November 7, 2024
Headlines

Retail

Avassa Secures Strategic Investment from H&M Group, Paving the Way for Edge Computing Innovation in Retail

Editor06 mins

Avassa, a pioneering Swedish edge application management and operations platform provider, has successfully closed a new investment round, welcoming H&M Group as a strategic investor. This collaboration aims to modernize IT operations in brick-and-mortar stores, marking a significant step in the retail sector’s evolution. The advent of edge computing is transforming enterprises by enabling data…

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Shaurya Saluja, Co-Founder and CEO of Fleet

Fleet Secures $2.5 Million Seed Round to Transform Commuter Benefits Management

Editor04 mins

Fleet, an emerging leader in modern commuter benefits management, has successfully closed a $2.5 million seed funding round led by Congruent Ventures. This funding round also saw contributions from Great Oaks Venture Capital, Plug and Play Ventures, Rally Cap, and Virta Ventures, along with a notable lineup of angel investors, including former executives from Robinhood…

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Tekion Secures $200 Million Investment to Fuel Automotive Retail Innovation

Editor05 mins

Tekion, a pioneer in cloud-native solutions for the automotive retail sector, has announced a significant milestone with the securing of $200 million in growth equity from Dragoneer Investment Group. This latest infusion of capital elevates Tekion’s valuation to over $4 billion, underscoring its position as a leader in transforming the traditional automotive retail landscape. Founded…

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Rohlik Group Secures $170M to Expand Cutting-Edge Food Retailtech

Editor04 mins

Rohlik Group, a leading Czech food retailtech and online grocery company, has announced a significant milestone with the successful raise of $170 million in growth capital. This funding, which brings Rohlik’s total funding to over $780 million, underscores its position as a pioneer in the online grocery sector across the DACH (Germany, Austria, Switzerland) and…

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