Six retail technology funding rounds you need to know about

RTIH rounds up the retail systems ventures who have recently bagged significant investments, including Trigo, Bringg, Scurri and EBANX.

1. Yellowpop

Yellowpop, a brand that specialises in LED neon signs, has closed its first ever funding round, pulling in $4 million.

The startup, which launched two years ago, plans to utilise the capital to continue its global expansion through 2021 and further develop as a lifestyle and home brand.

2. Scurri

E-commerce venture Scurri has announced a €9 million investment as it looks to accelerate growth in the UK market.

Gresham House Ventures headed up the round. Existing investors including family offices represented by Millview advisory, Pa Nolan and others also participated.

This brings the company’s total funding to €15.3 million to date.

Thanks to @RTIH_RetailTech! More great coverage on our awesome news! 🔥 https://t.co/XKnor8GTfC
— Scurri (@scurri) June 15, 2021

3. EBANX

EBANX, a cross-border commerce platform in Latin America, has landed an investment of $400 million from Advent International and an additional commitment of $30 million to its planned IPO in the US.

This builds on the firm receiving $30 million from FTV Capital in 2018 and an undisclosed follow on investment a year later, which saw EBANX achieve unicorn status.

It will use the latest capital to fund further expansion across Latin America.

4. Bringg

Delivery and fulfilment cloud platform provider, Bringg, has closed a $100 million Series E round led by Insight Partners.

There was also participation from seven existing investors, including Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures, and Viola Growth.

The funding will be used to scale Bringg’s platform through M&A and by growing its ecosystem of strategic and technology partners.

The investment also brings the venture’s market valuation to $1 billion, making it the first and only unicorn in the last mile delivery and fulfilment cloud technology space.

5. BrowserStack

BrowserStack, a website testing platform for DevOps teams, has secured $200 million in Series B funding at a $4 billion valuation.

The round was led by BOND, with participation from Insight Partners and existing investor Accel.

BrowserStack, which lays claim to 50,000+ customers and four million+ developer signups, says that the investment will support strategic acquisitions, expansion of its product offerings, and continued scale and growth.

We're excited to announce that BrowserStack has secured $200 million in Series B funding at a $4 billion valuation. 🎉

The round was led by @bondcap with participation from @insightpartners and existing investor @Accel.

We've come a long way since our founding👇[1/5] pic.twitter.com/fM8Kn1dDRj
— BrowserStack (@browserstack) June 16, 2021

6. Trigo

Cashierless checkout startup Trigo has secured an investment from German retailer REWE Group, and Israel-based technology growth capital and buyout fund Viola Growth.

This takes it total fundraising to over $100 million.

Trigo has also announced a new partnership with REWE Group to deliver a ‘grab and go’ shopping experience at a new store in downtown Cologne.

REWE, Germany’s second largest grocery retailer with 3,700 stores, is the second major European grocer to both open stores with Trigo and invest in the startup, following Tesco’s move in 2020.