11.8 C
London
Tuesday, September 27, 2022

Retail Tech Startup Rapidly Valued at $1 Billion After Raising Another $100 Million • londonbusinessblog.com

Must read

Boom In Jobs: Corporate India gets to work, IT sector leads the way

The pace of job creation is rising to 8.5% after losses during the pandemic.According to Jefferies, total employee expenses grew 13% year-over-year in FY22,...

Inside The Life of Troy Landry: His Bio, Career, Net Worth

Troy Landry, known as The King of Swamp, is the most famous alligator hunter in America. Landry, 62, is the centerpiece of History...

Doug Mastriano said in 2019, women who violate the proposed abortion ban should be charged with murder

sen. Doug Mastriano of the state, the Republican nominee for governor in Pennsylvania, said in 2019 that women should be charged with murder...

A new Instagram test removes the store tab from the home screen • londonbusinessblog.com

Meta is making it harder to find the Store tab on Instagram with its latest test. In the new test, the Store tab...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Fast systems entered unicorn territory after announcing today it won another $100 million round, this time in a Series C. The new funding was led by BRV Capital Management.

If you’re feeling déjà vu, you’re right: This is the second $100 million the retail tech company has raised in the past six months — and also in a tough fundraising market. We covered Swiftly’s $100 million Series B in March.

Much of the retail tech is e-commerce-centric, but Swiftly’s technology leverages that online shopping experience to make brick-and-mortar shopping just as attractive and convenient. It also provides analytics and advertising so that those stores can compete with e-commerce retailers using their operational strength without being penalized by an aging or non-existent technology platform.

Earlier this year, we reported that Swiftly was used by hundreds of consumer brands in nearly 10,000 retail locations, generating more than $30 billion in gross trading volume.

To target the 200,000 brick-and-mortar food retailers in the US, the company sought additional capital that Sean Turner, chief technology officer at Swiftly, said via email will ensure retailers have “the digital platforms they need.” are for both service to their customers and win new customers, and also to seize the opportunity to increase their market share in the retail media revenue.”

“The speed and scale of the tools deployed by the largest retailers require a deep commitment and investment to democratize that technology for brick-and-mortar retailers around the world,” Turner added. “To stay relevant, brick-and-mortar retailers must naturally boost their digital presence and focus on providing true omnichannel experiences for customers.”

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Boom In Jobs: Corporate India gets to work, IT sector leads the way

The pace of job creation is rising to 8.5% after losses during the pandemic.According to Jefferies, total employee expenses grew 13% year-over-year in FY22,...

Inside The Life of Troy Landry: His Bio, Career, Net Worth

Troy Landry, known as The King of Swamp, is the most famous alligator hunter in America. Landry, 62, is the centerpiece of History...

Doug Mastriano said in 2019, women who violate the proposed abortion ban should be charged with murder

sen. Doug Mastriano of the state, the Republican nominee for governor in Pennsylvania, said in 2019 that women should be charged with murder...

A new Instagram test removes the store tab from the home screen • londonbusinessblog.com

Meta is making it harder to find the Store tab on Instagram with its latest test. In the new test, the Store tab...

Is Silicon Valley Really Losing Its Crown? • londonbusinessblog.com

Where is the heart of the technology industry? The simple answer is "Silicon Valley," a term that now generally means the San Francisco-San Jose-Oakland area...