Ten Great Retail Technology Financing Rounds You Need To Know – Retail Technology Innovation Hub

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5. Patchwork

Gresham House Ventures made a $ 3.3 million investment in Patchworks, a software company that helps e-commerce companies automate and manage data flows through backend systems.

This marks the first third investment in the last year in the digital consumer space, as it focuses on technologies that enable the D2C ecommerce offerings that it believes are crucial for the future of the retail industry.

He previously supported shipping optimization software provider Scurri and is responsible for the RevLifter customization platform.

The investment will allow Patchworks to strengthen its sales and marketing capabilities and advance product development as the company seeks to capitalize on the continued growth of e-commerce.

Patchworks was founded in 2014 and clients include Gymshark, Shopify, and Zwift. Its software connects leading e-commerce systems, including shop front, ERP, CRM, and warehouse management, allowing companies to simplify the integration of their technology stack.

6. refurbished

refurbed, a European market for refurbished electronics, has closed a $ 54 million Series B funding round led by Evli Growth Partners and Almaz Capital.

This is based on a $ 17 million Series A round last year.

7. Bluecore

Retail marketing tech firm Bluecore has closed a $ 125 million Series E funding round led by existing investor Georgian.

This brings his total funding to more than $ 225 million and puts his valuation at $ 1 billion.

The company will use the money to accelerate the development of its e-commerce products and investments in artificial intelligence and analytics.

8. End

Sona has raised a $ 2.2 million pre-seed round as it seeks to accelerate the development and adoption of its retail employee app.

This was led by Speedinvest, with the participation of angel investors including Andy Leaver of Notion Capital, Lorenzo Franzi of Flash Ventures and several partners of Novator Partners.

UK-based Sona says its platform, which digitizes day-to-day tasks such as shift and holiday booking, is currently being tested in two national retail brands ahead of full launch next month.

9. Trendyol

Trendyol, a Turkey-based e-commerce platform, raised $ 1.5 billion, valuing the company at $ 16.5 billion.

The new funding also makes it Turkey’s first decacorn. The round was co-led by General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority.

It comes a few months after strategic and majority backer Alibaba invested $ 350 million in the firm with a valuation of $ 9.4 billion.

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