Retail app maker Tulip raises $40 mln from Kleiner Perkins, others: Reuters
Tulip Retail, which makes an app for retailers, said this week it raised US$40 million ($50 million) in a funding round led by Kleiner Perkins Caufield & Byers. The Series B, which included existing investors such as Jump Capital, gives Kleiner Perkins' general partner, Mood Rowghani, a seat on the startup's board. Founded in 2013, Toronto-based Tulip has developed an app that helps retailers tailor in-store experiences by giving store employees faster access to real-time inventory and price comparison data among other things. Tulip said it was seeing rising demand in Europe, South America and Asia, and planned to open offices in these markets. "The main thing that we've been delaying at Tulip that now we can accelerate is our international growth," Tulip CEO Ali Asaria told Reuters.
