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Stateof

RetailTech

Global|Q32022

Globaldataandanalysisondealmaking,funding,and

exitsbyprivatemarketretailtechcompanies

????III

Signupforafreetrial

StateofRetailTech

GuessLess.WinMore.

CBInsightshelpstheworld’sleading

companiesmakesmartertechnology

decisionswithdata,notopinion.

OurTechnologyInsightsPlatformprovidescompanieswithcomprehensivedata,expertinsights,andworkmanagementtoolsthatenablethemtodiscover,understand,andmaketechnologydecisions.

2

Platform

Connect

Getintroductionstotherighttechnology

products,services,andpartnerswith

oneclick.Noresearch.Nohassle.

StateofRetailTech

Makeyourbrandmoresearchable.Findable.

Buyable.Partnerable.Investable.

CompleteafreeAnalystBriefingSurvey*andgetinfrontofenterprisetechbuyers,M&Ateams,andinvestors.

*Surveytakershaveincreasedtheirleadgeneration3xonaverage.

??

A

lyh?ere?III

BusinessIntelligence&Analytics

4

Everybusinessisconstantlyevolving.WeuseCBInsightstotrackwhateveryoneisdoingandidentifypotentialpartnerships.Theycompileand

structuredatainawaythatsavesustimeand

cutscosts.

AlysonZhang

ChiefOperatingOfficer,Shoplazza

Viewsuccessstory→

5

StateofRetailTech

DigDeeper.

CBInsightsclientscanfindandtrack

companiesusingouranalyst-curated

ExpertCollections.

StoreManagement

Food&MealDelivery

E-Commerce

On-Demand

Loyalty&Rewards

NewRetailFormats

Tech

SupplyChain&

LogisticsTech

6

7

StateofRetailTech

OurMostPopularResearchon

RetailTech

TheBigTechinRetailReport:

HowMeta,Amazon,and

Googlearetransformingretail

160companiesmakingretail

storesmoreprofitable,

efficient,andengaging

13techsolutionstohelp

recession-proofretail

businesses

AnalyzingAlibaba’sgrowth

strategy:Howthetechgiantis

reimaginingretailtodriveits

globalambitions

TheFutureofthePost-

PurchaseExperience:How

technologyistransformingthe

wayweshop

Prioritizingthe13technologies

combatinglaborshortagesfor

hourlyemployeesacross

industries

UnbundlingSHEIN:Howfast

fashionisbeingdisrupted

These14technologiesare

helpingretailersbuildouttheir

medianetworks—herearethe

onestoprioritize

StateofRetailTech

retailtechinQ3'22

TLDRYourrundownon

-33%$24M64%

DeclineinretailtechfundingQoQ.

Fundingfellto$8.5BinQ3’22,markinga5-yearlow.Dealsincreasedby5%forthequarterto776.Omnichannelenablementwasclearlyinfocusandwonsomeofthebiggestroundsofthequarter,includingonlineandofflinepaymenttools,fooddeliveryplatforms,andtoolstodigitizestoreoperations.

Seethedata→

Averagedealsize.

Down35%YTD.

Theaveragedealsizehasdeclinedsignificantlyin2022YTDvs.2021.Itisstillslightlyabovetheannualaveragefor2018-2020($22M),perhapsindicatingareturntoprevioustrends.

Mega-rounds’(dealsof$100M+)shareoffundingalsofelltoa5-yearlowof46%.Just18dealsinQ3’22werefor$100Mormore.

Seethedata→

Early-stagedealshareYTD.

Early-stagedealsmadeupahighershareofretailtechdealsin2022YTDthantheydidin2021,when60%ofdealswereearly-stage.

Investorsalsospentmoreondealsforless-maturecompanies:medianfundingforearly-stagecompanieswasupby9%YTD(to$2.5M).

Seethedata→

12

Publicexits.Anincreasefrom7inQ2’22.

OverallexitsinQ3’22declinedby26%.M&Aexitsdecreasedby31%to111forthequarter.Assupplychainandfulfillmentremaininfocus,logisticsanddeliverycompanieswereamongthebiggestpublicexitsinQ3’22.

Seethedata→

3

Newretailtechunicorns.ThefewestsinceQ1’18.

ThepaceofunicornbirthsinretailtechhasfallenoffdramaticallysinceitspeakinQ4’21(30).Overall,therewere212retailtechunicornsinQ3’22.ThenewunicornsarebasedinAsia(2)andEurope(1)andhighlighttechdrivingoperationalefficiency;bothnewunicornsinAsiaworkinshippinganddelivery,whileEurope’snewunicorn

8

buildsomnichannel

paymentssolutions.

Seethedata→

StateofRetailTech

retailtechinQ3'22

TLDRYourrundownon

-38%40%$91M

Declineincompaniesfundedbythetop3mostactiveinvestors.

Thetop3investorsinQ3’22funded21companies,downfrom34inQ2’22,asinvestorsmadefewer,smallerbets.Gaingels,themostactiveinvestor,funded8companiesinQ3’22.TigerGlobalManagementwasaclosesecondwith7companyinvestments,andSOSVcameinthirdwith6.

Seethedata→

Shareoffunding

toUS-based

companies.

Companiesinthe

USraised$3.4BinQ3’22,a31%declinequarter-over-quarter(QoQ).Thetopdeal-gettersinthe

USincludedD2Cbrandsandbrandaggregatorsas

wellaspersonalization

tech.

Asiacameinsecondwith$2.4B,28%offunding,butledtheworldindealswith36%oftotaldeals(278).

Seethedata→

FundinginAfrica.TriplethefundingofQ2’22.

Dealswerealsoupby69%QoQto27.

ThevastmajorityofdealsinAfricaYTD(89%)wereearly-stage.WhilethetopdealsinQ3’22followedbroaderretailtechtrends,otherspointedtothegrowingopportunitytodigitizeretailinAfricaviaretaildistributiontech,accountingplatforms,andomnichannelpaymentstools.

Seethedata→

10%

Growthinfundingtoe-commerce,theonlysectorwithanincreaseQoQ.

Fundingtoe-commercecompaniesroseto$4.6BinQ3’22.Dealsalsoincreasedby16%.Onlinemarketplacescontinuedtoraisesomeofthebiggestroundsine-commerce;thisquarter,thetopdealsincludedonlinemarketplacebrandaggregators,marketplaceenablementtech,andspecialtymarketplaces.

Seethedata→

-57%

Declineinsupplychain&logisticstechfundingQoQ.

Dealsalsofellinthesectorby12%to142.Thetopdealswenttolast-miledelivery,inventoryforecasting,roboticfulfillment,trucking,andghostkitchens.

Contrarytoretailtechasawhole,supplychaindeals

aremovinglater-stage.Early-stagedealsmadeup54%ofalldealsYTD,levelwith2021andmuchlower

thantheaveragefrom2018-2020(63%).

9

Seethedata→

10

StateofRetailTech

Contents

GlobalTrends

11

GeographicTrends

96

InvestmentTrends

12

US

97

Unicorns

36

Asia

103

ExitTrends

42

Europe

109

Investors

48

LatAm&Caribbean

Africa

115

121

CollectionSpotlights

52

StoreManagementTech

53

E-Commerce

62

Loyalty&RewardsTech

71

SupplyChain&LogisticsTech

78

Food&MealDelivery

87

GlobalTrends

11

InvestmentTrends

12

13

3,251

3,261

3,231

3,119

Deals

2,438

ProjectedFunding$59.7B

Funding

$44.8B

$51.8B

$47.9B

$46.7B

ProjectedDeals

StateofRetailTech|GlobalTrends|InvestmentTrends

Globalretailtechfundingisprojectedtodropby45%YoY

3,825

$108.4B

20182019202020212022

YTD

14

1,012

$27.4B

965

$26.2B

923

891

$25.3B

881

862

843

835

$23.5B

823

812

794

790

773

761

Deals776

739

724

713

$17.6B

$17.0B

$14.1B

$13.8B

Funding$8.5B

$12.7B

$12.2B

$11.7B

$11.4B

$11.3B

$10.9B

$8.9B

$8.8B

$8.8B

957

$29.6B

StateofRetailTech|GlobalTrends|InvestmentTrends

Quarterlyretailtechfundingsinks33%QoQ,dealsrise

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1

Q2

2022

Q3

Asia

$2.4B

278Deals

Europe

$2.3B

153Deals

US

$3.4B

261Deals

$99M

Africa

27Deals

&

LatAm

$

Caribbean

22Deals

Australia

$

13Deals

22Deals

StateofRetailTech|GlobalTrends|InvestmentTrends

TheUSleadsglobalretailtechfunding

Canada

$91M

105M

113M

15

16

Africa,3%

Canada,3%

LatAm&Caribbean,3%

Europe,20%

17%18%

23%21%23%21%

20%

37%

40%

39%

41%

37%40%

40%

34%35%

28%30%29%

21%19%19%

20%23%

35%

39%

37%

39%

34%

30%

37%

35%

35%

35%

36%

35%

34%

33%

32%

30%

34%

37%

36%

22%

20%

24%

28%

18%

19%

37%

37%

Asia,36%

US,34%

StateofRetailTech|GlobalTrends|InvestmentTrends

AsialeadsdealshareinQ3'22,theUS’ssharegrowsQoQ

Australia,2%

20%

37%

37%

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1

Q2

2022

Q3

17

PrivateEquity,5%

Incubator/Accelerator,7%

CVC,7%

Asset/InvestmentManagement,9%

Corp,10%

Angel,14%

Other,20%

5%

8%

6%

10%

12%

21%

34%

5%

7%

10%

5%

12%

11%

19%

31%

VC,28%

StateofRetailTech|GlobalTrends|InvestmentTrends

VCsstillmakethemostinvestments,thoughtheirdealsharedipsQoQ

7%

5%

7%

7%

6%

11%

10%

10%

12%

14%

21%

18%

16%

33%31%34%33%33%32%32%

6%

10%

8%

8%

9%

7%

5%

9%

10%

9%

6%

6%

9%

11%

8%

5%

9%

8%

7%

10%

6%

7%

9%

6%

11%

5%

6%

9%

6%

11%

10%

8%

9%

10%

8%

6%

7%

10%

7%

6%

8%

8%

9%

5%

8%

8%

6%

9%

6%

6%

9%

7%

9%

6%

9%

8%

9%

32%33%32%

6%

8%

8%

9%

10%

10%

8%

30%30%

8%

7%

6%

8%

31%

32%

36%

28%

10%

14%

13%

14%

17%

17%

14%

13%

11%

12%

15%

13%

11%

12%

19%

19%

19%

19%

19%

18%

10%

16%

17%

12%

13%

17%

9%

6%

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1

Q2

2022

Q3

StateofRetailTech|GlobalTrends|InvestmentTrends

E-commercecompaniesleadretailtechfundinganddealsinQ3'22

Food&MealDelivery

SupplyChain&LogisticsTech

Loyalty&Rewards

Tech

E-Commerce

StoreManagementTech(In-StoreRetailTech)

54deals

142deals

$0.8B

$2.0B

25deals

$0.2B

372deals

63deals

$1.9B

DealsFunding

$4.6B

18

19

MedianDealSize

$5M

$4M

$3M

201820202022

YTD

StateofRetailTech|GlobalTrends|InvestmentTrends

AveragedealsizeYTDfallsbyoverathird

AverageDealSize

$37M

$24M

201820202022

YTD

$23M

20

$5M

$5M

$1M

StateofRetailTech|GlobalTrends|InvestmentTrends

Canada,Africa,andAustraliaseemediandealsizegrowth

US

$6M

201820202022

YTD

$5M

$3M

Asia

$7M

$4M

201820202022

YTD

Europe

201820202022

YTD

$3M

$3M

$2M

LatAm&

Caribbean

$5M

$2M

201820202022

YTD

Canada

$4M

$2M

201820202022

YTD

$3M

Africa

$2M

$0M

201820202022

YTD

Australia

201820202022

YTD

$4M

$1M

$4M

21

$20M

Corp

$15M

$10M

$10M

$8M

StateofRetailTech|GlobalTrends|InvestmentTrends

Asset/InvestmentManagementmediandealsizeplummets55%YTD

Angel

$2M

201820202022

YTD

$4M

$3M

Asset/InvestmentManagement

$44M

$26M

201820202022

YTD

CVC

$20M

$13M

201820202022

YTD

$10M

$14M

201820202022

YTD

PrivateEquity

$45M

$20M

201820202022

YTD

$38M

VC

$14M

201820202022

YTD

73

73

66

63

52

32

30

29

23

$7.3B

Funding$3.9B

$6.9B

24

$6.6B

26

$6.5B

$6.3B

$5.8B

20

Deals18

$4.5B

$4.5B

$8.9B

$10.0B$12.8B

$12.4B$19.5B$21.4B$18.6B$18.2B$16.2B

17

$4.6B

StateofRetailTech|GlobalTrends|InvestmentTrends

Mega-roundfundingdeclines38%,dealsdrop45%QoQ

77

33

27

25

23

Q1

Q2

2018

Q3

Q4

Q1

Q2

2019

Q3

Q4

Q1

Q2

2020

Q3

Q4

Q1

Q2

2021

Q3

Q4

Q1

Q2

2022

Q3

22

US

$1.4B

8Deals

Asia

$1.0B

7Deals

StateofRetailTech|GlobalTrends|InvestmentTrends

Europeleadsmega-roundfunding,theUSleadsmega-rounddeals

Europe

$1.5B

3Deals

23

24

US,8

Asia,7

Europe,3

Australia,0

Africa,0

Canada,0

LatAm&Caribbean,0

StateofRetailTech|GlobalTrends|InvestmentTrends

InAsia,quarterlymega-rounddealsplummet81%fromQ3'21peak

36

29

24

23

21

15

14

13

11

7

6

2

2

1

1

1

4

1

21

7

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1

Q2

2022

Q3

25

23%

32%31%31%

47%48%48%49%

77%

68%69%69%

60%

53%52%52%51%

49%

44%

40%

43%

72%

71%

75%

71%

25%

28%

29%

29%

51%

56%

57%

36%

64%

Non-mega-rounds,54%

Mega-rounds,46%

StateofRetailTech|GlobalTrends|InvestmentTrends

Mega-rounds'shareoffundinghitsanewlowinQ3'22

40%

60%

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1

Q2

2022

Q3

26

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopequitydealsinQ3'22

Company

RoundAmount

Round

Date

RoundValuation

SelectInvestors

Country

%ofTotalFunding

1

Klarna

$800M

PrivateEquity

2022-07-11

$6.7B

SequoiaCapital,BESTSELLER,CommonwealthBankofAustralia,SilverLake,CPPInvestments

Sweden

9.4%

2

ContentSquare

$400M

SeriesF

2022-07-21

$5.6B

SixthStreetGrowth,BlackRock,Bpifrance,CanaanPartners,Eurazeo

France

4.7%

3

Satispay

$307M

SeriesD

2022-09-28

$1.0B

Addition,Block,GreyhoundCapital,Lightrock,TencentHoldings

Italy

3.6%

4

LINEMANWongnai

$265M

SeriesB

2022-09-26

$1.0B

GIC,LINECorporation,BRVCapitalManagement,BualuangVentures,PTT

Thailand

3.1%

5

Whatnot

$260M

SeriesD

2022-07-21

$3.7B

CapitalG,DSTGlobal,AndreessenHorowitz,YCombinator,Bond

UnitedStates

3.1%

6

Lenskart

$200M

SeriesJ

2022-07-05

$4.5B

AlphaWaveGlobal,AvendusCapital,EpiqCapital

India

2.4%

7

RuiGuShop

$150M

SeriesD

2022-07-29

N/A

OntarioTeachers’

China

1.8%

8

GrubMarket

$120M

SeriesF

2022-09-28

$2.0B

ApeiraCapital,CelticHouseAsiaPartners,LibertyStreetFunds,TigerGlobalManagement,WalleyeCapital

UnitedStates

1.4%

9

Afresh

$115M

SeriesB

2022-08-04

N/A

SparkCapital,InsightPartners,BaselineVentures,FoodRetailVentures,ImpactEngine

UnitedStates

1.4%

10

Dianxiaomi

$110M

SeriesD

2022-08-16

N/A

SequoiaCapitalChina,SoftBankGroup,GGVCapital,ChinaRenaissance,TigerGlobalManagement

China

1.3%

27

StateofRetailTech|GlobalTrends|InvestmentTrends

Early-stagedealshareincreases4percentagepointsYTD

10%

14%

18%

60%

8%

11%

63%

65%

62%

12%

12%

16%

16%

16%

9%

8%

20182019202020212022

YTD

Other,11%

Late-stage,11%

Mid-stage,14%

Early-stage,64%

28

StateofRetailTech|GlobalTrends|InvestmentTrends

TheUSleadsmid-stagedealshareinQ3'22

Early-stage

Mid-stage

Late-stage

Other

USAsiaEuropeLatAm&CaribbeanCanadaAfricaAustralia

41%

40%

38%

70%

44%

25%

23%

24%

26%

11%

11%

10%

29

Late-stage

$100M

$50M

$30M

201820202022

YTD

Mid-stage

$30M

$30M

$18M

201820202022

YTD

StateofRetailTech|GlobalTrends|InvestmentTrends

Mediandealsizeforearly-stagedealsisup9%YTD

Early-stage

$2.5M

201820202022

YTD

$2.3M

$1.6M

30

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:Topseed/angeldealsinQ3'22

Company

RoundAmount

Round

Date

SelectInvestors

Country

1

PRISM+

$32M

SeedVC

2022-09-19

TNBAura

Singapore

2

Power

$16M

SeedVC

2022-09-14

Anthemis,FinCapital,CRV,DashFund,FinancialVentureStudio

UnitedStates

3

KuaichengLogistics

$14M

Seed

2022-08-10

ChinaInternationalCapitalCorporation

China

4

Refundid

$12M

SeedVC

2022-07-18

SalesforceVentures

Australia

4

TRIP

$12M

Angel

2022-08-22

MariaRaga,ChristianAngermeyer

UnitedKingdom

4

Fermat

$12M

SeedVC

2022-09-19

GreylockPartners,CourtsideVentures,QEDInvestors

UnitedStates

7

Fondue

$11M

SeedVC

2022-09-19

HanacoVentures,QuietCapital,GroundUpVentures,InfinityVentures,JamFund

UnitedStates

8

Dukkantek

$10M

SeedVC

2022-08-15

BECOCapital,AMKInvestmentOffice,ColleCapitalPartners,CommaCapital,WamdaCapital

UnitedArabEmirates

9

Flora

$9M

SeedVC

2022-09-28

23Fund,ClimateCapital,CorrelationVentures,D4Ventures,EsasVentures

UnitedStates

9

Xiniao

$9M

SeedVC

2022-08-22

FushanInvestment,STOExpress,Cainiao,ZTOExpress

China

31

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopSeriesAdealsinQ3'22

Company

RoundAmount

Round

Date

SelectInvestors

Country

1

DeepWay

$67M

SeriesA

2022-08-23

QimingVenturePartners,BOCOMInternational,CCBTrust,CETGCInvestment,HuagaiCapital

China

2

graas

$40M

SeriesA

2022-08-17

KejoraVentures,AJCapital,IntegraPartners,YujVentures,Performa

Singapore

3

AgriAku

$35M

SeriesA

2022-07-11

AlphaJWCVentures,Go-Ventures,MDIVentures,BRIVentures,MandiriCapital

Indonesia

4

PathWater

$30M

SeriesA

2022-09-29

AltosVentures,BlueInvestmentGroup,HartbeatVentures,Ninja,GuyFieri

UnitedStates

4

DEUNA

$30M

SeriesA

2022-07-08

AbstractVentures,AcrewCapital,ActivantCapital,UploadVentures,ValorCapitalGroup

UnitedStates

4

ArabyAds

$30M

SeriesA

2022-08-23

AfricInvest

UnitedArabEmirates

4

accessiBe

$30M

SeriesA

2022-08-21

K1CapitalManagement,GlilotCapitalPartners,ThePhoenix

Israel

8

Gokomodo

$26M

SeriesA

2022-09-06

EastVentures,EightCapital,IndogenCapital,K3Ventures,SahabatGroup

Indonesia

8

Okendo

$26M

SeriesA

2022-07-14

Base10Partners,IndexVentures,CraftVentures

Australia

10

Homzmart

$23M

SeriesA

2022-08-01

Impact46,NuwaCapital,OutliersVentureCapital,RiseCapital,STV

Egypt

10

GoFreight

$23M

SeriesA

2022-08-03

FlexCapital,Headline

UnitedStates

32

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopSeriesBdealsinQ3'22

Company

RoundAmount

Round

Date

SelectInvestors

Country

1

LINEMANWongnai

$265M

SeriesB

2022-09-26

GIC,LINECorporation,BRVCapitalManagement,BualuangVentures,PTT

Thailand

2

Afresh

$115M

SeriesB

2022-08-04

SparkCapital,InsightPartners,BaselineVentures,FoodRetailVentures,ImpactEngine

UnitedStates

3

CapHillBrands

$100M

SeriesB

2022-09-08

BlackRock,Maveron,VersionOneVentures,Ascend.vc

UnitedStates

3

Tamara

$100M

SeriesB

2022-08-22

C,CoatueManagement,Endeavor,SanabilInvestments,ShorooqPartners

SaudiArabia

5

NotSoDark

$80M

SeriesB

2022-09-26

KharisCapital,Verlinvest,ConvivialitéVentures

France

6

AtoB

$75M

SeriesB

2022-08-16

EladGil,GeneralCatalyst

UnitedStates

7

Planted

$70M

SeriesB

2022-09-01

LCatterton,ACE&Company,Be8,ETHFoundation,MovendoCapital

Switzerland

8

JetCommerce

$60M

SeriesB

2022-08-10

HiddenHillCapital,JinqiuFund,ZhejiangSilkRoadFund,ATMCapital,HuiyouCapital

Indonesia

9

Verishop

$40M

SeriesB

2022-07-13

LionCapital

UnitedStates

10

BoostedCommerce

$39M

SeriesB

2022-08-09

TorchCapital

UnitedStates

33

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopSeriesCdealsinQ3'22

Company

RoundAmount

Round

Date

SelectInvestors

Country

1

Swiftly

$100M

SeriesC

2022-09-19

BRVCapitalManagement

UnitedStates

1

Trukker

$100M

SeriesC

2022-09-07

Investcorp,MubadalaInvestmentCompany,RiyadTaqniaFund,MarchHolding,RelianceGroup

UnitedArabEmirates

1

KitchenUnited

$100M

SeriesC

2022-07-25

DivcoWest,FidelityInvestmentsCanada,GoogleVentures,HarryTsao,JohnMiller

UnitedStates

4

KateFarms

$75M

SeriesC

2022-09-19

NovoHoldings,KaiserPermanenteVentures,MainStreetAdvisors,GoldmanSachsAssetManagement

UnitedStates

5

Frubana

$63M

SeriesC

2022-07-07

GGVCapital

Colombia

6

Dot

$58M

SeriesC

2022-09-15

Temasek,IEVentures,NayaCapital,PayU,BankofTokyo-MitsubishiUFJ

India

7

Everytable

$55M

SeriesC

2022-08-04

Creadev,DesertBloom,RefoodInvest,KaiserPermanenteVentures,KimbalMusk

UnitedStates

8

Duckbill

$49M

SeriesC

2022-07-22

ChinaCapitalInvestmentGroup,FurongCapital,FutureCapitalDiscoveryFund,ShunweiCapitalPartners

China

9

Tray.io

$40M

SeriesC

2022-09-27

CPPInvestments,StepstoneGroup

UnitedStates

10

Kojo

$39M

SeriesC

2022-09-14

BatteryVentures,8VC,BoxGroup,SuffolkConstruction,AMECloudVentures

UnitedStates

34

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopSeriesDdealsinQ3'22

Company

RoundAmount

Round

Date

RoundValuation

SelectInvestors

Country

1

Satispay

$307M

SeriesD

2022-09-28

$1.0B

Addition,Block,GreyhoundCapital,Lightrock,TencentHoldings

Italy

2

Whatnot

$260M

SeriesD

2022-07-21

$3.7B

CapitalG,DSTGlobal,AndreessenHorowitz,YCombinator,Bond

UnitedStates

3

RuiGuShop

$150M

SeriesD

2022-07-29

N/A

OntarioTeachers'

China

4

Dianxiaomi

$110M

SeriesD

2022-08-16

N/A

SequoiaCapitalChina,SoftBankGroup,GGVCapital,ChinaRenaissance,TigerGlobalManagement

China

5

CleverTap

$105M

SeriesD

2022-08-09

$775M

CaissededepotetplacementduQuebec,RecruitHoldings,SequoiaCapitalIndia,TigerGlobalManagement,IIFLAMC

UnitedStates

6

Xeneta

$80M

SeriesD

2022-09-13

$265M

ApaxDigital,Creandum,LugardRoadCapital,PointNineCapital,SmedvigCapital

Norway

7

Matsmart

$38M

SeriesD

2022-09-01

N/A

EXOR,SEBPrivateEquity,BlumeEquity,RefoodInvest

Sweden

8

FourKites

$30M

SeriesD

2022-08-25

$1.0B

N/A

UnitedStates

9

AnyMindGroup

$29M

SeriesD

2022-07-19

N/A

JICVentureGrowthInvestments,JapanPostInvestment,MitsubishiUFJCapital,NomuraSparxInvestment,PROTOVentures

Japan

10

Trenbe

$26M

SeriesD

2022-08-19

N/A

AtinumInvestment,IMMInvestment,KoreaInvestment&Securities,LBInvestment,MurexPartners

UnitedKingdom

35

StateofRetailTech|GlobalTrends|InvestmentTrends

Global:TopSeriesE+dealsinQ3'22

Company

RoundAmount

Round

Date

RoundValuation

SelectInvestors

Country

1

ContentSquare

$400M

SeriesF

2022-07-21

$5.6B

SixthStreetGrowth,BlackRock,Bpifrance,CanaanPartners,Eurazeo

France

2

Lenskart

$200M

SeriesJ

2022-07-05

$4.5B

AlphaWaveGlobal,AvendusCapital,EpiqCapital

India

3

GrubMarket

$120M

SeriesF

2022-09-28

$2.0B

ApeiraCapital,CelticHouseAsiaPartners,LibertyStreetFunds,TigerGlobalManagement,WalleyeCapital

UnitedStates

4

Geek+

$100M

SeriesE

2022-08-08

$2.0B

IntelCapital,VertexGrowth,QingyueCapital

China

5

Shiprocket

$33M

SeriesE

2022-08-17

$1.3B

Lightrock,Temasek,BertelsmannIndiaInvestments,MarchCapitalPartners,MooreStrategicVentures

India

6

Brandi

$22M

SeriesE

2022-08-16

N/A

AtinumInvestment,BigBasinCapital,KoreaDevelopmentBank,MiraeAssetVentureInvestment,BreezeInvestment

SouthKorea

7

ShadowfaxTechnologies

$12M

SeriesE

2022-07-11

N/A

Flipkart,Qualcomm,TrifectaCapitalAdvisors

India

8

Cashify

$7M

SeriesE

2022-08-23

N/A

BlumeVentures,Amazon

India

9

Ustraa

$2M

SeriesI

2022-09-21

N/A

IIFL,InfoEdgeVentures,WiproEnterprises

India

9

Rivigo

$2M

SeriesH

2022-08-23

N/A

ElevationCapital,SpringCanterInvestment

India

Unicorns

36

37

210

200

30

18

22

StateofRetailTech|GlobalTrends|Unicorns

Unicornbirthsplummet77%QoQ

TotalUnicorns,212

186

161

13

NewUnicorns,3

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1

Q2

2022

Q3

Canada

Asia

81

2New

2

Europe

35

1New

0New

&

LatAm

12

0New

1

Australia

StateofRetailTech|GlobalTrends|Unicorns

TheUSandAsiatieformostretailtechunicorns

US

81

0New

Caribbean

0New

38

39

Asia,2

Europe,1

Australia,0

Africa,0

Canada,0

LatAm&Caribbean,0

US,0

StateofRetailTech|GlobalTrends|Unicorns

OnlyAsiaandEuropeseeunicornbirthsinQ3'22

13

12

7

6

5

4

3

2

1

3

2

4

7

6

6

1

1

Q1

Q2Q3

2018

Q4

Q1

Q2Q3

2019

Q4

Q1

Q2Q3

2020

Q4

Q1

Q2Q3

2021

Q4

Q1

Q2

2022

Q3

40

StateofRetailTech|GlobalTrends|Unicorns

Global:UnicornbirthsinQ3'22

Company

LatestValuation

Country

1

Shiprocket

$1.3B

India

2

LINEMANWongnai

$1.0B

Thailand

2

Satispay

$1.0B

Italy

41

StateofRetailTech|GlobalTrends|Unicorns

Global:TopunicornsbyvaluationinQ3'22

Company

LatestValuation

Country

1

C

$40.0B

UnitedKingdom

2

Instacart

$39.0B

UnitedStates

3

Fanatics

$27.0B

UnitedStates

4

Xiaohongshu

$20.0B

China

4

J&TExpress

$20.0B

Indones

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