RetailNext Closes $15M Series C Financing

Funding Rounds

▤ Summary

RetailNext Inc., a San Jose, CA-based provider of Applied Big Data for brick-and-mortar retail, closed a $15m Series C financing.In conjunction with the funding, Laura B. Sachar, General Partner, StarVest Partners, joined RetailNext’s Board of Directors.The company intends to use the capital to expand its development and marketing efforts and grow global operations in Europe, Asia/Pacific and Latin America.Led by Alexei Agratchev, CEO, RetailNext delivers real-time analytics that enables retailers and manufacturers to monitor, collect, analyze, and visualize in-store data from a broad set of sources including video cameras, point-of-sale (POS) systems, Wi-Fi devices, and time and attendance applications.The platform integrates with promotional calendars, staffing systems, and weather services to analyze how internal and external factors impact customer shopping patterns.

$ Funding

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Amount $15.0M Total raised
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Date April 30, 2013 Announcement date
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Investors Nokia Growth Partners, Commerce Ventures, StarVest Partners, RetailNext, August Capital Lead investors
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Company http://www.retailnext.net Funded company

▥ Classifications

industries
Retail
applications
Human Resources

◇ AskAI Classifications

Labels
Retail Analytics Software In-store Analytics Software SaaS

▦ Linked Companies

RetailNext, Inc.
$10M to $25M