RetailNext Partners with Colbeck Capital on $42 million Growth Facility to Fund Investment in Store Data Infrastructure
RetailNext Inc., the worldwide expert and market leader in smart store retail analytics for optimizing shopper experiences, announced a $42 million growth capital financing with Colbeck Capital Management. This investment positions the company for continued acceleration in its implementation of retail data infrastructure following a record Q1 in 2021.
Their strong performance in Q1 has made us even more confident that the company will continue to grow and to innovate.”— Jason Colodne, Co-Founder of Colbeck Capital
“There is no question that the pandemic accelerated the need for retailers to have more precise and reliable data on the real-time condition of their stores. We have seen this need for data accelerating through last year and particularly now that many restrictions are lifting, and our customers are looking to the future. 2020 was obviously a tough year for brick-and-mortar retail, but we are encouraged by the strong rebound underway. We are poised for strong growth this year following an outstanding Q1. We are grateful to have Colbeck on board as partners and thrilled that they see the potential in our growth,” said Alexei Agratchev, CEO and Co-founder of RetailNext.
“We are always looking for investment opportunities where we are able to make an impact. We saw a gap in the market during COVID and RetailNext clearly established themselves as a leader in retail analytics,” said Jason Colodne, Co-Founder of Colbeck Capital. “Their strong performance in Q1 has made us even more confident that the company will continue to grow and to innovate.”
Read More: SalesTechStar Interview with Dana Bjornson, Chief Financial Officer, Mylo
