What is ShopShops?
Founded in 2016 and headquartered in New York City, ShopShops operates as a global, interactive shopping marketplace. It specializes in connecting brick-and-mortar retailers with consumers via mobile devices, leveraging livestream technology to create an engaging and immediate shopping experience. The company aims to bridge the gap between physical retail and the digital consumer, offering a unique platform for brands to reach a wider audience and for shoppers to discover products interactively.
How much funding has ShopShops raised?
ShopShops has raised a total of $29M across 2 funding rounds:
Series A
$14M
Series B
$15M
Series A (2019): $14M with participation from Founder Collective, GGV Capital, Forerunner Ventures, Third Kind Venture Capital, Union Square Ventures, and XRC Labs
Series B (2021): $15M led by Union Square Ventures, The Chernin Group, Acrew Capital, LightShed Ventures, and Forerunner Ventures
Key Investors in ShopShops
GGV Capital
GGV Capital is a venture capital firm that invests in the technology sector, focusing on both early-stage and growth-stage companies. They are known for their global investment approach, backing companies in areas such as enterprise, consumer, and frontier technology.
Union Square Ventures
Union Square Ventures is a New York City-based venture capital firm that invests in transformative markets influenced by technological and societal changes. The firm targets a variety of sectors, focusing on innovative companies poised for growth.
Forerunner Ventures
Forerunner Ventures partners with founders to build category-defining companies at the intersection of technology and human behavior. They focus on identifying emerging technology trends and consumer demands to invest in innovative startups.
What's next for ShopShops?
With the recent infusion of capital, ShopShops is poised to further enhance its platform capabilities and expand its market reach. The major strategic investment suggests a focus on scaling operations, potentially through technological advancements in its livestreaming and interactive features, or through strategic partnerships. This backing will likely enable ShopShops to solidify its position in the competitive retail tech sector, driving innovation in how consumers discover and purchase goods from physical stores.
See full ShopShops company page
