DemandJump, a customer acquisition platform, has completed a $6 million Series A financing round. The capital was funded by a group investors including Revolution’s Rise of the Rest Seed Fund, Flyover Capital, Cultivation Capital, 4G Ventures, Bob Davoli and Hyde Park Venture Partners.
The marketing platform plans to use the capital on sales, marketing and product innovation expansion.
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Chairish, Inc. is the latest retailer that has jumped into the augmented reality (AR) craze, launching an AR feature in its iPhone and iPad apps that lets buyers visualize its products in their home. In an exclusive Q&A with Retail TouchPoints, Gregg Brockway, the Co-Founder and newly named CEO of Chairish, Inc., shares:
Just weeks after opening its flagship store in Manhattan, fashion retailer Rent the Runway has announced a $60 million funding round led by Fidelity Management and Research Company. The round includes contributions from existing investors Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners, and Advance Publications, Inc.
With the latest round, Rent the Runway has procured more than $190 million in venture capital investment. The brand’s new undisclosed valuation represents a “significant step up” from the $520 million valuation it earned when it raised a $60 million round in 2014, according to Co-founder and CEO Jennifer Hyman in an interview with Recode.
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Online payments provider Stripe has raised $150 million in Series D funding, the company’s largest round to date. With the reported cash infusion, Stripe’s valuation has nearly doubled from $5 billion to $9.2 billion.
CapitalG, the investment arm of Google parent Alphabet, and venture capital firm General Catalyst Partners led the $150 million round, with participation from existing investors including Sequoia Capital. The startup has raised more than $450 million to date.
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Marketing software provider Emarsys has procured $22.3 million in funding from investment firm TPG Specialty Lending Europe (TSLE), an affiliate of credit asset platform TSSP. The financing is designed to fuel innovation in artificial intelligence and data science, and accelerate growth in existing and new markets.
Emarsys North America had 47 employees at its headquarters in downtown Indianapolis in June 2016, but plans to employ approximately 94 there by the end of the year. The goal is to boost that total to 167 by the end of 2020.
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E-Commerce software platform Brickwork has raised $5 million in Series A financing in a funding round led by investment firm Safeguard Scientifics. The financing includes contributions from new investor Recruit Strategic Partners, as well as existing investors Advancit Capital, Beanstalk Ventures, Cowboy Ventures and Forerunner Ventures.
Brickwork will use the funding to expand sales and marketing initiatives and strengthen its platform with deeper data science and analytics.
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Online grocery delivery company FreshDirect has reeled in its greatest funding round yet: $189 million. The funding has to be a positive sign not only for FreshDirect’s business but for the online grocery delivery sector a whole, as it signals the value that financial markets are placing on the business model.
With competition from big players such as AmazonFresh, Google Express, Instacart and Blue Apron lying on the horizon, as well as retailers such as Walmart and Kroger making hefty investments in curbside pickup options, FreshDirect will need all the assistance it can get if it intends to expand operations outside the Northeast. Jason Ackerman, Co-Founder and CEO of FreshDirect, revealed in a statement that the funding will:
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Project44, a supply chain visibility enterprise cloud platform, has procured a $10.5 million Series A funding round. The platform delivers an integrated SaaS network of web service APIs that are designed to facilitate real-time information flow and visibility between global supply chain partners, including retailers, suppliers and third-party logistics companies.
Venture capital firms Emergence Capital and Chicago Ventures as well as Silicon Valley Bank led the funding. Project44 will use the investment to shift its focus into new transportation modes — including truckload shipping, last mile and intermodal freight — and address additional data intelligence and analytics opportunities for the global supply chain.
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Zebpay, a mobile wallet dedicated to Bitcoin currency, has secured $1 million in series A funding from various private equity investors. The company intends to utilize the funding to ramp up innovation of its “blockchain” — the currency’s transaction database — laboratory, as well as hiring new talent to expand the company’s reach.
Prominent angel investors in the Zebpay fundraising included:
Padloc Inc., a provider of in-store mobile devices, has rebranded itself as Aila Technologies and has received $4.5 million in funding from private investment firm Romulus Capital.
With this funding round, Aila aims to accelerate the adoption of its technology, which is designed to transform tablets and other mobile devices into interactive kiosks, associate handhelds, POS portals and digital advertising.
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