Check out these epic retail technology funding rounds
RTIH rounds up the in demand retail systems ventures who have recently bagged significant investments, including Rappi, Choco, Jokr and Yoobic.
1. Rappi
Colombian on-demand delivery startup, Rappi, has bagged approximately $500 million at a $5.25 billion valuation in a Series G round led by T. Rowe Price.
The venture, which launched in 2015, has now raised over $2 billion in total.
It is currently present in nine countries (Colombia, Mexico, Costa Rica, Peru, Ecuador, Chile, Argentina, Uruguay and Brazil) and more than 200 cities.
2. Fabric
E-commerce startup Fabric has landed a $100 million investment.
This comes just five months after it raised a $43 million Series A round.
The four-year-old company says revenue has grown more than 800% year-over-year, with the coronavirus pandemic accelerating e-commerce adoption.
The Series B round values it at $850 million.
3. Choco
Berlin-based startup, Choco, which has built ordering software for restaurants and their suppliers, has raised $100 million in Series B funding.
This was led by Left Lane Capital and gives it a $600 million post-market valuation.
The round comes just over a year after Choco's $63.7 million Series A and brings its funding to a total of $171.5 million in three years.
4. Yoobic
Yoobic has closed a $50 million Series C funding round led by Highland Europe.
Existing investors Felix Capital, Insight Partners, and a single family office advised by BNF Capital also participated in the round.
The company provides an app for frontline and service workers to manage tasks, communicate with eachother and management, and also go through training, development and and other e-learning tasks.
It has raised $80 million in total since inception and works with more than 300 brands across 80 countries, including Boots, Carrefour, Lancôme, Lacoste, and Puma.
5. Little Spoon
Little Spoon, which produces fresh, direct-to-consumer baby and children’s meals, has announced a $44 million round of Series B funding led by Valor Equity Partners, with participation from Kairos HQ.
This brings it to $73 million in total funding since it was founded in 2017.
6. Jokr
Rapid grocery delivery startup Jokr has closed a $170 million Series A funding round, three months after the company started operations in the US, Latin America and Europe.
Led by GGV Capital, Balderton Capital and Tiger Global Management, the funding will allow it to enter new cities and expand in current locations, including its home base of New York City.
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