist, has completed a $47 million Series B investment.
It has now raised $80 million in total.
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