Retail technology funding rounds on fire: Swiipr, Slip, and Whizz lead the way with seven must-know investments — Retail Technology Innovation Hub

• Max Retail secures $15 million Series A funding led by Nosara Capital to help independent retailers sell excess inventory
• Whizz raises $12 million in Series A funding to provide e-bike subscriptions for last mile delivery drivers
• Swiipr receives £6 million in Series A funding to revolutionize the airline compensation process
• Grubtech raises $15 million in Series B funding to enhance its SaaS integration platform for F&B enterprises
• Slip secures a £2.5 million seed round to digitize receipts and provide insights for retailers

Max Retail Secures $15 Million Series A Funding

In the world of retail technology funding, Max Retail has made significant waves by announcing a $15 million Series A round led by Nosara Capital. This marketplace provides independent retailers and brands with a platform to sell excess inventory, offering a solution beyond traditional methods like discounting or consignment. Melodie van der Baan, CEO and Co-founder of Max Retail, emphasizes the importance of supporting independent retailers in maximizing cash recuperation on unsold goods. This investment will enable the company to expand its sales channel network and further develop its excess inventory solution.

Whizz Raises $12 Million for E-Bike Subscription Platform

Another noteworthy player in the retail technology funding landscape is Whizz, a platform offering e-bike subscriptions for last-mile delivery drivers. With a recent $12 million Series A funding round led by LETA Capital, Whizz aims to provide affordable and safe electric transportation to delivery workers across the United States. Co-founder and CEO Mike Peregudov highlights the company’s commitment to innovation and safety in the face of increasing regulatory pressures. Whizz’s goal is to establish itself as the leading e-bike rental service in the US market.

Swiipr Secures £6 Million in Series A Funding

Swiipr, a travel PayTech company, has successfully raised £6 million in Series A funding, with Octopus Ventures leading the investment. The platform, launched in 2020, addresses the challenges faced by airlines in handling flight disruptions and compensation processes. By offering a digital platform that complies with passenger rights regulations, Swiipr aims to streamline compensation procedures for airlines and enhance customer satisfaction. The funding will further support the company’s expansion and adoption by more airlines globally.

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Grubtech Raises $15 Million for Unified Commerce Platform

Grubtech, a SaaS integration platform for F&B and quick commerce enterprises, has secured $15 million in funding as part of its Series B round. The investment, led by Jahez Group’s VC arm, underscores the growing demand for unified commerce solutions in the food industry. Grubtech’s gOnline platform integrates online and in-store ordering channels, streamlining operations for businesses. With a focus on AI-driven data analysis and operational efficiency, Grubtech aims to empower F&B enterprises to enhance their customer experience and optimize their operations.

In the dynamic landscape of retail technology funding, these companies represent innovative solutions that are reshaping the retail industry and driving digital transformation. With a focus on addressing key challenges faced by retailers and brands, these funding rounds signal a growing interest in supporting technology-driven initiatives that have the potential to revolutionize the way we shop and do business.