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NTWRK Secures $50M
NTWRK Secures $50M
UN

Unicorn Nest news

E-Commerce E-Commerce Platforms Internet Media and Entertainment North America Shopping Video Video Streaming

NTWRK Secures $50M

– Ntwrk, a livestream shopping platform that broadcasts 24/7 from a New York City storefront, has raised $50m.
– The round was led by the Goldman Sachs Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), and global luxury group Kering.
LionTree Partners and Tenere Capital also participated.

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Craft Beer E-Commerce E-Commerce Platforms Food and Beverage North America Online Portals Restaurants SaaS

Provi Raises $75M in Series C Funding

– Provi is a Chicago IL-based online ordering platform for the for the beverage alcohol industry.
– Company raised $75M in Series C funding.
– The round was led by D1 Capital Partners with participation from Bessemer Venture Partners, Nosara Capital and CPMG and Instacart President Nilam Ganenthiran.
– The new investment will be used to expand throughout the market, hire and scale its platform.

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E-Commerce E-Commerce Platforms Internet Retail Technology South Asia Video Chat Video Streaming

Swirl Raises $250K in Pre Seed Funding

– Swirl is a Vadodara, India-based Live Commerce SaaS platform.
– The company raised USD250k in pre-seed funding.
– Investors included Asheesh Khaneja – Ex WW Executive IBM, Siddarth Razdan – Founder Indianivesh FirstBridge Fund, Vineet Sharma – VP Brandscope (Dentsu), Nirmal Shah – Prism Advisory, Gaurav Agarwal – Freedom Financial Network, and others.
– The company intends to use the funds to grow in India, and optimize its platform.

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Cloud Data Services Cyber Security E-Commerce Platforms Identity Management North America Privacy

ID.me Raises $120M in Debt and Revolving Facility

– ID.me is a Mclean VA-based secure digital identity network which simplifies how individuals prove and share their identity online.
– The company secured $100m in debt financing from funds managed by affiliates of Fortress Investment Group LLC and $20mln revolving credit.
– The new investment will be used to accelerate growth along with the development of its secure digital identity network for all consumers.

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Developer Platform Developer Tools Digital Marketing E-Commerce Platforms North America Online Games Video Games

Seattle startup AccelByte raises $10M to help developers build multiplayer online games

– Seattle-based startup AccelByte has raised $10m funding.
– The funding was led by New York-based VC firm Galaxy Interactive, with additional funding from the Hangzhou-based NetEase, which publishes many mobile games for the Chinese market; the South Korean firm KRAFTON, publisher/developer of PlayerUnknown’s Battlegrounds; and Dreamhaven, which was launched late last year in Irvine, Calif., by departing Blizzard CEO/co-founder Mike Morhaime.
– AccelByte’s overall suite of tools is intended to provide necessary programs and scalable architecture to game developers that plan to operate “games-as-a-service” (GaaS) — releases that make their money from in-app purchases or subscription fees rather than a single up-front purchase price.

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E-Commerce Platforms Facility Management Professional Services Western Europe

Batmaid Raises €23M in Series B Funding

– Batgroup, the parent company of Batmaid, a Lausanne, Switzerland-based provider of online cleaning services, raised €23M in Series B funding.
– The round was led by Aevis Victoria.
– The company intends to use the funds for its international expansion into 21 cities in 15 countries.

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E-Commerce E-Commerce Platforms Food and Beverage Grocery Online Portals Retail Technology Western Europe

Oddbox Receives £16M Investment from Burda

– Oddbox is a UK-based provider of a sustainable food waste reduction platform.
– The company received £16m primary and secondary investment from BurdaPrincipal Investments, the growth capital arm of media and tech company Hubert Burda Media.
– The new investment will be used to enhance the customer experience, expand its UK footprint and increase share options for employees.

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E-Commerce E-Commerce Platforms Latin America Retail Technology SaaS

Latin America E-Commerce Leader, Nuvemshop Raises $500 Million from Insight Partners and Tiger Global Management

– Nuvemshop, Latin America’s leading e-commerce platform, today announced that it has raised a $500m Series E round of funding.
– The round was co-led by Insight Partners and Tiger Global Management, with significant participation from Alkeon and Owl Rock.
– Other investors that joined the round included Sunley House Capital and VMG Partners, as well as existing investors Accel, Kaszek, Kevin Efrusy, Qualcomm Ventures LLC, and ThornTree Capital.
– This new round of financing values the company at $3.1b and brings Nuvemshop’s total funding in the last 10 months to more than $620m.

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E-Commerce Platforms North America Travel

How this travel startup raised $5M from ex-CEOs of Orbitz and Vacasa in the middle of a pandemic

– TrovaTrip, a travel planning company, raised $5m funding.
– The round was led by PSL Ventures and joined by Barney Harford, the former CEO of Orbitz, and Eric Breon, founder and former CEO of Vacasa.
Elevate Capital and Oregon Venture Fund also invested.
– The company runs a marketplace that matches travel group hosts with travelers.
– It makes money by charging a 10% service fee and 2.9% credit card transaction fee to the travelers.

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E-Commerce E-Commerce Platforms Information Technology Latin America

Orchata raises $4M, aims to build a ‘Gopuff for Latin America’

– Orchata, a mobile app enabling consumers to get groceries delivered in 15 minutes, with no substitutes and at supermarket prices, raised $4m in seed funding.
– The round was led by Y Combinator and joined by JAM Fund, FJ Labs, Venture Friends, Investo and Foundation Capital, and angel investors Ross Lipson, Mike Hennessey, Brian Requarth and Javier Mata.

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B2B E-Commerce E-Commerce Platforms Fashion Information Services North America Retail Technology Virtual Reality Wholesale

ByondXR Raises $7M Seed Funding

– ByondXR from Tel Aviv develops a platform that creates virtual showrooms and stores for beauty, fashion and home decor brands using extended reality.
– The company raised $7M in seed funding.
– The round was led by Firstime and OurCrowd, with participation from angel investor Peter Chu, founder and former CEO of XR platform HTC.
– The new investment will be aimed at expanding customer success and research and development.

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CRM Digital Marketing E-Commerce E-Commerce Platforms North America

Cart.com Raises $98M in Series B Funding

– Cart.com from Houston TX provides ecommerce solutions to help businesses scale online.
– The company closed $98M Series B funding round.
Oak HC/FT led the round, with participation from PayPal Ventures, Clearco, Raven One Ventures, G9 Ventures and prior investors Mercury Fund, Moonshots Capital, Valedor Partners, Arsenal Growth, as well as Sebastian Rymarz, CEO of Heyday, Phillip Krim, CEO of Casper, as well as executives at Discover Financial, Robinhood, Blinds.com and Uber.
– The company intends to use the funds to further strengthen its ecommerce-as-a-Service (ECaaS) integrated platform and continue acquiring solution providers.

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Brand Marketing Business Development E-Commerce Platforms North America

Suma Brands Raises $150M

– Suma Brands is a Minneapolis-based platform for acquiring and scaling Amazon FBA businesses.
– The company closed a $150m Series A funding.
– The round was led by Pace Capital and Material alongside a credit facility led by i80 Group.
– The company intends to use the funds to continue accelerating their pace of acquisitions of Amazon FBA businesses and expand their diverse portfolio of e-commerce brands, and hiring e-commerce, Brand Management, and Supply Chain talent to expand its operating platform.

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E-Commerce E-Commerce Platforms Eastern Asia Marketplace Retail

Japanese sneaker platform SODA raises $56.4M, acquires rival Monokabu

– SODA, Japan’s largest sneaker media and C2C marketplace, raised Series C funding, which currently totals $56.4 million.
SoftBank Ventures Asia led this round.
– Other investors include South Korean sneaker reselling platform KREAM, Altos Ventures and JAFCO.
– SODA acquired rival Monokabu.
– SODA’s post-money valuation is now about 24 billion Japanese Yen, or about $218 million.
– Part of SODA’s Series C funding will be used to expand into other Asian markets, starting with Indonesia and the Philippines next year.

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E-Commerce E-Commerce Platforms Mobile Southeast Asia

Indonesia-based grocery app HappyFresh reaps $65M led by Naver Financial and Gafina

– HappyFresh, the on-demand grocery app based in Indonesia, announced it has raised a $65 million Series D.
– The round was led by Naver Financial Corporation and Gafina B.V., with participation from STIC, LB and Mirae Asset Global Investments.
– It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital.
– Founded in 2014, HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia.
– It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016.
– It continues to operate in Indonesia, Malaysia and Thailand.

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E-Commerce E-Commerce Platforms Internet North America

Loop Returns locks in $65 million Series B led by CRV

– Loop Returns, a software company looking to handle the costly and inefficient process of retail/e-commerce returns, has announced the close of a $65 million Series B financing round.
– The round was led by CRV, with participation from Shopify and Renegade Partners, as well as existing investors FirstMark Capital, Ridge Ventures, Peterson Ventures and Lerer Hippeau.
– The deal values the company at $340 million post-money.
– Loop Returns was co-founded by Jonathan Poma after he was working at an agency and consulting with a big Shopify brand to help them with returns and exchanges. He partnered with longtime friend Corbett Morgan to start Loop Returns.

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Delivery Service E-Commerce Platforms Restaurants South Asia

Indian food delivery startup Swiggy raises $1.25 billion led by SoftBank and Prosus

– Swiggy, a food delivery startup, raised $1.25bn funding.
– The round was led by SoftBank Vision Fund 2 and Prosus Ventures.
– It includes the $800m investment the Bangalore-based startup had disclosed to employees earlier this year.
– The new financing round gives the six-year-old food delivery startup a post-money valuation of $5.5bn.

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E-Commerce Platforms North America Retail

Hammoq Raises $3M in Seed Funding

– Hammoq, a Phoenix AZ-based eCommerce platform, raised $3M in seed funding.
– The round was led by Origin Ventures with participants from Sierra Ventures, SaaS Ventures, and Silicon Road Ventures.
– The company intends to use the funds to expand its team and continue iterating on its product offerings.

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Brand Marketing Business Development E-Commerce E-Commerce Platforms North America

unybrands Raises Additional $300M in Growth Capital

– unybrands, a Miami, FL-based integrated platform for e-commerce businesses looking to scale their operations on and off Amazon, closed up to $300m in growth capital.
Crayhill Capital Management provides the capital.
– The funding will enable the company to further accelerate its strategy to buy, build and boost brands across Amazon, Shopify and other direct to consumer platforms, while also further investing into its team and technology platform.

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Art E-Commerce E-Commerce Platforms North America Retail Technology Social Assistance

ArtSugar Raises $500K in Seed Funidng

– ArtSugar is a New York-based company focused on art curation for the Instagram generation.
– The company raised $500K in seed funding.
– The round was made by Curate Capital.
– The company intends to use the funds to expand its product line, create immersive in-person experiences and grow the artist repertoire.

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E-Commerce Platforms Hospitality Hotel North America Tourism Travel

Stayflexi Raises $1.6M in Seed Funding

– Stayflexi from San Francisco develops an on-demand and contactless check-in/check-out process to automate and integrate hotel and vacation stay processes and operations end to end.
– The company raised $1.6m in funding.
– The round was led by Y Combinator, Agya Ventures, BlueField Capital, Asymmetry Ventures, and Good News Ventures and individual investors PagerDuty co-founder Baskar Puvanathasan, Squarefoot Inc. co-founder Jonathan Wasserstrum, and COO of Incuspaze Mohit Srivastava.
– The new investment will be used to expand the company’s operations and business reach.

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Automotive Direct Sales E-Commerce Platforms Marketplace Southeast Asia

Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2

– Carro, a Southeast Asia-based automotive marketplace, raised $360m funding.
– The round was led by SoftBank Vision Fund 2 and joined by insurance giant MSIG and other investors.
– The company plans to use the funding to expand its financial services portfolio and develop its AI capabilities.

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CRM E-Commerce Platforms North America SaaS Sales Automation Software

DealHub raises $20M Series B for its sales platform

– DealHub.io, a platform that helps businesses manage the entire process of their sales engagements, raised $20m in Series B funding.
– The round was led by Israel Growth Partners, with participation from existing investor Cornerstone Venture Partners.
– This brings DealHub’s total funding to $24.5m.
– The company describes itself as a ‘revenue amplification’ platform (or ‘RevAmp,’ as DealHub likes to call it) that represents the next generation of existing sales and revenue operations tools.
– It’s meant to give businesses a more complete view of buyers and their intent, and streamline the sales processes from proposal to pricing quotes, subscription management and (electronic) signatures.

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Advertising Computer E-Commerce E-Commerce Platforms North America Retail Technology SaaS Software

Paloma Closes $4M Seed Funding Round

– Paloma from NYC is a commerce platform turning Messenger into a sales channel.
– The company raised $4m in seed funding.
– The round was led by Laconia Capital Group, with participation from Philip Krim from Casper and David Heath from Bombas.
– The new investment will be used to expand operations and development efforts.

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E-Commerce E-Commerce Platforms Fashion North America Retail

Treet, with $2.8 million in seed funding, gets brands involved in the resale market

– Treet, a company rethinking the resale retail market, announced the close of a $2.8m seed round.
– The financing comes from Bling Capital, Matchstick Ventures, Techstars, BAM Ventures, BBG Ventures, Green Meadow, Interlace Ventures, V1.VC and Alante Capital.
– Despite the fact that selling old clothes is the most sustainable and most financially beneficial way to dispose of them, the process can be super tedious for both sellers and buyers.
– Treet’s approach to simplifying its market and lowering consumer friction is to go through brands.
– Essentially, Treet helps brands set up their own resale sites where buyers and sellers can list and find items.

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Brand Marketing CRM Data Integration Digital Marketing E-Commerce E-Commerce Platforms North America Software Web Development

OSF Digital Raises $43M in Funding

– OSF Digital, a Canadian global leader in digital transformation strategies, received $43m in funding.
– The round was led by existing investor Delta-v Capital with participation from Salesforce Ventures and personal investments from OSF Digital Board Chairman David Northington, Board Director Jeff Rich and Board Advisor Gary DiOrio.
– The company intends to use the funds to support its acquisition roadmap, which will add new companies in 2021 with strategic services and solutions valuable to customers.

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Digital Marketing E-Commerce E-Commerce Platforms Logistics Marketing Automation North America

Cart.com Completes Series A Bringing Total Raise to $45M in Five Months to Level the E-Commerce Service Providers Playing Field

– Cart.com announced the closing of its $25m Series A round of financing, led by venture capital firms Mercury Fund and Arsenal Growth, following its initial $20m Seed funding by Bearing Ventures.
– The round also includes funding from Moonshots Capital and Scarlet Venture Fund.
– The funding is the second round in five months, totaling over $45m, and will further power Cart.com to respond to rapidly increasing customer demand, make key hires, and accelerate growth as the world’s pioneer E-commerce-as-a-Service (ECaaS) provider in the ecommerce services space.
– Cart.com was co-founded in September 2020 by CEO Omair Tariq, former executive at Home Depot and COO of Blinds.com, and Executive Chairman Jim Jacobsen, co-founder and former CEO of RTIC Outdoors.

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Cloud Data Services Content Syndication Data Integration Digital Marketing E-Commerce E-Commerce Platforms Europe Information Technology Marketing Marketing Automation Retail Technology SaaS Software

Productsup Closes $20M Funding Round

– Productsup from Berlin provides an ecommerce data integration solutions that allows brands and retailers to optimize and syndicate their product content to all digital marketing, shopping and business channels, such as Google, Amazon, Facebook, or Walmart.
– The company raised $20m in funding.
– The round was led by Nordwind Capital and venture debt providers Deutsche Handelsbank and KfW with participation from Moritz Zimmermann, co-founder of Hybris and partner at 42Cap, and the co-founders of Contorion, Richard Schwenke and Tobias Tschötsch.

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E-Commerce E-Commerce Platforms Internet Oceania Social Media Software

Linktree Raises $45M to Connect People Directly With the Creators and Brands They Love

– Linktree raised $45M in Series B funding co-led by Index Ventures, an investor in Patreon and Discord, and Coatue, an investor in TikTok, with participation from returning investors AirTree Ventures and Insight Partners.
– The funding follows a $10.7M Series A round announced in October 2018.
– Linktree is the rapidly growing social identity layer with more than 12 million users globally, 4 million of whom signed up in the last three months.
– The platform enables brands, artists, publishers, agencies, creators and small businesses to curate an online ecosystem, instantly guiding their audience to the destinations that they care about, without using a search engine or websites as a starting point.

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CRM E-Commerce E-Commerce Platforms North America SaaS

Chord Raises $18M In Series A Funding

– Chord Raises $18M In Series A Funding
– The round was led by Eclipse Ventures, which joined a roster of existing institutional investors including Foundation Capital, WhiteStar Capital, Forerunner Ventures, Index Ventures, and Thrive Capital, as well as angel investors from the commerce world, most notably Will Gaybrick of Stripe, and the founders of D2C brands such as Allbirds, Harry’s, and Warby Parker.
– The company intends to use the funds to develop more technology and data products, as well as to continue to grow.
– Bryan Mahoney is CEO and Henry Davis is Chairman & COO.
– Leslie Lorenz is joining the company as Vice President of Data.

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