R|T: The Retail Times – Michael Rubin’s Fanatics has $700 million for more acquisitions
Plus: GoBolt, Elastic Path, CommerceBear secure new funding.
Retail
Frate secures $2 million CAD to make e-commerce returns sustainable, cost-effective
“We turn customers’ houses into warehouses, and also fulfillment centers.”
Commerce startup Elastic Path secures additional $30 million from existing investors
The Vancouver company claims leadership in the composable commerce movement.
R|T: The Retail Times – Inside Shopify’s historic Black Friday-Cyber Monday
Plus: DoorDash cuts 1250 jobs.
CommerceBear raises $10.5 million USD to modernize outdated furniture e-commerce market
CommerceBear wants to create easy access to channels like Wayfair.
Goloot announces $4 million to improve online advertising for D2C merchants
Backed by former Paysafe leaders, Goloot has amassed a list of customers that includes Lancôme, Keurig, and SSENSE.
GoBolt closes $75 million Series C round to double down on EVs, North American expansion
GoBolt spent the last year building a fleet of EVs from suppliers like Ford, Lion Six.
Former head of marketing at Klaviyo and Dropbox joins Lightspeed as chief marketing officer
Kady Srinivasan tasked with helping drive Lightspeed’s strategic growth and innovation.
Shopify, Benevity set records for Black Friday-Cyber Monday and Giving Tuesday
Shopify merchants rack up $7.5 billion in sales over the weekend.
R|T: The Retail Times – GoodGood shuts down down as funding tightens
Plus: Amazon India’s food delivery shuts down.
Canadian tech talks down rounds, disasters, and “recipes for failure”
Featuring interviews with luminaries from OMERS Ventures, Shopify, Coveo, Clio, Unbounce, and L-SPARK.
R|T: The Retail Times – SkipTheDishes’ new CEO steps up to the plate
Plus: Amazon layoffs hit Canadian teams.
One year after raising $6.5 million, GoodGood shuts down claiming it can’t find more money
Company says downturn has had “dramatic impact” on its rapid local commerce delivery business.
Bold Commerce swaps CEOs, bringing on PayPal, Intuit alum Peter Karpas
Karpas took the reins from Bold co-founder Yvan Boisjoli last month.
R|T: The Retail Times – Inside Hopper’s key strategic relationship and $5 billion valuation
Plus: Where and why Shopify is outsourcing customer support.