Six retail technology funding rounds you need to know about

RTIH rounds up the retail systems ventures who have recently bagged significant investments, including Tapcart, GOAT Group, Shogun and Secret Sales.

1. Browze

Browze, an online marketplace for curated lifestyle products, has bagged $12.5 million in Series A funding.

The round was led by Valor Siren Ventures and distributed in two parts, first $7.5 million in 2020, followed by an extension of $5 million that closed recently. It takes Browze’s total funding to date to $13.5 million.

2. Shogun

Shogun has raised $67.5 million in Series C funding led by Insight Partners, with participation from Initialized Capital, Accel, and VMG Partners.

The venture has developed a platform to help e-commerce businesses built on platforms like Shopify, Magento and BigCommerce design and run their own responsive storefronts.

The Series C values it at $575 million.

Today we are excited to share that Shogun has raised $67.5 million in Series C funding, led by @insightpartners with participation from @Initialized, @Accel, and @vmg_partners.https://t.co/zbPQ6bryS7

(1/2) pic.twitter.com/jX4fHXbsrK
— Shogun (@Shogun) June 30, 2021

3. GOAT Group

GOAT Group, a US-based marketplace for authentic sneakers, apparel, and accessories, has closed a Series F funding round of $195 million, and notched up a valuation of $3.7 billion.

This was led by Park West Asset Management, funds and accounts advised by T. Rowe Price Associates, Franklin Templeton, Adage Capital Management and Ulysses Management.

GOAT, which was founded in 2015, will use the proceeds from the round to further invest in growth in its sneaker business as well as its apparel and accessories verticals.

It also plans to increase its global footprint of 13 facilities with the addition of Chicago, China, Japan and Singapore, and make significant investments in its technology and brand.

4. ShipBob

ShipBob, a platform that fulfils e-commerce orders for direct-to-consumer brands, has raised $200 million.

This takes the venture’s valuation to over $1 billion, doubling the number compared to its last round, a Series D that it closed in September 2020.

🇬🇧🇬🇧🇬🇧 IT'S OFFICIAL!
ShipBob has launched its first fulfillment in the United Kingdom!

This expansion enables ecommerce businesses to thrive within the UK by addressing customers' expectations of fast & affordable shipping.

Get all of the details here: https://t.co/Det0vmrIrJ pic.twitter.com/caXy5SkhC0
— ShipBob (@ShipBob) March 4, 2021

5. Secret Sales

Secret Sales, an online marketplace for fashion, footwear, accessories, beauty and homeware, has secured €10 million in Series A funding.

This was led by the family backed private equity and growth capital investor Perwyn Growth Capital and supported by Belerion Capital, an early stage investor in Asos, The Hut Group and boohoo.