RetailNext Announces Strategic Investment from Battery Ventures
Deal News | Jan 06, 2025 | Battery Ventures
RetailNext, a leader in smart store analytics, has announced a strategic majority growth investment from Battery Ventures, a global technology-focused investment firm. The investment aims to support RetailNext's expansion by enhancing their international teams, accelerating product innovation, and capitalizing on acquisitions. In 2024, RetailNext scaled rapidly to 100 countries, installing its analytics solutions in 1,200 physical retail shops per month. The company, recognized as one of Fast Company's Most Innovative Companies, has expanded its customer base to 560 retail brands, offering solutions like theft prevention and predictive traffic forecasting. With a platform that leverages proprietary sensors and real-time data, RetailNext provides actionable insights to retailers such as Macy's, Estee Lauder, and Ulta, optimizing store performance and streamlining operations. Battery Ventures sees this as a unique opportunity to build on RetailNext's success and help drive their next growth phase. Battery Ventures executives will join RetailNext's board, integrated with the firm's omnichannel strategies. Houlihan Lokey served as advisors for the transaction.
Sectors
- Retail Technology
- Private Equity
Geography
- United States – Both RetailNext's headquarters and Battery Ventures are based in the United States, and the investment deal is relevant to the US market.
- Global – RetailNext's operations span over 100 countries, indicating a global reach and influence in retail analytics solutions.
Industry
- Retail Technology – RetailNext operates within the retail technology sector by providing analytics solutions aimed at optimizing in-store experiences, enhancing customer understanding, and driving performance improvements.
- Private Equity – Battery Ventures' involvement signifies the role of private equity in fostering expansion and strategic development in technologically-driven companies like RetailNext.
Financials
- Not specified – The article does not disclose the specific financial details of the majority growth investment from Battery Ventures to RetailNext.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RetailNext | Target | Company | A pioneer in retail analytics, providing data-driven insights to enhance in-store performance for over 560 brands globally. |
| Battery Ventures | Investor | Company | A global technology-focused investment firm providing strategic growth investment to RetailNext. |
| Houlihan Lokey | Advisors | Company | Financial advisor providing advisory services to RetailNext in this transaction. |
| Alexei Agratchev | CEO | Person | Co-founder and CEO of RetailNext, leading the company through strategic expansions. |
| Russ Fleischer | General Partner | Person | General Partner at Battery Ventures, instrumental in the investment decision and partnership with RetailNext. |