Retale provides a mobile-first app that surfaces nearby stores' weekly circulars and local ads using a user’s location, and 95% of its traffic is mobile. Launched in October 2013, the app reaches about 3.5 million mobile users in the U.S. and has grown engagement to four times last year while hosting 225,000 pieces of retail content from over 130 retailers. The company monetizes by charging partners only when users actively engage with content and expects to grow revenue by at least 300% this year (revenue specifics were not disclosed). Retale has launched an Apple Watch app and plans further investment in wearables as part of its product roadmap. The company is based in Chicago and Berlin, has grown to more than 120 employees in roughly 18 months, and plans to use new funding to hire in product and engineering and to expand into new markets.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

May 2015