Tulip provides cloud-based retail mobile applications that enable store associates to look up products, manage customer information, process checkouts, and communicate with clients. The company is partnered with Apple and supplies apps used by retailers including Mulberry, Saks Fifth Avenue, Kendra Scott, Kate Spade, COACH, and Michael Kors. Tulip plans to use the proceeds from its Series C to expand operations, grow its sales and marketing team, accelerate product roadmap development, and increase global expansion. The company raised $28M in Series C funding led by Arrowroot Capital with participation from BDC Capital and existing investors. Tulip is led by founder and CEO Ali Asaria and is based in Kitchener, Ontario, Canada. Tulip provides a mobile application platform designed exclusively for retail stores and sales associates, enabling associates to look up products, manage customer information, check out shoppers, and communicate with clients. The platform is partnered with Apple and is used by retailers including Saks Fifth Avenue, Kate Spade, Coach, Frye Boots, Bonobos, and Toys"R"Us. Tulip is already deployed across 25 countries and supports seven languages, and the company reports increasing demand in Europe, South America and Asia. Led by CEO Ali Asaria, the company intends to use new funding to drive international growth and continue product innovation. The company recently completed a significant financing event, reflecting investor confidence in its retail-focused mobile technology. Current operating metrics in the article note geographic and language deployments but no revenue figures were provided.

Total raised

$68M

Funding rounds

2

Latest round

Series C

Latest activity

Jun 2021