Led · Equity · Jun 2021

RetailNext provides smart store analytics that automatically collects and analyzes shopper behavior through proprietary sensors and a centralized SaaS solution to optimize store performance, security, and compliance. The platform includes solutions such as theft prevention analytics and predictive traffic forecasting and is used for in‑store traffic and conversion analytics. RetailNext has scaled to more than 100 countries, served 560 retail brands, and in 2024 averaged 1,200 installations into physical retail shops per month. The company plans to expand its international team, accelerate product innovation, and use significant capital for acquisitions. RetailNext was founded in 2008 and is headquartered in Campbell, California. Houlihan Lokey served as advisors on the transaction. RetailNext operates a centralized SaaS and IoT platform that aggregates shopper behavior data and delivers in-store analytics to help retailers optimize the customer journey and operations. The platform integrates data from staffing systems, promotional calendars, weather services, point-of-sale systems, Wi‑Fi device detection, and video analytics. Its tools enable retailers to measure store performance, drive sales, reduce costs, and mitigate liability risks. The company was founded in 2007 by Cisco engineers and, as of May 2021, its analytics software has been adopted by over 450 retailers in more than 85 countries. RetailNext experienced record growth in Q1 2021, and the firm says post-COVID retailers are seeking innovative platforms to sustain their business. The company plans to use new capital to accelerate implementation of retail data infrastructure solutions in response to rising market demand. RetailNext operates a retail-oriented Internet-of-Things platform that conducts shopper analytics via a centralized SaaS platform. The company focuses on providing analytics to retail operators to understand shopper behavior. Its core product is described in the article as a consolidated SaaS solution for shopper analytics. The report highlights a strategic equity investment into the company, suggesting external investor interest. The article does not provide operating metrics, revenue, user counts, or financing size. No future product plans or financial details are specified in the coverage. RetailNext offers a SaaS platform that collects and correlates data from a broad set of in-store data sources, including sensors, to measure shopper behavior. Led by founder and CEO Alexei Agratchev, the company operates in 40 countries. It plans to use new funding to extend platform capabilities through investment in research and development, including expanding engineering resources and adding in-store location and predictive analytics technologies. RetailNext also intends to accelerate growth in new markets, strengthen its presence in North America, Europe and Asia, and pursue strategic acquisitions. The company has raised $184M to date, including the most recent $125M round. RetailNext offers in-store analytics and big-data services that aggregate video, passive Wi‑Fi, point-of-sale, workforce management, credit-card and other data to track and analyze shopper behavior. The company tracks over 500 million shoppers per year across nearly 100,000 in-store sensors in 33 countries and serves about 140 global retail customers. New store deployments are growing at a rate of at least 400 installations per month, and customers include Bloomingdales, American Apparel, Brookstone, Mont Blanc, Ulta and Family Dollar. RetailNext acquired the opt-in in-store data tracking service Nearbuy in December 2013 in a mid-teen-millions deal to add Wi‑Fi-based tracking. With the new funding, the company plans to expand into Asia, Europe, Latin America and other emerging markets and to boost research and development. It is pursuing additional in-store location and predictive analytics applications for the data it collects.

Led · Equity · Nov 2017

V3 Commodities Group Holdings provides capital and risk management services to retail energy providers across the deregulated North American market. The firm supplies physical power and natural gas and offers associated credit support facilities and operational support. Its principal services include trade credit and working capital facilities, electricity and natural gas supply, risk management, natural gas logistics and other physical market services. V3 also offers pricing and scheduling services and M&A advisory for acquisition and disposition of retail-sector assets. Led by CEO J. Scott Perry, the company is based in Houston and maintains offices in New York and Baltimore. V3 closed a $50m initial funding round and will use the proceeds to continue expanding operations.

Led · Equity · Jun 2016

Rimini Street is an independent provider of enterprise software support for a wide range of SAP and Oracle products and databases. The company says it has more than 10 years of delivery experience and over 1,400 signed clients, including more than 130 Fortune 500 and Global 100 organizations. Rimini Street reports strong growth metrics: average annual revenue growth of 36% since 2010 (39% since 2012), an annual run-rate approaching $150 million as of fiscal Q1 ending March 31, 2016, and its 41st consecutive quarter of growth. In Q1 2016 the company reported employee count and total signed clients grew 36% and 31% year‑over‑year, respectively. Rimini Street highlights customer economics—clients can save up to 90% on total support costs, avoid required upgrades for at least 15 years, and the company says it has saved clients more than $1 billion in maintenance costs since inception. The company plans to use new capital to accelerate global growth and expand its product portfolio. Rimini Street is a Las Vegas-based enterprise software maintenance company that provides maintenance and support for enterprise applications. The company secured a $15 million funding round from Bridge Bank. Executives said the capital will be used to expand beyond the U.S. into international markets, specifically Brazil and the Asia Pacific region. The article identifies Bridge Bank as a Silicon Valley firm. The funding is presented as enabling the startup’s global expansion plans. The article does not disclose revenue, user metrics, or prior financings for Rimini Street.

Participated · Seed · Mar 2016

Chronicled operates the blockchain-powered MediLedger Network, a Web3 network for the life sciences and healthcare industry that enables automation, trust and automatic settlement for inter-company transactions. The company facilitates working groups with trading partners to create solutions that enable trust and automation and offers trading partners ways to manage revenue, automate manual processes and eliminate revenue leakage. Through MediLedger, Chronicled aims to ensure pricing accuracy and efficiency for health care providers and dispensers. The company is led by CEO Susanne Somerville and is based in San Francisco, California. In February 2022 Chronicled raised US$8.3M and intends to use the funds to accelerate growth and expand operations, team and product. The MediLedger network was founded in 2017 by Susanne Somerville and Eric Garvin, with Ryan Orr and Maurizio Greco. Chronicled builds software tools and protocols that enable decentralized blockchain networks to support multi-party supply chain ecosystems while enforcing cross-organization business rules without exposing private data. The company is piloting the MediLedger Network with major manufacturers, distributors, and solution providers and plans a commercial launch in 2019. It raised $16m in a Series A to expand the MediLedger Network, add service provider integrations, and develop protocols for channel integrity, chargebacks, contracting, and revenue management. Chronicled is opening a development office in Vancouver, BC as part of its growth plans. The company currently employs 50 people and plans to add approximately 20 more over the next year. It is a founding member of the Enterprise Ethereum Alliance, Trusted IoT Alliance, and Mobility Open Blockchain Initiative and is active in the pharmaceuticals and precious metals and minerals industries. Chronicled develops a hardware and software platform for authentication, tracking, and social engagement around collectible and vintage sneakers. The platform incorporates smart tags, an open registry, and a mobile app (available in the Apple App Store and Google Play Store) to document and guarantee product authenticity, ownership, and provenance. The company has authenticated thousands of pairs of collectible sneakers. It plans to launch its authentication service in the NYC area in April 2016 and is exploring partnerships with sneaker brands to include authenticity chips at point of manufacture. Chronicled intends to implement an encrypted BLE tagging solution and expand its data and analytics capabilities. It recently raised $3.425M in seed funding to build up its customer base and support these product and expansion plans. Chronicled is developing a consumer authenticity technology platform intended to ensure 100% authenticity of consumer products using Smart Labels, an open registry and a mobile app. Products are tagged with small wearable sensors that contain encrypted microchips, registered, verified and traded via the mobile app. The company partnered with Identiv on the development of the encrypted microchips included inside the Smart Labels. Chronicled plans to launch its consumer product for limited-edition sneakers in autumn 2015 and begin a limited rollout in selected U.S. cities in fall 2015. It has secured more than 15,000 pairs of sneakers for the initial launch. The company raised $1.4M in convertible note financing to continue building and launching the platform.