Ten retail technology funding rounds you need to know about
RTIH rounds up the retail technology ventures who have been making waves with major investments.
1. Chord
Headless commerce startup, Chord, has raised $18 million in Series A investment funding led by Eclipse Ventures.
It has also acquired business intelligence platform, Yaguara.
2. Gorillas
German delivery startup Gorillas, which promises grocery orders within 10 minutes, has raised $290 million in Series B funding, taking its valuation past the $1 billion mark.
Earlier this month, the venture launched in London, following expansion in Germany and the Netherlands.
It is now delivering to Angel, Shoreditch and the surrounding areas.
3. Getir
Getir, a Turkish grocery delivery startup, has completed a $300 million Series C funding round, led by Sequoia Capital and repeat investor Tiger Global.
This closely follows a $128 million Series B round and values the company at $2.6 billion.
4. Benitago Group
Benitago Group, a startup that buys and grows Amazon businesses, has raised $55 million in seed funding.
The New York-based venture has bagged a combination of debt and equity from Coventure.
5. Productsup
Berlin-based e-commerce data integration company, Productsup, has raised $20 million in funding led by Nordwind Capital and Deutsche Handelsbank.
This brings its total funding to date to $45 million.
It will use the cash to drive innovation in product development, scale marketing and sales initiatives and expand its solutions to new markets, particularly in North America.
6. Swapi
Swapi, which has developed an app that lets people swap loyalty points between brands, has raised £350,000 in seed funding as it prepares to launch this autumn.
A collective of angel investors is backing the UK-based startup, including Sean Wilkinson, President at the Incentive Marketing Association Europe and Jon Bowles, founder of Cultural Capitalism.
Swapi was founded in 2020 by former Harvey Nichols and Harrods loyalty leader Pete Howroyd.
7. Everli
European e-grocery marketplace, Everli, has raised $100 million in a Series C funding round led by Verlinvest.
The startup, which was previously known as Supermercato24, will use the cash to accelerate growth and expand its international footprint.
8. Sorted
UK-based delivery software venture, Sorted, has raised $15 million in growth capital.
The funding will support the acquisition of a number of brands, along with product development, growth in the team, and global expansion plans.
Sorted has now raised £46.6 million in total.
9. LIVEKINDLY Collective
Fake meat startup, LIVEKINDLY Collective, has announced a capital raise of $335 million. This brings the total raised in its first 12 months to $535 million.
10. Butter
Butter, a London-based venture that started life as the UK’s first buy now pay later travel agency, has closed a £15.8 million funding round.
It says it will use the cash to “accelerate the roll-out of its responsible Open Banking-based BNPL shopping app”.