Cbinsights-2022年二季度零售技术状况

Stateof

RetailTech

Global|Q22022

Globaldataandanalysisondealmaking,funding,and

exitsbyprivatemarketretailtechcompanies

2

StateofRetailTech

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StateofRetailTech

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8

StateofRetailTech

Whatyouneedtoknowabout

retailtechinQ2'22

$13.2BInglobalretailtechfunding.

Globalretailtechfundingdecreased43%QoQto$13.2BinQ2’22.Quarterlydealsfell21%,to710.ThecollapseinretailtechfundingwasthebiggestacrossthemajorsectorsCBInsightscovers,includingfintech(-33%)anddigitalhealth(-32%).

-46%

USfundingfalls

QoQ.

Worldwide,fundingdeclinedineverymarketexceptAustralia,whereitwasflatvs.Q1’22.

IntheUS,retailtechfundingnearlyhalvedQoQ,falling46%to$4.8B.TopdealsintheUSlargelywenttocompaniesacrossonlineprocurementmarketplacesandsupplychain.

51%

Shareoffundingfrommega-rounds.Two-yearlow.

At$6.7B,totalfundingfrommega-rounds($100M+deals)representedjusthalf(51%)ofretailtechdollarsinvestedinQ2’22—asteepdeclinefromtwo-thirds(69%)inQ1’22,andthelowestsharein2years.Mega-roundactivitycontinuedtofallinQ2’22,droppingto32dealsfrom61inQ1’22.

$82MMedianlate-stagedealsizeYTD.Down18%from2021.

Halfwaythroughtheyear,investorsarepullingbackonbiglate-stagerounds.Themediansizeoflate-stagedealsdroppedbelowthe$100Mmarkhitforthefirsttimein2021.Butmedianfundingformid-andearly-stagedealshasincreasedYTD(12%and13%,respectively).Early-stagedealsstillmakeupover60%ofallretailtechdeals.

5

NewUSunicorns.Themostbyregion.

Therateofnewunicornbirthshascontinuedtolosesteamin2022.OftheretailtechunicornsthatemergedinQ2’22,theUSledacrossregionswith5.UnicornbirthsinQ2’22spannedsectors,from

e-commerceenablementandonlinemarketplacestocashierlesscheckoutforstoresaswellassupplychain&logisticstech.

9

StateofRetailTech

Whatyouneedtoknowabout

retailtechinQ2'22

18

MedianmonthsbetweenSeriesAandSeriesBrounds,upYTD.

Retailtechstartupsaretakingmoretime—2monthsatthemedian—tomovefromraisingtheirSeriesA(early-stage)toSeriesB(mid-stage)roundsin2022sofar.ThemedianmonthsbetweenseedandSeriesAdealshavealsotickedup.Thiscouldpointtogrowinginvestorcaution.

160

M&Adeals.Down

23%fromQ4’21

peak.

RetailtechM&AcontinuedtofallfromitspeakinQ4’21(207).Thequarter’stopdealsbroadlyhit

e-commerce,including

onlineenablement,

e-commercedataanalytics,anddeliveryandlogisticscompanies.Publicexitsdeclinedinthequarteraswell,totaling7betweenIPOsandSPACs(thoughSPACstripledvs.Q1’22,to3).

-29%

Decreaseincompaniesfundedbytop10investors.

Thetop10investorsfundedsignificantlyfewercompaniesinQ2’22,fallingto80from113inQ1’22.

TigerGlobalManagementledthefieldagain,with15companies.Thegiantfocusedone-commerce,withdealsforfashionandquickcommerceplatformsaswellasforlogisticsandotherenablementtech.

-60%Declineine-commercefunding.

Withinretailtech,

e-commercefundingsawthelargestdecrease,falling60%fromQ1’22to$4.3B.

E-commercedealsalsofell,reachingan8-quarterlowof325.

Thisdeclinecomesasshopperbehaviorrebalancesbetweenphysicalanddigitalshoppingpost-pandemic.

-52%

Decreaseinsupplychain&logisticstechfundingQoQ.

Despiteongoingsupplychainchallenges,fundingtotechinthesectortookadiveinQ2’22to$4.5B.Dealsalsodeclinedby32%QoQandhavecontinuedtoshiftawayfromearly-stagecompaniesandtowardmid-stagecompaniesin2022sofar.

Toolsthatdriveefficienciesandlowercosts,includingrobotics&truckingnetworktech,wonsomeofthe10biggestrounds.

11

$23.2B

Q12022

43%decrease

$13.2B

Q22022

StateofRetailTech|GlobalTrends|InvestmentTrends

GlobalretailtechfundingtakesadiveinQ2’22

$13.8B$12.2B$11.8B$14.0B$17.2B$11.1B$10.9B$8.7B$8.7B$9.0B$11.4B$17.7B$25.1B$29.9B$27.5B$26.1B

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1Q2

2022

12

$9.7B

$8.9B

Q12022

$9.0B

$8.4B

$7.3B

46%decrease

$7.2B

$5.9B

$5.0B

$4.9B

$4.6B

$4.6B

$4.3B

$4.0B

$4.8B

Q22022

$3.2B

$3.1B

$3.1B

StateofRetailTech|GeographicTrends|USTrends

USretailtechfundingnearlyhalvesQoQ

$10.4B

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1Q2

2022

13

StateofRetailTech|GlobalTrends|InvestmentTrends

$100M+mega-roundsaccountforlowestshareoffundingin2years

-18

percentagepointsQoQ

51%

Q22022

64%60%56%71%75%58%53%52%52%51%60%70%77%73%68%70%69%

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1Q2

2022

14

$1.8M

$1.8M

$1.5M

$337M

$30.0M

$20.0M

$18.0M

$17.5M

$100.0M

$81.7M

StateofRetailTech|GlobalTrends|InvestmentTrends

Medianlate-stagedealsizesinksin2022YTD,otherstagesincrease

Early-stage

13%

$2.6M

$2.3M

20182019202020212022

YTD

Mid-stage

12%

.

20182019202020212022

YTD

Late-stage

18%

$41.5M

$36.0M

$30.0M

20182019202020212022

YTD

15

StateofRetailTech|GlobalTrends|Unicorns,Valuations,&Multiples

TheUSsees5retailtechunicornsemergeinQ2’22,downfromQ4’21peak

13

62%

sinceQ4’21

7

5

5

newunicorns

3

2

1

10

3

3

3

3

2

4

4

7

7

9

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1Q2

2022

16

StateofRetailTech|GlobalTrends|InvestmentTrends

MediantimebetweenSeriesA(early-stage)andSeriesB(mid-stage)raisesgrows

17

1515

18

months

2022YTD

slower

2months

16

months

2021

20182019202020212022

YTD

17

207

StateofRetailTech|GlobalTrends|ExitTrends

M&AexitscontinuetodeclinefromQ4’21high

192

184

23%sinceQ4’21

179

176

160

M&As

132

124122

80

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1

2022

Q2

18

StateofRetailTech|GlobalTrends|Investors

Top10investorsfund29%fewerretailtechcompaniesinQ2’22

Q12022

Investor

CompanyCount

1

TigerGlobalManagement

24

2

GlobalFoundersCapital

15

3

Gaingels

14

4

SoftBankGroup

13

5

FJLabs

9

6

SOSV

9

7

InsightPartners

8

8

Accel

7

9

Bpifrance

7

10

CoatueManagement

7

Total

113

Q22022

Investor

CompanyCount

1

TigerGlobalManagement

15

2

500Global

10

3

Gaingels

9

4

EastVentures

8

5

GlobalFoundersCapital

8

6

Accel

6

7

InsightPartners

6

8

LetsVenture

6

9

SBIInvestment

6

10

SOSV

6

Total

80

29%

19

$14.6B

$12.8B

$12.7B

$10.7B

Q12022

60%

decrease

$6.5B

$6.3B

$6.1B

$6.0B

$5.9B

$5.9B

$5.4B

$5.2B

$5.1B

$3.9B

$3.6B

$4.3B

Q22022

$2.9B

StateofRetailTech|CollectionSpotlights|E-Commerce

E-commercefundingplummets60%QoQ,biggestdecreasewithinretailtech

$14.9B

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1Q2

2022

20

$10.2B

$9.4B

$9.9B

Q12022

$8.8B

$8.5B

52%

decrease

$8.2B

$6.3B

$5.5B

$5.4B

$4.5B

Q22022

$4.8B

$4.3B

$4.2B

$3.6B

$3.4B

$2.3B

$2.2B

StateofRetailTech|CollectionSpotlights|SupplyChain&LogisticsTech

Supplychain&logisticstechfundingfallsbymorethanhalfinQ2’22

$10.5B

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1Q2

2022

21

Contents

Asia

StateofRetailTech

GlobalTrends

InvestmentTrends

Unicorns,Valuations,&Multiples

ExitTrends

Investors

CollectionSpotlights

StoreManagementTech

E-Commerce

Loyalty&RewardsTechSupplyChain&LogisticsTechFood&MealDelivery

GeographicTrends

US

SiliconValley

NewYork

LosAngeles

22

23

51

64

71

80

81

92

103

114

125

136

137

146

150

154

China

India

Japan

Europe

UnitedKingdom

Germany

France

Netherlands

Sweden

LatAm&Caribbean

Brazil

Africa

Australia

158

166

170

174

178

186

190

194

198

202

206

214

218

225

GlobalTrends

22

InvestmentTrends

23

24

3,764

StateofRetailTech|GlobalTrends|InvestmentTrends

2022’sretailtechfundingisonpacetobe33%lessthan2021’stotal

ProjectedDeals

3,207

3,081

ProjectedFunding$72.9B

Deals

Funding$36.4B

$108.6B

3,222

1,611

$51.9B

$47.9B

$46.7B

3,238

20182019202020212022

YTD

25

946

935

$26.1B

901

881

858

Deals

710

789

$23.2B

710

$13.8B

$12.2B

$11.8B

$17.2B$11.1B$10.9B$8.7B$8.7B$9.0B$11.4B$17.7B$25.1B$29.9B$27.5B

StateofRetailTech|GlobalTrends|InvestmentTrends

Q2’22retailtechfundingdrops43%QoQ,dealsdecline21%

1,006

877

829

756

703

834

811

806

772

777

Funding$13.2B

$14.0B

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1Q2

2022

Asia

$4.9B

269Deals

US

$4.8B

195Deals

Europe

$2.7B

175Deals

$62M

Australia

$0.2B

16Deals

7Deals

StateofRetailTech|GlobalTrends|InvestmentTrends

Asialeadsglobalfundinganddeals,theUSfollowsclosebehind

Canada

LatAm&

Caribbean

$0.5B

31Deals

Africa

$29M

17Deals

26

27

Europe

StateofRetailTech|GlobalTrends|InvestmentTrends

AllregionsexceptAustraliaseefundingdeclineQoQ

US

$4.8B

Q1

Q3

2021

Q1

2022

Canada

$62M

Q1

Q3

2021

Q1

2022

Asia

$4.9B

Q1

Q3

2021

Q1

2022

Africa

$29M

Q1

Q3

2021

Q1

2022

$2.7B

Q1

Q3

2021

Q1

2022

Australia

$155M

Q1

Q3

2021

Q1

2022

LatAm&Caribbean

$0.5B

Q1

Q3

2021

Q1

2022

28

Australia,2%

Canada,1%

LatAm&Caribbean,4%

Europe,25%

17%17%

24%21%23%21%

21%

37%

40%

39%

40%

37%40%

40%

34%35%

30%30%

22%20%19%

20%23%

36%36%

35%

36%

39%

37%

34%

31%

30%

36%

35%

34%

35%

34%

34%

32%

30%

37%

34%

37%

22%

20%

28%

19%

18%

Asia,38%

US,27%

StateofRetailTech|GlobalTrends|InvestmentTrends

Asialeadsglobaldealshare

Africa,2%

20%

37%

37%

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1Q2

2022

29

Incubator/Accelerator,6%

PrivateEquity,6%

Corp,8%

CVC,9%

Asset/InvestmentManagement,11%

Angel,13%

Other,18%

8%

5%

10%

6%

12%

21%

34%

VC,30%

StateofRetailTech|GlobalTrends|InvestmentTrends

VCscontinuetoleadinvestordealshareinQ2’22

7%

6%

9%

8%

10%

7%

10%

10%

13%

11%

14%

21%

16%

33%32%34%33%33%32%32%

9%

5%

10%

8%

7%

12%

6%

5%

11%

9%

6%

11%

6%

8%

11%

7%

10%

5%

7%

9%

9%

10%

5%

7%

9%

7%

11%

6%

8%

8%

7%

10%

6%

7%

9%

8%

8%

8%

5%

9%

8%

6%

9%

6%

10%

7%

6%

11%

7%

6%

12%

6%

6%

8%

9%

32%33%32%

9%

9%

8%

9%

8%

6%

31%32%

30%30%

36%

28%

13%

14%

14%

14%

17%

13%

12%

12%

10%

19%

12%

19%

19%

19%

18%

19%

17%

18%

16%

17%

13%

12%

19%

9%

9%

9%

9%

8%

8%

8%

6%

6%

6%

6%

5%

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1Q2

2022

30

StateofRetailTech|GlobalTrends|InvestmentTrends

Averagedealsizesinks26%in2022YTD,mediandealsizeflattens

$38M

$23M

$3M

$21M

$3M

$21M

$3M

$5M

AverageSize

$28M

MedianSize$5M

20182019202020212022

YTD

31

Europe

StateofRetailTech|GlobalTrends|InvestmentTrends

MediandealsizeshrinksintheUSandAsia,allotherregionsseegrowth

US

$6M

201820202022

YTD

Asia

$6M

201820202022

YTD

$4M

201820202022

YTD

LatAm&Caribbean

$6M

201820202022

YTD

Canada

$6M

201820202022

YTD

Africa

$2M

201820202022

YTD

Australia

$4M

201820202022

YTD

32

$22M

Corp

$14M

$10M

$11M

StateofRetailTech|GlobalTrends|InvestmentTrends

Mediandealsizeplummetsforasset/investmentmanagementfirms

Angel

201820202022

YTD

$4M

$4M

$2M

Asset/InvestmentManagement

$46M

$26M

201820202022

YTD

CVC

$20M

201820202022

YTD

$12M

$13M

$15M

201820202022

YTD

PrivateEquity

$45M

$20M

201820202022

YTD

$38M

VC

$15M

$8M

201820202022

YTD

33

Funding$22.7B

Deals

93

StateofRetailTech|GlobalTrends|InvestmentTrends

Fundingfrommega-rounds($100M+)nears$23Bin2022YTD

290

121

111

96

$32.8B

$29.7B

$77.9B

$28.3B

20182019202020212022

YTD

34

77

66

61

$19.4B

$18.6B

$18.2B

52

$16.0B

Deals

32

33

$12.9B

$12.4B

30

29

$10.0B

27

26

Funding$6.7B

25

24

23

23

20

$8.9B

$7.3B

16

$6.9B

$6.6B

$6.5B

$5.8B

$4.5B

$4.5B

$4.5B

72

75

StateofRetailTech|GlobalTrends|InvestmentTrends

Mega-roundfundingsinks58%QoQ,dealsfallto7-quarterlow

$21.7B

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1Q2

2022

Asia

$2.4B

11Deals

US

$2.7B

13Deals

StateofRetailTech|GlobalTrends|InvestmentTrends

TheUSleadsmega-roundfundinganddeals

Europe

$1.3B

6Deals

LatAm&

Caribbean

$0.3B

2Deals

35

36

US,13

Asia,11

Europe,6

LatAm&Caribbean,2

Australia,0

Africa,0

Canada,0

StateofRetailTech|GlobalTrends|InvestmentTrends

Mega-roundcountplummetsacrossmostregionsinQ2’22

36

33

29

25

24

23

21

19

15

13

7

2

1

1

4

1

1

13

4

7

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1Q2

2022

37

97%

Non-mega-rounds,95%

Mega-rounds,5%

StateofRetailTech|GlobalTrends|InvestmentTrends

Mega-roundsmakeup5%oftotalretailtechdealsinQ2’22

97%97%96%96%97%97%97%98%97%96%94%92%92%92%93%93%

6%8%8%8%7%7%

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1Q2

2022

38

36%

64%

Non-mega-rounds,49%

Mega-rounds,51%

StateofRetailTech|GlobalTrends|InvestmentTrends

Mega-roundsaccountforlowestshareoftotalfundingsinceQ2’20

30%31%

40%

47%48%48%49%

77%

70%69%

60%

53%52%52%51%

44%

40%

42%

70%

73%

75%

71%

30%

32%

23%

25%

27%

29%

68%

60%

56%

58%

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1Q2

2022

39

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopequitydealsinQ2'22

Company

RoundAmount

Round

Date

RoundValuation

SelectInvestors

Country

%ofTotalFunding

1

EcoVadis

$500M

SeriesD

2022-06-14

$1.0B

AstorgPartners,BeyondNetZero,GIC,PrincevilleGlobal

France

3.8%

2

Faire

$416M

SeriesG

2022-05-10

$12.6B

SequoiaCapital,YCombinator

UnitedStates

3.1%

3

Wonder

$350M

SeriesA

2022-06-14

$3.5B

BainCapitalVentures,Accel,GeneralCatalyst,NewEnterpriseAssociates,ForerunnerVentures

UnitedStates

2.6%

4

SumUp

$312M

SeriesE

2022-06-23

$8.5B

BainCapitalTechOpportunities,CrestlineInvestors,btovPartners,

BlackRock

UnitedKingdom

2.4%

5

MEGAROBO

$300M

SeriesC

2022-06-15

N/A

AsiaInvestmentCapital,GGVCapital,GoldmanSachsAssetManagement,SinovationVentures,HarvestCapital

China

2.3%

5

SpotOn

$300M

SeriesF

2022-05-18

$3.6B

DragoneerInvestmentGroup,AndreessenHorowitz,DSTGlobal,FranklinTempleton,MubadalaInvestmentCompany

UnitedStates

2.3%

5

Kitopi

$300M

SeriesC

2022-05-10

$1.6B

SoftBankGroup,B.RileyVentureCapital,ChimeraInvestments,DisruptAD,DogusGroup

UnitedArabEmirates

2.3%

8

Param

$200M

VentureCapital

2022-06-15

N/A

AlphaPrivateEquity,CeecatCapital,RevoCapital,EuropeanBankforReconstructionandDevelopment(EBRD)

Turkey

1.5%

8

Salsify

$200M

SeriesF

2022-04-13

$2.0B

TPGCapital,CapTableCoalition,NeubergerBerman,Permira

UnitedStates

1.5%

8

Zepto

$200M

SeriesD

2022-05-02

$900M

YCombinator,Contrary,GladeBrookCapital,LachyGroom,NexusVenturePartners

India

1.5%

40

StateofRetailTech|GlobalTrends|InvestmentTrends

Early-stagedealsharecontinuestodominatein2022YTD

10%

14%

18%

60%

8%

11%

63%

64%

62%

12%

12%

16%

16%

16%

9%

8%

20182019202020212022

YTD

Other,11%

Late-stage,11%

Mid-stage,16%

Early-stage,62%

41

StateofRetailTech|GlobalTrends|InvestmentTrends

Asialeadsearly-,mid-,andlate-stagedealshareinQ2’22

Early-stage

Mid-stage

Late-stage

Other

USAsiaEuropeLatAm&CaribbeanCanadaAfricaAustralia

39%

41%

23%

64%

21%

26%

25%

26%

23%

51%

18%

16%

6%

42

Late-stage

$100M

$82M

$30M

201820202022

YTD

Mid-stage

$34M

$30M

$18M

201820202022

YTD

StateofRetailTech|GlobalTrends|InvestmentTrends

Late-stagemediandealsizedrops,otherstagesseeincrease

Early-stage

$3M

201820202022

YTD

$2M

$2M

43

17

StateofRetailTech|GlobalTrends|InvestmentTrends

Firmsaretakinglongertomoveoutoftheearlystages(seed/SeriesA)in2022sofar

Seed/AngeltoSeries

A

15

14

201820202022

YTD

15

SeriesAtoB

18

16

15

201820202022

YTD

SeriesBtoC

17

15

201820202022

YTD

15

SeriesCtoD

16

11

201820202022

YTD

SeriesDtoE+

17

13

10

201820202022

YTD

44

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:Topseed/angeldealsinQ2'22

Company

RoundAmount

Round

Date

SelectInvestors

Country

1

RubiBrands

$23M

SeedVC

2022-05-25

AlarkoVentures,D4Ventures,EsasVentures,AtempoGrowth,JamFund

Turkey

2

Recurate

$14M

SeedVC

2022-05-16

JumpCapital,GradientVentures,AngelList,RevolutionRiseOfTheRestSeedFund,VictressCapital

UnitedStates

2

Backbone

$14M

SeedVC

2022-04-14

12/12Ventures,NautilusVenturePartners

UnitedStates

2

Locale

$14M

SeedVC

2022-05-17

AndreessenHorowitz,DecentCapital,YCombinator,WaveCapital,DeborahLiu

UnitedStates

5

BotsAndUs

$13M

SeedVC

2022-06-23

Lakestar,CapnamicVentures,KindredCapital,MaerskGrowth

UnitedKingdom

6

Pixmania

$12M

Seed

2022-06-08

XavierNiel

France

7

GetHenry

$11M

SeedVC

2022-05-11

PhoenixCourtGroup,VisionariesClub,APX,EnBWNewVentures,FounderCollective

Germany

8

Cashew

$10M

Seed

2022-05-09

MashreqBank

UnitedArabEmirates

8

Synop

$10M

SeedVC

2022-06-23

ObviousVentures,BetterVentures,CongruentVentures,WireframeVentures

UnitedStates

8

YouKraft

$10M

Seed

2022-04-11

GoelFamilyOffice

India

8

TYB

$10M

Seed

2022-06-02

N/A

UnitedStates

8

buywith

$10M

SeedVC

2022-05-25

IgniteXL,FABVentures,IraniCVC,RegahVentures,TrueGlobalVentures

Israel

45

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopSeriesAdealsinQ2'22

Company

RoundAmount

Round

Date

SelectInvestors

Country

1

Wonder

$350M

SeriesA

2022-06-14

BainCapitalVentures,Accel,GeneralCatalyst,NewEnterpriseAssociates,ForerunnerVentures

UnitedStates

2

Style3D

$100M

SeriesA

2022-06-21

CDHInvestments,HillhouseCapitalManagement

China

3

Mothership

$76M

SeriesA

2022-05-11

Benchmark,BowVentures,WestCapGroup,DouglasStotlar

UnitedStates

4

AppHub

$60M

SeriesA

2022-04-21

SilversmithCapitalPartners

UnitedStates

5

ITOGO

$53M

SeriesA

2022-05-19

LanitVentures

RussianFederation

6

Carma

$52M

SeriesA

2022-05-12

GeneralCatalyst,TigerGlobalManagement,AvenirGrowthCapital,EntreeCapital,FiveVCapital

Australia

7

Rainforest

$45M

SeriesA

2022-06-20

CanopyTropics,InsigniaVenturesPartners,JanuaryCapital,Monk'sHillVentures

Singapore

8

Wingcopter

$42M

SeriesA

2022-06-21

ITOCHUCorporation,XplorerCapital,FuturyCapital,REWEGroup,Salvia

Germany

9

SOLV

$40M

SeriesA

2022-06-27

SBIGroup,SCVentures

India

9

Zubale

$40M

SeriesA

2022-04-20

QEDInvestors,NFX,Felicis,GlobalFoundersCapital,MayaCapital

Mexico

46

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopSeriesBdealsinQ2'22

Company

RoundAmount

Round

Date

SelectInvestors

Country

1

Justo

$152M

SeriesB

2022-04-07

GeneralAtlantic,FoundationCapital,QuietCapital,AragoCapital

Mexico

2

AgilityRobotics

$150M

SeriesB

2022-04-21

DataCollective,PlaygroundGlobal,ITICVentures,MFVPartners,RoboticsHub

UnitedStates

2

Firework

$150M

SeriesB

2022-05-24

SoftBankGroup

UnitedStates

4

Finn