Closes $6M Seed Round to Become the Go-to Solution for Brands' Customer Acquisition at Brick-and-Mortar Retail Stores
Summary
The new capital will be used to accelerate ENDVRs market expansion, growing their sales, marketing, development and operations teams, moving ENDVR one step closer to being the essential platform used by brands to acquire customers at brick-and-mortar retail stores.The retail landscape continues to evolve, and with the combination of consumers returning to stores in person, digital advertising costs rising and conversion rates decreasing, its become harder for brands to acquire customers online. says Steve Gendron, Co-Founder, and CEO.With over 85% of retail sales in 2022 occurring at brick-and-mortar stores, ENDVR and our brand partners firmly believe in the power of physical retail.Launched in Fall 2020, ENDVR has since signed over 150 brand partners, helping them generate $140 million in retail sales across thousands of retailers in the ENDVR network, distributing over $3 million in cash, 125,000 product rewards and prizes directly to frontline retail sales employees.With Companyons support, were on a mission to be the reason forward-thinking brands, retailers and their employees thrive, by making it easy for them to empower & reward frontline sales associates with instant cash, product & prizes for delivering extraordinary experiences. In doing so, were helping brands acquire customers, helping retailers retain great employees, all while driving sales at their physical retail locations.The platform is quickly becoming essential for brands customer acquisition at physical retail stores.