Six 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. Raydiant
Digital signage and experience platform provider, Raydiant, has closed $13 million in Series A financing co-led by 8VC and Atomic.
The new capital, which brings the company's total funding to $20 million, will be used to invest in product development and expand its go-to-market team.
2. Scalapay
Italy headquartered buy now and pay later venture, Scalapay, has raised a $48 million seed round led by Fasanara Capital and also including Baleen Capital, and Italian Family Office Ithaca Investments.
Simone Mancini, Co-founder and Chief Executive Officer, says: "This new funding allows us to support our pipeline of merchants across Europe and further our mission by giving merchants exciting tools to make their e-commerce experience magical."
3. Fast
Online login and checkout experience specialist, Fast, has announced a $102 million Series B funding round led by Addition and Stripe, with participation from existing investors Index Ventures, Susa Ventures, Sugar Capital and Jaren Glover.
This brings Fast’s total funding to $124 million, following its $20 million Series A raised in March 2020 and a $2.5 million pre-seed round from October 2019.
4. YouPay
Sprint has invested in payments and e-commerce technology venture YouPay.
“YouPay is tackling the enormous multi billion dollar problem of abandoned e-commerce shopping carts and is seen as the next payment opportunity to transform online shopping conversions,” it says.
5. SamCart
SamCart, a US-based e-commerce platform pitched at direct to consumer brands, has announced a $10 million Series A funding round led by TTV Capital.
Fin VC and George Kaiser Foundation also participated in the round.
SamCart, which was founded in 2014, will be investing in marketing efforts, as well as staff recruitment in Austin, Texas, and the Washington D.C. area.
6. elmenus
Former Just Eat CEO David Buttress is joining the board of Egypt-based food discovery and ordering platform, elmenus, and making an undisclosed investment in the company.