What is 123Stores?
123Stores, Inc. operates as a multi-channel retailer, distinguished by its robust technology backbone. The company adeptly combines sophisticated supply chain logistics with real-time customer data analytics to cultivate a distinct competitive advantage in the retail landscape. Headquartered in New York, New York, 123Stores focuses on enhancing the shopping experience through data-driven insights and efficient operations.
How much funding has 123Stores raised?
123Stores has raised a total of $8M across 1 funding round:
Private Equity
$8M
Private Equity (2016): $8M with participation from UPS Capital
Key Investors in 123Stores
UPS Capital
UPS Capital, established in 1989 as a financial division of UPS, offers a spectrum of traditional and non-traditional financial services and insurance products, indicating a strategic interest in logistics and supply chain-related ventures.
What's next for 123Stores?
The recent major strategic investment signals a pivotal growth phase for 123Stores. This capital infusion is likely to fuel further technological advancements, supply chain optimizations, and market expansion initiatives. As an enterprise-level funding round, it suggests a focus on scaling operations and solidifying its market leadership, potentially through enhanced e-commerce capabilities and broader distribution networks.
See full 123Stores company page
