Red Peach Raises $10M in Funding
Summary
Red Peach, a Toronto, Canada-based provider of an inventory control and multichannel selling solution, closed $10m seed financing round.The round was led by Quest Ventures LP.The company, which has raised $15m in total funding, will use the capital to expand its solution to larger retail businesses and add 50 new hires in the next two months.Led by Luke Fillion, CEO, Jason Lam, vice president of marketing, Julie Arsenault, vice president of sales, and Alain Beausoleil, vice president of platform, Red Peach provides an inventory control and multichannel selling solution for brands and larger retail businesses to automate backend procedures and expand to additional channels in order to grow their businesses.The company serves clients such as GoProd and Sonos, among others.