R|T: The Retail Times – Shopify beats forecasts

The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.

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BetaKit

Shopify shows strong second quarter results, improved full year outlook

Shopify noted that it brought in a total revenue of $362.0 million USD, a 48 percent increase from the same time last year.



TechCrunch

Bloomscape raises $7.5M to sell you plants of all sizes

Direct-to-consumer plant retailer Bloomscape has raised $7.5 million in Series A funding, with several high-profile D2C startup founders signing on as investors.


BetaKit

Koho launches new instant cashback program

Toronto-based FinTech startup Koho is introducing an instant cashback program for its customers, in addition to some new rewards that can be earned through purchases with select merchants.


Faasos’ parent Rebel Foods raises $125M from Goldman Sachs, Go-Jek, others

Go-Jek also infused $5 million (Rs 34.7 crore) in Faasos last month through its venture capital arm, Go Ventures.


BetaKit

Clearbanc raises $300 million USD to take entrepreneur funding model global

Just over half a year since raising $159.28 million CAD, Clearbanc has raised an additional $393 million CAD ($300 million USD) to help scale its alternative fundraising model for entrepreneurs.


TechCrunch

Amazon is killing off the Dash button later this month

Amazon stopped selling the Dash button earlier this year; now they’re ending support for them altogether.


Standard Cognition raises $35M for Amazon Go-like tech

The company will use the funding to focus on its customer base in the U.S. and Japan, as well as expanding both domestically and internationally, per the company’s release.


BetaKit

SnapPay, Sleep Country partner to tap into Canada’s Chinese consumer segment

Toronto-based digital payment solutions startup SnapPay has launched a pilot program with Sleep Country, which will allow Chinese consumers to pay with Alipay and WeChat Pay at select Sleep Country stores.


Wish raises Series H at $11.2B valuation after doubling revenue in 2018

Ecommerce startup Wish has reportedly raised $300 million in a confirmed Series H round led by General Atlantic.


BetaKit

Calgary-based Attabotics raises $25 Million Series B for robotic supply chain system

Attabotics, an industrial automation startup that has created a robotic warehousing and fulfillment system, has raised a $25 million Series B round to help towards its goal of changing the supply chain industry.


Brazilian eCommerce startup Shopper raises R$10 million

Brazil’s online supermarket, Shopper, recently raised R$10 million (approximately US$2.6 million) during a July investment round led by Canary.


BetaKit

Fashion rental e-commerce platform Dresst raises $525,000

Dresst, a digital e-commerce company specializing in monthly high-end fashion rentals, has raised a $525,000 seed round, and is reporting a current valuation of $2.65 million.


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.