Retailigence Raises $6.3 Million of Series A Funding
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Redwood City, California – Retailigence, a hyperlocal marketing platform that drives qualified foot traffic into local retail stores. Retailigence matches its retail customers with consumer demand from its network of application partners has raised $6.3 million in series A funding.The funding was led by existing investors Draper Fisher Jurvetson and Motorola Solutions, along with new investors Telenav and OPT.
“Mobile devices such as smartphones and tablets have dramatically changed the way shoppers interact with brands and retailers,” said Jeremy Geiger, founder and CEO of Retailigence. “Brands and retailers are adopting new path-to-purchase strategies to capitalize on these trends, and that’s where Retailigence comes in. With Retailigence, marketers can alert shoppers on their mobile devices exactly when a particular product is available and indicate where it can be purchased at the closest retail location, increasing in-store sales to the benefit of both product brands and retailers.”
The new capital will be invested for accelerating the growth of the company.
Funding Total: $6,300,000
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|Investors: Draper Fisher Jurvetson, Motorola Ventures, Telenav, OPT|