HomeUSALeap Raises $20M in Funding

Leap Raises $20M in Funding

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leap

Leap, a NYC-based provider of a platform for physical retail, raised $20M in funding.

Backers included Tribeca Venture Partners and DNX Ventures.

The company intends to use the funds to expand its network of stores, enhance its retail operations and enable further investment into its platform technology and data analytics capabilities.

Led by CEO Amish Tolia, Leap is building a network of branded retail stores empowered by data, technology, and scale. Its platform enables brands to deploy stores that work in concert with ecommerce more rapidly at reduced cost and risk.

The company currently operates more than 100 stores in 12 Tier One U.S. markets for leading brands like Grown Brilliance, Ring Concierge, Godiva and Malbon Golf.

Leap also announced the appointment of Karen Katz, former President and Chief Executive Officer of the Neiman Marcus Group, to its board of directors.

Commenting on the news, Amish Tolia said: “This capital infusion will enable us to accelerate our growth and enhance our operations and technology as we continue to onboard premium brands and strengthen our fleet across markets. And we’re thrilled to welcome Karen to our board of directors, whose deep luxury and retail experience will undoubtedly help propel us further towards our vision and support the growth of our platform and our brands.”

FinSMEs

20/01/2025

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