22 SaaS Startups in the Retail Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Retail industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 22 VC funded SaaS startups in the Retail industry.

24TTL

24TTL automates digital shelf analytics and improves content distribution to facilitate online shopping for consumer products businesses. 24ORM is a tool for online retail monitoring that keeps a watch on a digital shelf and sends out notifications and insightful daily analysis on both your goods and those of your rivals. Your capacity to manage your items' online appearance, including retailer distribution, pricing and availability, the integrity and quality of the content, brand recognition, on-site search, and banner prominence, is made possible by 24ORM. To continuously monitor your most crucial KPIs, all data is automatically gathered, calculated in metrics, and supplied to your personalized dashboard. With 24STREAM, an improved content streaming solution, you can effortlessly transmit all of your rich media about the product to the product pages of e-retailers and marketplaces. With 24STREAM, you can easily adapt improved material to various standards without having to get in touch with merchants. Utilize great augmented content that increases consumer interaction and product awareness while saving time and money on content delivery.

Company details:
Founders:
Yury Shishkin
Founded:
2008
Based in:
Amsterdam, Noord-Holland, The Netherlands
Website:
24TTL
Industries:
Analytics, E-Commerce, Retail Technology, SaaS, Software
Latest funding:
$1,000,000
Seed
23 December 2021
Total funding:
$1,000,000
Investors
Andrey Vinograd

AdeptMind

AdeptMind is a SaaS AI/ML startup that pioneers in eCommerce Product Discovery and Shopping Center Marketplaces. Its co-founders recently completed the sale of their prior business, Maluuba, which was highly successful. This time, in Toronto, Ontario, Canada, they want to build a rad Silicon Valley-style team.

Company details:
Founders:
G Wu, Jing He, Yoav Artzi
Founded:
2016
Based in:
Toronto, Ontario, Canada
Website:
AdeptMind
Industries:
Artificial Intelligence, E-Commerce, Local Shopping, Machine Learning, Marketplace, Retail Technology, SaaS, Search Engine, Shopping Mall, Software
Latest funding:
$6,200,000
Series A
3 June 2021
Total funding:
$10,700,000
Investors
Creative Destruction Lab (CDL), Fidelity, Pi Labs, Ulta Beauty, DMZ

BlackCurve

BlackCurve assists e-commerce companies in comprehending their rivals and using pricing to enhance digital marketing success.

Company details:
Founders:
Charles Huthwaite, Philip Huthwaite
Founded:
2016
Based in:
London, England, United Kingdom
Website:
BlackCurve
Industries:
E-Commerce, Enterprise Software, Retail Technology, SaaS, Software
Latest funding:
$1,364,422
Seed
19 January 2021
Total funding:
$4,054,484
Investors
Mercia Fund Managers, Nauta Capital, Cambridge Angels group, The Future Fund, Nick Kingsbury

Blutag

When it comes to Voice First cloud services, Blutag is on top. Blutag was created out of the necessity to quickly assist customers in finding items appropriate to their requirements and taste using straightforward voice commands. Blutag brings together more than 20 years of eCommerce and cutting edge technological knowledge.

Company details:
Founders:
Rahul Agarwal, Shilp Agarwal
Founded:
2017
Based in:
New York, New York, United States
Website:
Blutag
Industries:
E-Commerce, Retail Technology, SaaS, Software
Latest funding:
$2,500,000
Seed
8 January 2021
Total funding:
$4,000,000
Investors
Techstars, Vulcan Capital, C2 Ventures, Industrious Ventures, AperiamVentures (formerly MathCapital)

Candid Wholesale

Candid Wholesale is a SaaS application that assists companies in purchasing, selling, and paying for wholesale.

Company details:
Founders:
Avery Bloom, Dave Lowensohn
Founded:
2016
Based in:
Portland, Oregon, United States
Industries:
E-Commerce, Retail, Retail Technology, SaaS, Software, Wholesale
Latest funding:
$2,000,000
Seed
14 June 2021
Total funding:
$2,792,195
Investors
SaaS Ventures, Amplify.LA, Wedbush Ventures, Stage Venture Partners, TenOneTen Ventures

Clientbook

A clienteling platform for retail salespeople is called Clientbook.

Company details:
Founders:
Brandon Wright, Jason Cox
Founded:
2017
Based in:
Lehi, Utah, United States
Website:
Clientbook
Industries:
iOS, Mobile Apps, Retail, SaaS
Latest funding:
$4,500,000
Series A
8 July 2021
Total funding:
$6,000,000
Investors
Kickstart, Florida Funders, Aries Capital Partners

Engage3

Engage creates a cloud-based platform that offers information and insights on products and prices. The business aids retailers and brands in enhancing their pricing effectiveness using data science and analytics. Davis, California serves as the company's headquarters. It was established in 2008.

Company details:
Founders:
Ken Ouimet, Tim Ouimet
Founded:
2008
Based in:
Davis, California, United States
Website:
Engage3
Industries:
Analytics, Big Data, E-Commerce, Retail, SaaS
Latest funding:
$35,000,000
Series D
2 December 2021
Total funding:
$59,000,000
Investors
Moneta Ventures, Arrowroot Capital Management, NewRoad Capital Partners, The McClatchy Company, Wells Fargo Strategic Capital

NewStore

Retailers may use NewStore's platform to manage their storefronts on iPhones. The firm offers Omnichannel-as-a-Service with the first integrated cloud OMS and mobile POS, specifically designed for mobile shoppers. Retailers may provide seamless shopping experiences across the infinite aisle, mobile checkout, store fulfillment, real-time inventory, and clienteling thanks to intuitive store associate apps. Retailers can easily build an omnichannel strategy that is quick and flexible thanks to an API-first design and a large partner ecosystem. Stephan Schambach, who pioneered e-commerce at Demandware, launched NewStore (now Salesforce Commerce Cloud). The business has locations in Boston, New York, and Berlin.

Company details:
Founders:
Stephan Schambach
Founded:
2015
Based in:
Boston, Massachusetts, United States
Website:
NewStore
Industries:
E-Commerce, Mobile, Retail, Retail Technology, SaaS, Shopping
Latest funding:
$45,000,000
Series B
7 July 2021
Total funding:
$155,399,998
Investors
General Catalyst, Salesforce Ventures, Activant Capital, Enjoyventure Management, Stephan Schambach

Nuvemshop

Nuvemshop offers small and medium-sized businesses (SMBs) the tools they need to quickly launch, run, and market their online businesses from any platform. Owners are able to engage in the e-commerce market, ramp up their sales, decrease expenses, and offer their end consumers a shopping experience thanks to the company's suite of solutions surrounding payments, shipping, inventory management, and marketing. Nuvemshop was founded in 2011 by co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez.

Company details:
Founders:
Alejandro Alfonso, Alejandro Vazquez, Jose Abuchaem, Martin Palombo, Santiago Sosa
Founded:
2010
Based in:
São Paulo, Sao Paulo, Brazil
Website:
Nuvemshop
Industries:
E-Commerce, E-Commerce Platforms, Retail Technology, SaaS
Latest funding:
$500,000,000
Series E
17 August 2021
Total funding:
$628,382,500
Investors
Google for Startups, Tiger Global Management, Accel, Insight Partners, FJ Labs

Paloma

Paloma powers e-com on messaging channels, giving brands 2–10X higher conversion rates compared to their websites. This full-suite commerce SaaS platform rapidly generates the most efficient shopping experiences – all while collecting millions of customer data points, seamlessly feeding insights back to brands.

Company details:
Founders:
Kelsey Hunter, Zachary Podbela
Founded:
2017
Based in:
New York, New York, United States
Website:
Paloma
Industries:
Advertising, Computer, E-Commerce, E-Commerce Platforms, Retail Technology, SaaS, Software
Latest funding:
$4,000,000
Seed
2 June 2021
Total funding:
$5,000,000
Investors
Alumni Ventures, The Fund, The Artemis Fund, Brooklyn Bridge Ventures, Laconia

QuoteMachine

QuoteMachine is a software to help local retailers turn any in-store conversation into an online sale. When a customer leaves the store without buying, the sales associate sends them a personalized microsite that contains the list of the products they talked about. When the customer is ready, they can then order directly from the microsite. Our microsite converts at 70%.

Company details:
Founders:
JD Rocheteau, Jonathan Muschalle
Founded:
2018
Based in:
Montreal, Quebec, Canada
Website:
QuoteMachine
Industries:
E-Commerce, Retail Technology, SaaS, Sales Automation, Software
Latest funding:
$794,149
Seed
29 March 2021
Total funding:
$794,150
Investors
Real Ventures, Telegraph Hill Capital, FounderFuel, Maple Leaf Angels

seer

A SaaS-based sales and communication platform for luxury shops that enables sales representatives to simply and meaningfully link their clients with pertinent inventory, allowing them to more easily meet and surpass their sales targets.

Company details:
Founders:
Christina Czap, Felipe Saint-Jean
Founded:
2019
Based in:
Palo Alto, California, United States
Website:
seer
Industries:
E-Commerce, Retail Technology, SaaS, Software
Latest funding:
$2,300,000
Seed
22 March 2021
Total funding:
$2,425,000
Investors
Y Combinator, Pioneer Fund, Global Founders Capital, Foundation Capital, SoftBank Capital

Shipium

We created Shipium to offer the technology necessary for rapid shipping to become the lynchpin of company and a fantastic shopping experience for the modern logistics operator. Before an online consumer makes a purchase, we assist operators in setting up the framework required to make speedy shipment and a certain delivery date a reality. Our technology controls warehouse inventory, chooses the best shipper, produces labels, and keeps track of deliveries in real time. While assisting multi-billion dollar merchants with their own warehouses to stochastically model and position items to meet future consumer demand, we also collaborate with third-party logistics businesses to maximize delivery. Customers may use Shipium to save shipping costs by 10–12%, quickly launch new carriers, properly predict the fastest delivery date for each cargo, offer track and trace for each shipment, and merchandize quick, affordable delivery as a competitive advantage.

Company details:
Founders:
Jason Murray, Mac Brown
Founded:
2019
Based in:
Seattle, Washington, United States
Website:
Shipium
Industries:
E-Commerce, Logistics, Retail Technology, SaaS, Software
Latest funding:
$27,500,000
Series A
14 April 2022
Total funding:
$37,500,000
Investors
Insight Partners, Good Friends, Trilogy Equity Partners, Christopher North, PSL Ventures

Singuli

For merchants that are constrained in managing merchandise-planning using spreadsheets, reports, and old solutions, Singuli is an optimization platform for modern retail. This SaaS platform offers solutions for demand forecasting and inventory management that dramatically increase margins and working capital usage. It does this by utilizing real-time data sets and cutting-edge machine learning techniques.

Company details:
Founders:
Benjamin Kelly, Thierry Bertin-Mahieux
Founded:
2019
Based in:
New York, New York, United States
Website:
Singuli
Industries:
Artificial Intelligence, B2B, Machine Learning, Retail Technology, SaaS
Latest funding:
$3,699,998
Seed
30 June 2021
Total funding:
$3,699,998
Investors
Alumni Ventures, Harlem Capital Partners, Team Launch, High Alpha, AVG Ventures

STOREE

These days, more than ever before, a competent retail manager must be able to wear numerous hats without sacrificing any aspect of their job. However, there is simply too much to handle manually given the amount of data, storage, tasks, and people. We created an algorithm that, particularly when it comes to sales, emulates the job of shop managers. On a retail level, it pinpoints item problem areas, notifies the store manager, and directs him to address them. Our implementation results in an Automated Data-Driven Task Management Tool that leads all managers to excellence and boosts sales since it is specifically created for the retail sector.

Company details:
Founders:
Asaf Shapira, Chen Cohen, Idan Sergi, Roy Dror
Founded:
2019
Based in:
Tel Aviv-yafo, Tel Aviv, Israel
Website:
STOREE
Industries:
Retail, Retail Technology, SaaS, Software
Latest funding:
$8,000,000
Seed
4 August 2021
Total funding:
$13,000,000
Investors
Signet Jewelers, XRC Labs

Tango Eye

Tango Eye provides actionable insights by leveraging artificial intelligence and advanced real-time analytics. Retail Video Analytics SaaS products help retailers understand the customer journeys, improve employee productivity, enforce safety security standards.

Company details:
Founders:
Surender Gounder
Founded:
2018
Based in:
Chennai, Tamil Nadu, India
Website:
Tango Eye
Industries:
Analytics, Artificial Intelligence, Computer Vision, Retail Technology, SaaS
Latest funding:
$671,740
Seed
30 December 2021
Total funding:
$1,171,741
Investors
Lenskart, Aroa Ventures, Riso Investments

Toolio

Our goal at Toolio is to assist merchants in navigating the difficult, competitive, and dynamic retail environment. Toolio is a cloud-based merchandising platform that facilitates remote collaboration, automates crucial procedures, and offers real-time analytics, helping merchants to make quicker, data-driven decisions regarding their most vital (and pricey) asset: product. An ex-Walmart team of second-time entrepreneurs founded Toolio, a worldwide company with operations in Istanbul and a New York City headquarters, with the support of prominent VCs and leaders in the garment sector.

Company details:
Founders:
Berk Atikoglu, Eytan Daniyalzade
Founded:
2019
Based in:
Brooklyn, New York, United States
Website:
Toolio
Industries:
Finance, Retail, Retail Technology, SaaS
Latest funding:
$8,000,000
Series A
21 October 2021
Total funding:
$10,275,000
Investors
Founder Collective, Jump Capital, Rho Capital Partners, Max Ventures, Notation Capital

vasyERP

vasyERP is a comprehensive cloud-based ERP platform that handles everything from eCommerce to ERP, Production, Inventory, Cloud-POS, Smart Retail, Omnichannel eCommerce, Self - Checkout, Smart Cart, mPOS, Self Ordering, Cloud Printing, ERP, Customer Loyalty & Memberships, CRM, Self-Kiosk, Offers & Discounts, GST Returns, Accounting, and Hybrid POS and much more!

Company details:
Founders:
Dharmendra Ahuja, Khushi Motiyani
Founded:
2017
Based in:
Ahmedabad, Gujarat, India
Website:
vasyERP
Industries:
Apps, Billing, CRM, Enterprise Applications, Enterprise Resource Planning (ERP), Enterprise Software, Retail, Retail Technology, SaaS, Software
Latest funding:
$4,200,000
Seed
10 August 2021
Total funding:
$4,200,000
Investors
Reliance Industries

WurkNow Inc.

WurkNow is a Next-Generation Staffing & Workforce Management Platform that combines the complete hiring process into a single, contemporary, and user-friendly digital experience thanks to our sophisticated data-driven methodology. Utilize our whole end-to-end platform or use our modular alternatives to boost your tech stack: Marketplace (People Sourcing & Pooling): To find, gather, and engage the best talent so you can achieve 100% Fill Rates, we leverage next-generation mobile apps and artificial intelligence. Staffing (Talent Onboarding, Engagement, and Deployment): We streamline the hiring process, make sure you have a platform that helps fill available jobs, and make it simpler than ever to match the best applicants for the job. Human Resources (Compliance, Roles & Documents): From drug tests, certifications, background checks, injuries, legal information, and benefits through performance evaluations and terminations, we securely store and manage it all. Additionally, make it simple for you to upload papers as new legal amendments are made. Timekeeping (Talent Scheduling, Labor & Compliance Management): Based on readily adjustable compliance regulations, we offer accurate, on-time time monitoring and automatic personnel scheduling. Simple time monitoring and management, precise time card data for accurate billing and payment, and client approval of time cards for a more automated procedure. Our Universal JOTM provides a single platform and source of truth for integrating workforce management operations in high-volume workplaces, whether you're a staffing agency giving your customers an MSP service or an employer employing numerous staffing suppliers. Payroll (Pay & Bill): By facilitating smooth data transmission and reconciliation inside a single system, we simplify payroll for the agency, the employer, and hourly workers. Payroll becomes quicker and more precise as a consequence.

Company details:
Founders:
Sammy Singh, TJ Sehmi
Founded:
2017
Based in:
Riverside, California, United States
Website:
WurkNow Inc.
Industries:
Construction, Events, Industrial, Industrial Manufacturing, Packaging Services, Retail, SaaS, Staffing Agency, Virtual Workforce
Latest funding:
$4,500,000
Series A
16 September 2021
Total funding:
$10,000,000
Investors
Newport Hayseed Group

YZR

A saas platform called YZR was created to let businesspeople create their own data. Feature 3 Standardization: Rewrite textual data using accepted practices - Labeling: uses highlighted labels in accordance with an active learning process. - Fuzzy matching: identifies word groupings (for ex: product descriptions) YZR standardizes, labels, and matches data even in the absence of top-down data governance. Through an API that can be connected into any data infrastructure, YZR automates data preparation.

Company details:
Founders:
Arjun Chatterjee, Jean-Philippe Poisson, Sébastien Garcin
Founded:
2019
Based in:
Paris, Ile-de-France, France
Website:
YZR
Industries:
Analytics, Big Data, Cloud Data Services, Data Integration, Retail, Retail Technology, SaaS, Software, Text Analytics
Latest funding:
$11,950,419
Series A
18 March 2022
Total funding:
$14,395,419
Investors
FrenchFounders, Nauta Capital, 50 Partners, Orange Ventures, Bertrand Diard

zip24

Zip24 is a "Software-as-a-Service" (SaaS) firm that offers on-demand software that optimizes operations management features for e-commerce companies. Zip24 forecasts orders, enables logistic transactions, retail, warehousing, order shipping, and fulfilment; and offers end-to-end delivery tracking via a cloud-based warehouse, delivery management, and enterprise resource planning (ERP) solutions bundle. Our warehouse management system (WMS) provides direction for receiving and storing goods, optimizes order selection and delivery, and provides recommendations for stock replenishment. Complete integration with well-known shops, payment gateways, carriers, and other third-party (3P) systems is made possible by this service-oriented design. The business models of retailers, third-party logistics (3PL) providers, and online marketplaces are supported by WMS. WMS is available as a pay-per-use subscription. From collection to delivery, our Delivery Management System (DMS) provides solutions. DMS offers driver applications with premium white-label features, dispatch and support modules, processing for cash on delivery (COD), and real-time tracking of all delivery employees and vehicles with a variety of geo-locating connections. Easy order-drop features, such as batch/csv from e-commerce websites, grocery stores, pharmacies, restaurants, and more, are offered by plugins, such as Magento and Shopify. Customers from all across the world use zip24. Our company, based in Dubai, United Arab Emirates, with development and service centers in Tashkent, Uzbekistan, and now Karachi, Pakistan, was founded by former Amazon employees and SaaS entrepreneurs in the Middle East and Central Asia areas.

Company details:
Founders:
Asif Keshodia, Muzaffar Karabaev
Founded:
2020
Based in:
Dubai, Dubai, United Arab Emirates
Website:
zip24
Industries:
E-Commerce, Retail, SaaS, Software
Latest funding:
$1,200,000
Seed
28 June 2021
Total funding:
$1,200,000
Investors
Sturgeon Capital, Hayaat Group, Teqvisory, Robert Kay

Zipline

The most intricate job in retail is powered by Zipline's operations platform. Built by retailers for retailers, Zipline is aware of the special challenges that today's stores are under and makes sure that everyone working in the industry gets the knowledge, context, and resources necessary to succeed in their individual jobs. By coordinating the fleet, Zipline supports Rite Aid's digital transformation, Sephora's agility, and Gap Inc.'s cost reductions.

Company details:
Founders:
Jeremy Baker, Melissa Wong
Founded:
2014
Based in:
San Francisco, California, United States
Website:
Zipline
Industries:
Business Development, Communications Infrastructure, Information Technology, Retail, Retail Technology, SaaS, Software
Latest funding:
$30,000,000
Series B
2 March 2021
Total funding:
$39,600,000
Investors
Fifth Wall, Alchemist Accelerator, Emergence, Serena Ventures, Ridge Ventures

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