LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

NXTP Labs Leads US$1.5m Investment in RetailApp

October 23, 2018
RetailApp Team

NXTP Labs led a US$1.5m investment in RetailApp, a Miami-based retail analytics platform, with participation from Indicator Capital, Alpha4 Ventures and others. 

(Press Release) RetailApp has announced the closing of its $1.5 million Series A financing led by NXTP Labs. The funding round also featured Alpha4 Ventures and Indicator Capital, among other investors.

RetailApp’s innovative platform helps improve the performance of retail businesses by making key data available to every member of the retail organization, from the CEO to the sales teams at the store level.

With simple, actionable data, metrics, and performance charts, retail staff can make more informed, real-time decisions about sales actions, inventory, and operations.

With this capital injection, RetailApp will expand its sales and customer care teams, as well as strengthen its software platform and marketing capabilities. The investment will also enable the expansion of operations into new markets such as Mexico, one of the countries with the greatest potential in Latin America.

In Brazil, the company has an alliance with TOTVS, a leading technology company, as its exclusive Partner for the Brazil market, allowing RetailApp to offer solutions to tens of thousands of Brazilian retail customers. RetailApp’s portfolio of clients includes global companies such as Under Armour, Lacoste, Boticario, Natura, Osklen, and other Fortune 500 brands.

The company was founded by Carlos Lerena and Gonzalo Almada, entrepreneurs of Argentine and Uruguayan origin, respectively, both with extensive experience in major multinational companies in the retail and technology sectors.

“We are very excited to support the RetailApp team. We envision exponential growth with TOTVS in Brazil and other strategic partners in the region. We believe RetailApp has the potential to transform the way retailers make decisions, communicate internally, and incentivize their vendors” said Ariel Arrieta, co-founder and Managing Partner of NXTP Labs.

“The retail sector is eager to incorporate new technologies that streamline operations and we see enormous potential to fulfill that desire with RetailApp. Our customers love the intuitive navigation of the tool, and the availability of key business information in real time makes RetailApp indispensable for our customers’ operations,” said Gonzalo Almada, CEO of RetailApp.

RetailApp has a strong social commitment, and has developed a free training program for all sales teams who need to integrate the new knowledge of modern retail and technology applied to the business. RetailApp helps create a culture based on data and metrics to professionalize their tasks.

NXTP Labs Leads US$1.5m Investment in RetailApp was last modified: October 25th, 2018 by Editor
Business Intelligence SoftwareNXTP LabsRetail AnalyticsRetailAppVenture Capital
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • Check out this week's top #startup deals and news on emerging tech in #LatAm from LAVCA's #LatAmVentureBulletin:… https://t.co/NOvUvkCflB

    27-Jan-2023

    Reply Retweet Favorite
  • #VC investment in #LatAm in 2022 reached USD7.5b, according to preliminary LAVCA data. Stay tuned for LAVCA’s yea… https://t.co/kAqAuL8Iq5

    23-Jan-2023

    Reply Retweet Favorite
  • January 20 is the last chance to register for "ESG in Venture and Tech Investing," the latest training in the LAVCA… https://t.co/UrbfcPgM7l

    19-Jan-2023

    Reply Retweet Favorite
  • Submissions for the 2023 LAVCA ESG Deal Awards are closing on January 20, 2023. LAVCA's ninth annual showcase will… https://t.co/AIu4FVKxT6

    11-Jan-2023

    Reply Retweet Favorite
  • Thank you for your continued support and commitment to grow private capital investment in Latin America. We look fo… https://t.co/AHA1txwyJZ

    30-Dec-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top