And for mobile-first companies like Snapcommerce, this is good news.
Snapcommerce
, formerly known as SnapTravel, has raised $85 million in what the company is describing as a “Pre-IPO” growth round to help further its mission of “changing the way people shop on their phones.”
The Toronto, Ontario-based startup has built out an AI-driven, vertical-agnostic platform that uses messaging in an effort to personalize the mobile shopping experience and “deliver the best promotional prices.” While it was initially focused on the travel industry, the company is now branching out into other consumer verticals hence its name change.
Inovia Capital and Lion Capital co-led the new growth round, which included participation from Acrew DCF, Thayer Ventures and Full In Partners, as well as existing backers Telstra Ventures and Bee Partners. The financing brings Snapcommerce’s total raised since its 2016 inception to over $100 million. Its last raise a $7.2 million round from T
How a Toronto travel startup grew during the pandemic - and raised US$85-million
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Snapcommerce secures $107 million to build a mobile commerce leader
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German Privacy Startup Usercentrics Announces €17 Million Series B Financing to Help Marketers address Global Data Privacy Challenges RealWire
2020-12-17
Munich, December 17, 2020 - Usercentrics, the Munich-based leader in consent management solutions, secured €17 million ($20.6 million) in a Series B financing round led by premier technology growth equity US-investor Full In Partners. Existing investors Alstin Capital, Reimann Investors, and Cavalry Ventures also decided to participate in the round.
Usercentrics’ software solution enables companies and website operators to obtain, manage and document the valid consent of their visitors for the event of an audit. This is crucial, as the EU-wide General Data Protection Regulation (GDPR) states that user consent is the most common legal basis for the use of web technologies for marketing and advertising purposes.