image credit: Unsplash

Retail tech funding drops 11%: report

May 12, 2022


With the exception of store management technology, overall retail tech investment activity cooled during the first quarter.

This is even among unicorn companies whose valuations reach or surpass $1 billion. For a time, retail unicorns appeared to be having a moment. Away, Casper, Glossier and Rent the Runway all earned the title in 2019. And last year, 17 retailers filed for IPOs, coming off of a two-decade high across industries.

Read More on Retail Dive