CryptoPolyTech.com
Crypto, Politics, Tech, Gaming & World News.

Retail tech startup Swiftly valued at $1B after bagging another $100M

Our #TECH_Newser covers ‘news of the day’ #techNewserTechnology content.

Retail tech startup Swiftly valued at $1B after bagging another $100M

Swiftly Systems entered unicorn territory after announcing today that it grabbed another round of $100 million, this time in a Series C. The new funding was led by BRV Capital Management.

If you’re feeling some deja vu, you would be right: this is the second $100 million the retail technology company has raised in the past six months — and in a tough fundraising market, too. We covered Swiftly’s $100 million Series B back in March.

Much of the shopping technology focuses on e-commerce, but Swiftly’s technology taps into that online shopping experience to make shopping at a brick-and-mortar store just as engaging and easy. It also provides analytics and advertising, so that those stores can compete against e-commerce retailers using their operational strength without being disadvantaged by an aging or non-existing technology platform.

Earlier this year, we reported Swiftly was being used by hundreds of consumer brands in nearly 10,000 store locations, which accounted for more than $30 billion in gross merchandise volume.

To target the 200,000 brick-and-mortar food retailers in the U.S., the company went after additional capital that Sean Turner, chief technology officer at Swiftly, said via email will enable it to ensure that retailers “have the digital platforms necessary to both service their customers and gain new customers, as well as capitalize on the opportunity to gain their market share of the retail media revenues.”

“The speed and scale of the tools that are being deployed by the largest retailers requires a deep commitment and investment to democratize that technology to brick-and-mortar retailers worldwide,” Turner added. “To remain relevant, brick-and-mortar retailers need to natively boost their digital presence and lean into providing true omnichannel experiences for customers.”


‘News of the Day’ content, as reported by public domain newswires.

Find more, like the above, right here on Cryptopolytech.com by following our extensive quiclick links appearing on images or within categories [NEWSer CHEWSer].

Source Information (if available)

It appears the above article may have originally appeared on techcrunch.com and has been shared elsewhere on the internet, repeatedly. News articles have become eerily similar to manufacturer descriptions.

We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.

We compile ‘news of the day’ content in an unbiased manner and contextually classify it to promote the growth of knowledge by sharing it just like Retail tech startup Swiftly valued at $1B after bagging another $100M

First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!

You might also like