Nimble robotics 50m series sebastian6/29/2023 In January, it launched NuOrder Payments, so vendors can choose to support click-to-purchase and pay later experiences within the wholesale platform. The platform also entered the digital trade show space as well in 2020, partnering with Informa Fashion Markets to power the virtual events it built. Saks Fifth Avenue, Nordstrom and Bloomingdale’s conduct all of their buying and selling through NuOrder exclusively. Over the past 12 months, NuOrder has seen 125 percent growth as businesses need to digitize and streamline their processes, with 30 percent of GMV coming from Europe. Managing partner Mark Dzialga of Brighton Park Capital will also assume a seat on the board and contribute his expertise in helping companies execute against their global ambitions and within payments and marketplace. Natalie Massenet, co-founder and managing partner of Imaginary Ventures and founder of Net-A-Porter, will join as a board member and strategic partner to help guide the expansion efforts. The investment will support NuOrder’s continued growth and expansion within focus areas including the European market and fashion and luxury retail. The platform connects more than 3,000 brands and more than 500,000 retailers and has processed more than $40 billion in gross merchandise value (GMV), the company says. NuOrder delivers a global commerce solution that offers virtual showroom technology, visual assortment and merchandising tools, payments and data integration capabilities enabling brands and buyers to interact, showcase and browse product and manage merchandise orders. Retail Tech: Myntra Debuts Virtual Influencer 'Maya,' SMCP Scales Unified Commerceī2B e-commerce platform NuOrder has raised $45 million in a funding round led by Brighton Park Capital and Imaginary Ventures. European warehouse club wholesale Metro AG ans outdoor apparel and equipment retailer Mountain Warehouse are among the businesses that have recently partnered with Stripe to leverage its services, with companies like secondhand apparel and footwear marketplace Vinted, designer fashion retailer MatchesFashion and Klarna also teaming with the company. Of the 42 countries in which Stripe powers businesses today, 31 are in Europe. Primary investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National Treasury Management Agency (NTMA). It will use the capital to invest in its European operations, and its Dublin headquarters in particular, support surging demand from enterprise heavyweights across Europe, and expand its global payments and treasury network. Payments giant Stripe has raised a $600 million funding round for a valuation of approximately $95 billion, the company confirmed. The weekly Retail Tech Roundup compiles technology news across the supply chain, manufacturing, retail, e-commerce, logistics and fulfillment sectors.
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