PredictSpring Inc., a Los Altos, CA-based mobile-first commerce platform for brands and retailers, closed an $11.4M Series A financing round.
The round was led by Felicis Ventures, with participation from existing investors Beanstalk Ventures and Novel TMT Ventures and new investors Benvolio Group, the investment arm of Lew Frankfort, Chairman Emeritus, Coach, and his family. In conjunction with the funding, Aydin Senkut, Managing Director of Felicis Ventures, and Ken Seiff, Managing Partner of Beanstalk Ventures, joined PredictSpring’s Board of Directors.
The company will use the funds to company to open a new global office in Europe, hire engineering and sales people in Silicon Valley and New York City, and expand its mobile solutions for retailers and brands.
Led by Nitin Mangtani, Founder & CEO, PredictSpring offers a mobile-first commerce platform for brands and retailers to create an omni-channel experience via consumer and store associate apps. The solution features 35 distinct modules that power services for consumer and associate apps and in-store digital experiences including the ability to showcase fingerprint checkout, real-time in-store inventory, clientelling, conversational commerce, mPOS, instant search, 3D touch, barcode scanning, geo-fenced notifications, and CRM integration.
Users include Calvin Klein, Cole Haan, Nine West, New York & Company, Claire’s and Vineyard Vines.