Tag: retail
Los Angeles gets a new consumer fund as founders of Sprinkles seek $25 million for CN2 Ventures
Charles and Candace Nelson traded their investment banking careers in Silicon Valley for the sweet sweet life as captains of the cupcake and confectionery chain, Sprinkles. Now they’re putting both their consumer and brand development skills and former investment banking chops to work at CN2 Ventures, a new firm they’re…
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Amazon opens its first cashierless grocery store
Amazon today is opening its first grocery store to pilot the use of the retailer’s cashierless “Just Walk Out” technology that has previously powered 25 Amazon Go convenience stores in a handful of major U.S. metros. Based in Amazon’s hometown of Seattle, the new Amazon Go Grocery store allows customers…
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Target breaks into the top 10 list of US e-commerce retailers
Target’s investments in store remodels, same-day delivery and drive-up services are paying off. The retailer, which used to rank No. 11 in U.S. e-commerce sales, has now jumped three spots to break into the top 10 list as the No. 8 retailer, according to a new report from analyst firm…
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Sokowatch raises $14M to digitize Africa’s informal B2B supply-chain
Kenya based B2B e-commerce startup Sokowatch has raised $14 million in Series A funding toward its mission of revamping supply-chain markets for Africa’s informal retailers. From Nairobi, the company has created a platform that connects merchants directly to local and multinational suppliers — such as Unilever and Proctor and Gamble…
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These specialized Africa VC funds are welcoming co-investors
For global venture capitalists still on the fence about entering Africa, a first move could be co-investing with a proven fund that’s already working in the region. Africa’s startup scene is performance-light — one major IPO and a handful of exits — but there could be greater returns for investors…
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Los Angeles-based ‘deep tech’ investment firm Riot Ventures is raising a $75M fund
Riot Ventures, the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch. The firm has largely flown under the radar, but it…
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