RetailNext Raises $15 Million of Series C Funding
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San Jose, California – RetailNext, a leader in Applied Big Data for brick-and-mortar retail has raised $15 million of series C funding led by StarVest Partners and backed August Capital, Nokia Growth Partners and Commerce Ventures.
“Considering that ninety-five percent of purchasing still takes place in the brick-and-mortar channel, it is not surprising that we’ve seen a strong appetite among retailers to collect the factual knowledge about shopper behavior that can directly lead to bottom-line improvement. This rapid adoption is driving more than triple year-over-year revenue growth for the company,” said Alexei Agratchev, CEO of RetailNext.
The company now has a total funding of $29 million. As part of the funding deal, General Partner Laura Sachar joining the company’s board and John Gardner, a managing partner at Nokia Growth Partners, joins as board observer.
Funding Total: $15,000,000
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|Investors: Starvest Partners, August Capital, Nokia Growth Partners, Commerce Ventures|