A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – ECOMMERCE ENABLERS
- Magento, an open source eCommerce software, raises $250M in PE round from Hillhouse Capital. Link
- Salsify, a product content management and syndication platform, raised $30M in Series C round led by Underscore.VC, Venrock, North Bridge Venture Partners, Matrix Partners. Link
- Feedvisor, an Israel-based algorithmic repricing and demand planning platform for eCommerce marketplace sellers, secured $20M in Series B funding. Link
- OrderGroove, a cloud-based subscription commerce platform, raises $20M in Series C round of funding. Link
- CloudCraze, a SaaS for eCommerce storefront solution, raised $20M in Series B led by Insight Venture Partners, with participation from Salesforce Ventures. Link
- SmarterHQ, a behavioral marketing automation platform, raised $13M in Series C led by Spring Lake Equity. Link
- NowFloats, a solution that helps retailers build an online store, received a funding of $10M in a Series B round. Link
- ShopCo, a Germany-based provider of checkout solutions, closed a $7M seed funding at a valuation of $27M. Link
- Clutch, a customer management platform secures $5.25M in Angel round from undisclosed investors. Link
- Jazva, a provider of eCommerce solutions for multi-channel retailers, closed a $2M financing round, led by Oradell Capital. Link
- Montreal-based Propulse Analytics, a product recommendation solution, raised $1.4M in seed funding from Stradigi Ventures and Wobemail Online Services. Link
- Imaginate, a Philadelphia-based VR/AR company, raised $500k in seed funding from SRI Capital. Link
- Shipwallet, a shipping API for online merchants, raises $270k from Adlibris. Link
- Bringhub, an e-commerce tool that enables users to shop directly from online published content, raised an undisclosed amount in Series A from Forbes Media’s majority shareholder, Integrated Asset Management (Asia) Limited (IAM). Link
- Visual search platform, Slyce, got acquired by Anzu Partners, an investment firm, for an undisclosed amount. Link
- Commerce Sciences, a web personalisation platform, got acquired by Taboola, a content advertising, distribution, and monetization platform. Link
- Data Age Business Systems, the developers of the industry-leading point-of-sale software, acquired SellerVantage, a SaaS-based multi-channel inventory management solution for retailers, for an undisclosed amount. Link
SOME INTERESTING STARTUPS FOUND
GrokStyle (2015, SF) AI-based visual search and product recommendation solution focused on the Home decor segment.
Violanto (2015, Ljubljana) AI-
LEADER BOARD – ECOMMERCE ENABLERS
Suite
Symphony Commerce (2011, SF, $52M) End to end eCommerce solution provider. Backed by FirstMark Capital, Bain Capital Ventures, Charles River Ventures, and more.
Shopping Cart – Proprietary
Demandware (2004, Burlington, IPO, Acq.) Provides enterprise cloud commerce solutions like order management, predictive intelligence applications etc for online retailers. Backed by General Catalyst Partners, North Bridge Venture Partners. Went IPO in 2012 and then acquired by Salesforce in June 2016.
Shopify (2004, Ottawa, IPO) Cloud-based, multi-channel commerce platform providing proprietary software to small and medium-sized businesses. Backed by Bessemer Venture Partners, Insight Venture Partners, FirstMark Capital and more. Went IPO in 2015.
Bigcommerce (2009, Austin, $160M) E-commerce platform builder for small and medium businesses. Backed by GGV Capital, SoftBank, General Catalyst Partners and more.
Shopping Cart – Open Source
Magento (2008, LA, $250M, Acq.) Open sourced storefront builder for eCommerce retailers which enable merchants and brands to have control over the look, content, SEO, digital marketing and functionality of their online storefronts. Backed by Permira and Hillhouse Capital. Acquired by eBay in 2011.
PrestaShop (2007, Levallois-perret, $15M) Open source eCommerce software that allows merchants to build and manage an online store. Backed by XAnge, Serena Capital, Seventure Partners, and Siparex.
Multi-Channel Selling
ChannelAdvisor (2001, Morrisville, IPO) Cloud-based platform that allows retailers and manufacturers to integrate, manage and optimize their merchandise sales across online channels. Backed by eBay, NEA, Advanced Technology Ventures, Kodiak Venture Partners, and more. Went IPO in 2013.
Lengow (2009, Nantes, $13M) SaaS-based platform that allows sellers to manage their product catalogue across channels including marketplaces, price comparison engines, etc. Backed by Kima Ventures, Serena Capital, Alven Capital, and Bpifrance.
Omni-commerce
Orderdynamics (2003, London, $51M) Cloud-based order management platform. Backed by Dawn Capital, West Coast Capital and more.
NewStore (2015, Boston, $38M) Omni-channel platform that allows retailers to increase conversion by linking offline and online commerce. Backed by General Catalyst Partners.
Orckestra (2006, Montreal, $20M) Omni-channel commerce solution provider for mid-size and large enterprises, retailers, and branded manufacturers to deliver unified digital and in-store experiences. Backed by Fonds de solidarite FTQ, Groupe W inc, and more.
Tools – Distributed Commerce
Delivery Agent (2001, SF, $138M, Acq.) Platform for brands and media companies to engage with customers directly through ads. Backed by Bessemer Venture Partners, Intel Capital, Carmel Ventures and more. Acquired by Hillair Capital in November 2016.
Curalate (2012, Philadelphia, $40M) Visual content monetization platform that allows brands and retailers to measure, monitor, and grow brand engagement on socially curated sites. Backed by First Round Capital, NEA, MentorTech Ventures, and Vayner/RSE.
Tools – PIM
Salsify (2012, Boston, $55M) Cloud-based product content management solutions for retailers and suppliers. Backed by Venrock, Matrix Partners, North Bridge Venture Partners, and more.
Tools – Fitting Solutions
True Fit (2005, Woburn, $46.5M) Retail SaaS-based company which allows customers to discover apparel and footwear styles that fit. Backed by Founder Collective, Jump Capital, Promus Ventures, Signal Peak Ventures, and more.
Metail (2008, London, $21M) Virtual fitting room technology provider for fashion retailers. Backed by New World Private Equity, TAL Group.
Tools – Visual Search
Slyce (2012, Toronto, IPO, Acq.) Visual search solution provider for retailers. Backed by Beacon Securities, Salman Partners and more. Went IPO in 2015. Acquired by Anzu Partners in January 2017.
Tools – Gifting
Loop Commerce (2012, SF, $29M) Provides SaaS solution that fully integrates with retailers’ online stores to make every product gift-able. Backed by SGVC, PayPal and more.
Tools – Web Content Management
Amplience (2008, London, $28M) Provides a SaaS-based platform for content management by creating editorial content, shoppable content, product showcases, interactive demos etc. Backed by Octopus Ventures, Northstar Ventures, SVB and more.
Backend – End-to-End Logistics
Ecom Express (2013, Delhi, $149.5M) E-commerce logistics solutions provider. Backed by Peepul Capital, Wargbug Pincus, and more.
Delhivery (2011, Gurgaon, $125M) End to end logistics provider for e-commerce. Backed by Times Internet, Nexus VP, and more.
Backend – Shipping & Fulfillment
Temando (2006, Brisbane, $56M) Shipping and fulfillment software platform for online retailers. Backed by Neopost Group, and more.
Backend – Order & Inventory Management
Brightpearl (2007, Bristol, $35.5M) Cloud-based multi-channel retail ERP system that integrates orders, inventory, accounting, reporting and customer data for retailers. Backed by Silicon Valley Bank, Eden Ventures, Notion Capital, MMC Ventures, and more.
Stitch Labs (2011, SF, $23M) Cloud-based inventory management solution for retailers, which streamlines inventory, orders, and data across multiple channels. Backed by True Ventures, Costanoa Venture Capital, Triangle Peak Partners, and Square 1 Bank.
Marketing – On-Site
BloomReach (2009, Mountain View, $97M) Customer analytics and site optimization machine intelligence platform. Backed by Bain Capital Ventures, NEA and more.
Marketing – Off-Site
AdRoll (2007, SF, $90M) Ad-based retargeting platform for online retailers that helps them in improving conversion rate. Backed by Accel Partners, Institutional Venture Partners, Foundation Capital, Western Technology Investment, and more.
Marketing – Multichannel
RichRelevance (2006, SF, $82M) Omnichannel personalization for the retailers and brands. Backed by Greylock Partners, DFJ and more.
Marketing – Optimisation
Gigya (2006, Mountain View, $106M) Customer identity management suite for personalization through social login, Registration-as-a-Service, social plugins and gamification. Backed by DAG Ventures, Benchmark Capital, Intel Capital and more.
Analytics
Blue Yonder (2008, Karlsruhe, $75M) Predictive Analytics based on Artificial Intelligence. Backed by Warburg Pincus.
Clicktale (2006, Ramat Gan, $53M) Customer experience analytics platform enabling e-businesses to have an insight into their clients’ online behavior. Backed by Amadeus Capital Partners, Goldrock Capital, YL Ventures, and more.
Fraud & Risk Management
Threat Metrix (2005, San Jose, $92M) Fraud prevention & context-based authentication solution. Backed by TVP, Tenaya Capital, August Capital, USVP, and more.
Sift Science (2011, SF, $53.5M) Machine learning optimized fraud detection solution. Backed by Y-Combinator, First Round Capital, Insight Venture Partners and more.
Payment- Gateway
BlueSnap (2001, Waltham, $68M, Acq.) Provides a payment gateway to enable the checkout process for e-commerce merchants. Backed by Great Hill partners, Parthenon Capital Partners and more. Acquired by Great Hill Partners in 2011.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For the latest update, visit Ecommerce Enablers feed.