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Retailing Startup Leap Completes $50M Series B Round
Leap, a retailing startup that enables e-commerce brands to establish brick-and-mortar stores, completed a $50-million Series B financing. The round was led by BAM Elevate with participation from new and existing investors including Harbor Spring Capital, Northern Trust, Simon, Costanoa Ventures, Hyde Park Venture Partners and Equal Ventures.
The new capital will be used to accelerate growth through investments in the company’s platform and store location network. In 2021, Chicago- and New York-based Leap’s store fleet and total system sales quadrupled and today, more than 30 brands utilize Leap’s platform to power 50 stores across eight markets.
“It’s such an exciting time for retail,” said Amish Tolia, co-founder and co-CEO at Leap. “More than 500 brands have registered with us, and we have barely scratched the surface. This new capital will enable us to make significant investments into our technology for enabling omnichannel and to scale even more rapidly.”
- ◦Financing
