(PRESS RELEASE) – April 15, 2015 – Calibre One client RetailNext, Inc., the worldwide market leader for in-store retail analytics, today announced the company has secured an additional $125 million in growth funding. RetailNext plans to use the new funding to accelerate growth in new markets, further strengthen the company’s presence in North America, Europe and Asia, and pursue relevant strategic acquisitions.
The deal brings the total capital secured by RetailNext to $184 million, and further establishes the company as the clear leader in the in-store retail analytics industry, with more than 160 retail customers and new store deployments growing at a rate of nearly 1,000 stores per month.
Activant Capital Group led the round, with all major existing investors participating, including August Capital, StarVest Partners, Nokia Growth Partners, Commerce Ventures, American Express, Pereg Ventures and Qualcomm Ventures, along with new investor Siguler Guff & Company. Activant’s founder, Steve Sarracino, joins the RetailNext board of directors effective immediately.
The first technology platform to bring e-commerce style shopper analytics to brick-and-mortar stores and malls, RetailNext enables retailers to collect and correlate data from the broadest available set of data sources. Over 160 retailers and brands worldwide have adopted RetailNext solutions to glean the insights necessary to improve customer experience, increase same-store sales, reduce theft and eliminate unnecessary costs.
RetailNext measures the behavior of more than one billion shoppers per year by collecting data from tens of thousands of sensors in retail stores and analyzing trillions of data points annually. Headquartered in San Jose, California, RetailNext is a growing global brand operating in 40 countries. For more information, please visit www.retailnext.net.