RTIH rounds up three retail systems ventures who have recently secured significant investments in their businesses, including a company bringing Bitcoin to people through gamified earning experiences, and another that optimises how retailers move their goods across the entire supply chain.
1. Stamp Free
Stamp Free, an AI powered digital post and shipping company, is gearing up for expansion after receiving £1.08 million from various investors and supporters.
Based in Edinburgh, the firm attracted equity investment led by Silicon Valley based R42.
Stamp Free also invited backing from equity crowdfunders, through the Seedrs platform, pulling in over 600 investors.
Thank you so much to everyone who has so far invested in Stamp Free with @Seedrs. We are blown away to have reached the 200% funding milestone.
And there is still time to become a Stamp Free shareholderhttps://t.co/UkQRCHf9KK
Approved by Seedrs Ltd on 19/10/23. pic.twitter.com/pXqYJMh49r
— Stamp Free (@StampFreeLtd) October 19, 2023
2. Lolli
Lolli, a Bitcoin and cashback rewards company, has closed a $8 million Series B round led by BITKRAFT Ventures, with participation from Sfermion, Ulta Beauty’s Prisma Ventures, Hypersphere Ventures, Rahul Pagidipati, Newman Capital, 2 Punks Capital, MZ Web3 Fund, Digital Currency Group, Company Ventures, The Spartan Group, and Wagmi Ventures.
The raise includes a return commitment from earlier investors including Seven Seven Six, Founders Fund’s Pathfinder Ventures, Bain Capital Ventures, Serena Ventures, Michelle Phan, Logan Paul, Pir Granoff, MrBeast’s Night Media, and Animal Capital.
CEO and Founder at Lolli, Alex Adelman, says: “We are thrilled to announce this fundraise as we enter this next phase of growth at Lolli.”
“As Bitcoin’s price continues to surge and our users’ rewards go up in value, we look forward to using this ongoing period of growth and excitement in the ecosystem to bring Bitcoin to even more people through gamified earning experiences.”
“We remain committed to building an industry leading product and the best way for people to learn about and own crypto with Lolli.”
Omw to tell my friends we raised $8M to give people free bitcoin every day pic.twitter.com/oGB2RJ0x6x
— Lolli 🍭 (@trylolli) December 14, 2023
3. GreyOrange
GreyOrange has announced the first close of its Series D funding, securing $135 million.
This was led by Anthelion Capital (formerly Cowen Sustainable Investments).
“Not only has GreyOrange automated the movement of goods within the warehouse, but the company has also built a network that optimises how retailers move their goods across their entire supply chain,” says Vusal Najafov, Co-Founder, Anthelion Capital.
“Their capability to improve operational efficiency in various settings and their innovative approach in transforming inventory into a more productive asset in warehouses and retail spaces are key reasons for our excitement in leading this funding round.”
The funding round also included existing investors such as Mithril, 3State Ventures, and Blume Ventures.
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