Nearby, a US-based e-commerce platform for small local retailers to compete for online spend, raised $21M in Series A financing.
The round was led by Annie Kadavy from Redpoint Ventures, with participation from existing investors from a seed round raised in 2020, including GV, Obvious Ventures, Cowboy Ventures, Sound Ventures, Moxxie Ventures, and Tina Sharkey. With this funding, Annie Kadavy will join the Nearby board.
The company intends to use the funds for expansion to new cities and the growth of the team.
Led by CEO and founder April Underwood, who is a Slack’s former Chief Product Officer, Nearby is an e-commerce platform that allows small, local retailers to compete for online spend.