Five big retail technology funding rounds you need to know about

RTIH rounds up the retail systems ventures who have recently bagged significant investments, including Lolli, Dixa and Gopuff.

1. Gopuff

Rapid grocery delivery startup, Gopuff, is close to raising approximately $1 billion, valuing it at $15 billion, according to media reports.

The venture was last valued at $8.9 billion after a March funding round pulled in $1.15 billion.

The latest round will include participation from Blackstone Group, and also existing investor Fidelity.

Gopuff is using the cash to to acquire new customers, build out its infrastructure and acquire other companies.

2. Lolli

Bitcoin rewards startup Lolli has secured $10 million in a Series A funding round led by Acrew Capital.

Banana Capital, Up North Management, and Animal Capital, the Gen. Z-focused venture capital fund founded by social media big hitters Josh Richards, Griffin Johnson, and Noah Beck, also participated.

The round also includes investments from influencers and entrepreneurs such as Logan Paul, Chantel Jeffries, Lauren Riihimaki of LaurDIY, Kenny Beecham, and Baron Davis.

Lolli, which was founded in 2018, will use the cash to expand the company and develop its recently launched mobile app.

We’re thrilled to announce our $10M Series A funding round with an incredible team of investors. 🚀

This round was led by @acrewcapital and includes @loganpaul, @joshrichards, @ChantelJeffries, @laurDIY, @BaronDavis, @TurnerNovak, & many more!

Release: https://t.co/JkH6jL3QUf
— Lolli 🍭 (@trylolli) July 28, 2021

3. HappyFresh

HappyFresh, an on demand grocery delivery venture based in Indonesia, has raised $65 million in a Series D round.

This was led by Naver Financial Corporation and Gafina, with participation from STIC, LB and Mirae Asset Indonesia and Singapore.

Returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital were also involved

HappyFresh, which was founded in 2014, previously raised a $20 million Series C in April 2019.

The new funding will be used to scale its operations, add more payment methods, improve user experience and increase its assortment of items.

4. Dixa

Customer engagement platform startup, Dixa, has announced a $105 million Series C funding round.

This was led by General Atlantic, with participation from existing investors Notion Capital Project A and Seed Capital.

Dixa, which was founded in Denmark in 2015 and launched to market in 2018, will use the new funds to invest in product development, including potential new acquisitions (following its acquisition of Elevio in January 2021), and plans to quadruple the engineering team by the end of 2022.

Additionally, the company will focus on significantly scaling its global presence.

We’ve just raised $105M in Series C funding! 🥳 This is a proud day for the Dixa family as we continue to scale and make our mission of great customer service for everyone, everywhere a reality 💜https://t.co/em350j3EZs pic.twitter.com/EuTwFQ79bh
— Dixa (@DixaApp) July 28, 2021