Wonder and mmERCH: Unveiling the Pandion of Retail Technology Funding – Ten Game-Changing Rounds You Must Know About

• TheyDo secures $34 million in Series A+ funding led by Blossom Capital to enhance R&D and expand in the US
• mmERCH, a Web3 fashion startup, raises $6.4 million in seed funding to launch its inaugural collection
• Greenly raises $52 million in Series B funding to lead in decarbonisation efforts globally
• Pandion secures $41.5 million in Series B funding to enhance its e-commerce residential delivery network
• Gather AI receives $17 million in Series A-1 funding to scale its warehouse inventory monitoring solutions

Ten Retail Technology Funding Rounds You Need to Know About

In the fast-paced world of retail technology, staying informed about the latest funding rounds can provide valuable insights into the direction of innovation and the companies making waves in the industry. Here are ten recent funding rounds that have caught the attention of industry insiders and investors alike.

1. TheyDo Secures $34 Million in Series A+ Funding

TheyDo, a customer journey management platform, recently closed a Series A+ funding round, raising an additional $34 million. Led by Blossom Capital, the round also saw support from existing investors Arches Capital and Innovation Quarter, as well as new backers like global customer experience evangelist Steven van Belleghem, Highsage Ventures, and 20Sales. This funding will enable TheyDo to ramp up their research and development efforts, with a particular focus on AI and data ingestion. Moreover, the company plans to expand its customer-facing team in the United States, solidifying its presence in the market.

Founded in 2019, TheyDo addresses the need for a dynamic solution to mapping customer journeys beyond traditional static documents. Their platform allows businesses to seamlessly integrate strategy, planning, and execution in one place, fostering alignment across organizational silos.

Related Video

Published on: August 31, 2022 Description: Change happens, it's the only constant. For Entrepreneurs, there are constant curve balls, constant worries and constant ...

Retail Capital | Change the way you see Funding 💫

2. mmERCH Raises $6.4 Million in Seed Funding

mmERCH, a blockchain-enabled Web3 fashion startup, recently announced a $6.4 million seed funding round at a post-money valuation of $25.7 million. The round was led by Liberty City Ventures, with participation from 6529 Holdings, Christie’s Ventures, and Flamingo DAO. Founded by CEO Colby Mugrabi in late 2023, mmERCH boasts a diverse team of founders, creators, collectors, curators, artists, academics, and authors.

mmERCH’s unique approach leverages generative design to create collections of singular pieces, or what they term as neo-couture. With a commitment to expertly curated collections, the brand aims to cater to a community at the intersection of art, fashion, and technology. Their upcoming collection promises a blend of digital innovation, virtual experiences, and artistic flair, setting them apart in the competitive fashion landscape.

3. Greenly Secures $52 Million in Series B Funding

Greenly, a sustainability-focused startup, recently closed a $52 million Series B funding round led by Fidelity International Strategic Ventures. Building on their earlier success with a $23 million Series A round, Greenly positions itself as a global leader in the sustainability market. The company’s momentum is further fueled by new regulations like the EU’s Corporate Sustainability Reporting Directive and the US mandate for public companies to disclose their greenhouse gas emissions.

With generative AI at its core, Greenly streamlines the collection and analysis of corporate sustainability data, facilitating decarbonization efforts for over 2,000 customers worldwide. Partnerships with industry giants like BNP Paribas, AXA, and L’Oreal underscore Greenly’s impact in promoting sustainability across diverse sectors.

4. Pandion Raises $41.5 Million in Series B Funding

Pandion, a specialist in e-commerce residential delivery founded by Amazon Air founder Scott Ruffin, recently secured a $41.5 million Series B funding round led by Revolution Growth. Existing investors Playground Global, Prologis Ventures, Bow Capital, Telstra Ventures, AME Cloud Ventures, and Schematic Ventures also participated, alongside new backers Proof and Sentinel Global.

The funding will enable Pandion to scale its residential parcel delivery network, enhance its technological capabilities, and expand its geographic reach. With a focus on disrupting e-commerce delivery for brands of all sizes, Pandion aims to offer an alternative to national parcel carriers while providing efficient and reliable delivery services for customers like Saks Fifth Avenue.

Continued…