Five retail technology funding rounds you need to know about

RTIH rounds up the retail systems ventures who have recently bagged significant investments.

1. Feel

UK-based multivitamins subscription startup Feel has closed a £4.5 million Series A funding round, led by Fuel Ventures and including TMT Investments, Sova VC, Richard Longhurst (founder of LoveHoney) and Igor Ryabenkiy (founder and GP of Altair Capital).

The company was founded in 2019. It intends to expand across EMEA and target new verticals to serve pregnancy, kids, pets and cognition.

2. Home Delivery Service

Home Delivery Service (HDS Global) has raised $3 million for the launch of its robot powered e-groceries and general merchandise offering.

This is the brainchild of Louis Borders, who also founded Borders Books & Music, Synergy Software, and Webvan.

3. Snappy Group

Former Sainsbury’s CEO Justin King has taken a “significant” stake in grocery delivery app Snappy Shopper.

He is also set to join the Snappy Group’s board as Non-Executive Director following a recently launched Series A funding round.

Snappy Group is formed of two businesses: Snappy Shopper and Hungrrr.

The best thing since sliced bread 👋 We deliver your groceries from your local store, directly to your door from as little as 30 minutes. Download the Snappy Shopper app now to get started 📲 https://t.co/zJ95RA2ZDC pic.twitter.com/K8HAyJqBoC
— Snappy Shopper (@SnappyShopperUK) April 26, 2021

4. Odore

Odore, a beauty tech startup that works with the likes of Guerlain, Clive Christian and L’Oréal, has raised $830,000 in a round led by SFC Capital and also involving RLC Ventures.

The company notched up a small angel raise when it launched in 2018, but this is its first full seed investment.

5. Deliverect

Deliverect, a Belgian startup that connects the likes of Uber Eats, Deliveroo, Doordash, and Just Eat Takeaway.com to restaurants’ PoS systems, has raised $65 million in a Series C funding round.

This involved DST Global Partners and Redpoint Ventures, as well as existing investors OMERS Ventures, Newion and Smartfin. Deliverect’s founders also participated in the round.

The Series C brings total fundraising to more than $90 million.