Six retail technology funding rounds you need to know about
RTIH rounds up the retail systems ventures who have been making waves with major investments, including Cogsy, 3DLOOK and theUp.co.
1. Cogsy
Cogsy, a real-time operational intelligence and supply chain management platform for SME e-commerce merchants, has raised a $6 million seed round led by Accel.
There was also participation from Bain Capital Ventures, WooCommerce (Automattic), Sugar Capital, and RiverPark Ventures.
Angel investors including Casey Armstrong (CMO, ShipBob), Jay Myers (co-founder, Bold Commerce), Brian Long (co-founder and CEO, Attentive), Tomer Tagrin and Omri Cohen (co-founders, Yotpo) also took part in the round.
2. 3DLOOK
3DLOOK, a startup which offers AI powered mobile body measuring and fit solutions, has raised an additional $3.5 million, bringing the total funding for its Series A round to $10 million.
This involved the likes of Spidertek. Flyer One Ventures and Startup.Network.
3DLOOK will use the cash to scale its virtual fitting product, YourFit. As of the end of 2021, the venture had raised a total of $14.7 million.
3. theUp.co
London-based theUp.co has secured a £7 million cash injection to support the expansion of its hospitality “super app”.
Investors include Jägermeister, former Monzo CEO, Tom Blomfield, and JamJar Investment.
theUp.co is the parent company of European phone charging network ChargedUp, venue operator platform and mobile order and pay app, ServedUp and hand sanitiser station network CleanedUp.
4. VOLY
Australian instant online grocery supermarket, VOLY, has raised AU$18 million in a seed round led by Sequoia Capital India, and with increased backing from Global Founders Capital (GFC) and Artesian Capital.
The venture, which launched in July, says the cash will enable it to continue to scale, expand its team, rapidly increase operations across key urban centres and start a national roll-out.
5. Veho
Veho, a startup that enables personalised next-day package delivery, has announced a $125 million Series A raise led by General Catalyst at a $1 billion valuation.
The cash will be used to grow its team, expand from 14 to 50 US markets by the end of 2022, and improve the consumer experience through technology advancement.
Powered by a crowdsourced driver marketplace, Veho's technology matches demand for package delivery with driver partners.
6. Kurly
Korean online grocery startup Kurly has bagged $210 million in a pre-IPO round from single backer Anchor Equity Partners.
This brings its total raised to approximately $761 million and values the company at $3.3 billion.
The Seoul-based venture, which provides next-day delivery services, will use the fresh capital to advance its data infrastructure and logistics service and recruit talent.
