The Latest News in Retail Innovation & Startup

Rubikloud

Rubikloud Raises $7 Million In Funding To Help Retailers Analyze Big Data

More and more retailers are learning the importance of big data and how it can be applied to improve sales, but few have the core expertise to understand how to gather, organize, and to analyze it. To help them do so, Toronto-based startup Rubikloud has raised $7 million in Series A

By: Ryan Lawler. Source: TechCrunch

Stella and Dot

Stella & Dot Introduces Skin-Care

The company, best known for statement necklaces sold through direct sales “stylists,” plans to widen its scope with the introduction of a skin-care regimen called Ever.

By: Molly Prior. Source: WWD

CircleUp

CircleUp Carves Out a Niche, as the AngelList of Private Equity

CircleUp isn’t a household name. But the three-year-old, San Francisco-based crowdfunding site has become well-known to consumer and retail companies that are too small to interest private equity firms yet growing too fast for a bank loan.

Boxed

Boxed, a bulk shopping app, raises $25 million

Boxed, a mobile application for wholesale shopping, has raised $25 million in a Series B round of funding. GGV Capital and Digital Sky Technologies led the round with participation from Founders Fund, AME Cloud Ventures, Vaizra Investments, and all prior investors, the company told Fortune.

By: Erin Griffith. Source: Fortune

Retail Innovation

THE CHALLENGE OF RETAIL INNOVATION

Innovation is one of those words that gets mentioned so often in business that it has nearly lost its meaning. Being innovative (and being perceived as innovative) is a sought-after status for most retail companies today, especially as consumers’ behavior continues to evolve.

By: Jennifer Overstreet. Source: NRF

Soylent

Soylent Slurps $20M From A16Z, Lerer, Index To Drink Big Food’s Milkshake

Everyone’s favorite food-disrupting nutritional slurry, Soylent, has just closed a $20 million funding round, led by existing investor Andreessen Horowitz. Another prior investor in its 2013 $1.5 million seed round, Lerer Ventures, also participated in the new financing, along with Index Ventures.

By: Natasha Lomas. Source: TechCrunch

Google Wallet

Banking and Payments Are Moving Into Pockets Everywhere

Advancements by mobile payment systems like Apple Pay are helping digital wallets compete with traditional ones. Since Google Wallet’s 2011 surfacing, PSFK has tracked the progress of the new mobile payment industry as it’s taken shape.

By: Janet Burns. Source: PSFK

Etsy

Etsy crafts IPO, putting New York tech startups back on the map

Etsy Inc. is about to show Silicon Valley that Brooklyn’s hipsters can also do initial public offerings. The website where people sell handmade crafts and vintage goods may be the biggest technology IPO to come out of New York since 1999.

By: Leslie Picker and Alex Sherman. Source: Globe and Mail

EBay

EBay Unveils Retail Platform: All About Omni

EBay is determined to make “omnichannel” more than a buzzword. After a year of testing, the e-commerce and technology giant has begun the rollout of its Retail Associate Platform

By: Rachel Strugatz. Source: WWD

True Fit

True Fit Raises $15M To Give Apparel Shoppers Confidence Online

True Fit, a Massachusetts-based startup that helps apparel shoppers online by comparing fit data from brands with the items in the closet, has passed 5 million users with profiles on their service and raised $15 million for further expansion.

By: Kyle Russell. Source: TechCrunch

Bezar

Fab.com Founder Launches Bezar.com

Bradford Shellhammer, the entrepreneur who in 2010 cofounded Fab.com, an e-commerce site for well-designed home, bed and bath products, personal accessories and furniture, has another business up his tailored sleeve: Bezar.com.

By: Sharon Edelson. Source: WWD