Ten essential retail technology funding rounds
RTIH rounds up the retail systems ventures who have recently bagged significant investments, including Remedy Health, parcelLab, Vinted, Acquco, Zencargo, Lyst and Pine Labs.
1. Remedy Health
3D printing technology powered startup Remedy Health has raised $11 million in Series A funding, bringing its valuation to $71.6 million.
Investors included ADM Ventures and Cibus Fund.
Remedy Health, which was formed in May 2019, also secured follow on investment from Apater Capital and Henkel X.
2. parcelLab
Shipping software platform provider parcelLab has secured $112 million in Series C funding led by Insight Partners.
Endeit Capital joined as a co-investor and existing backers Capnamic Ventures and coparion also participated.
The previous round figures are not public knowledge, although a parcelLab spokesperson told RTIH that its Series C is the largest one secured thus far by the company.
3. Vinted
Online hand clothing marketplace Vinted has raised €250 million in a funding round led by EQT that values the venture at €3.5 billion.
4. Acquco
Acquco, a platform focused on acquiring third-party sellers on Amazon, has closed a $160 million Series A round.
Participants included CoVenture, Singh Capital Partners, Crossbeam, and also Aman Bhutani (GoDaddy CEO).
Acquco says it will use the cash to scale its portfolio to over $500 million of revenue by 2022 and continue building its technology platform.
5. Zencargo
Zencargo, a digital first freight forwarder which works with the likes of Vivienne Westwood, Swoon Furniture, and Farfetch, has raised $41 million in Series B financing.
This was led by Digital+ Partners, with participation from existing investors including HV Capital.
London-based Zencargo, which was founded in 2017, will use this latest round of funding to grow its team and further expand internationally, to the Netherlands, Hong Kong, and the US.
6. Lyst
Online premium fashion platform, Lyst, has announced an $85 million fundraising backed by the likes of Fidelity International and C4 Ventures.
The valuation at which Lyst is raising the money is unclear, but sources told Sky News it would be positioned as a pre-IPO round, with public flotation possibly taking place in the next year.
7. Pine Labs
Merchant commerce platform Pine Labs has announced the first close of a $285 million funding round, pushing its valuation to $3 billion.
8. Mamo
Mamo, a Dubai-based digital wallet and payments venture, has raised $8 million in a pre-Series A funding round.
This was led by Global Ventures, and also included the likes of 4DX Ventures, AlRajhi Partners, Olive Tree Capital.
9. Adroit Worldwide Media
London-based private equity firm ADM Capital Europe's Cibus Enterprise Fund has invested in Adroit Worldwide Media (AWM).
AWM provides a suite of products for retailers, including AWM Frictionless, which enables shoppers to walk into a store, remove products off the shelves and leave without any need to either scan purchases or go through a checkout line.
Digital weight sensing shelves also enable targeted advertising and dynamic pricing.
10. Back Market
Back Market, an online marketplace dedicated to refurbished electronics, has announced a Series D round of £237 million led by General Atlantic.
This also had the support of Generation Investment Management, as well as existing investors Aglaé Ventures, Eurazeo, Goldman Sachs Growth Equity and daphni.
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