Mobile retail platform Tulip raises $40 million in Series B funding
Tulip Retail, the mobile app provider for retail stores and sales associates, announced this week that it has raised $40 million in Series B funding, in a round that was led by Kleiner Perkins and included existing investor Jump Capital.
Partnered with Apple, Tulip provides retail store associates with real-time access to products and clients through a smartphone or tablet. A number of retailers have partnered with Tulip, including Saks Fifth Avenue, Coach, Kate Spade, Bonobos and Frye among others.
Tulip plans to put the new investment towards international growth and innovation beyond the 25 countries that the company currently services. The company plans to expand globally in Europe, South America and Asia where Tulip is in increasing demand.
In addition to the investment, Tulip added Kleiner Perkins General Partner Mood Rowghani to its Board of Directors.
"Tulip is now the leader in mobile solutions for retail store workers and this investment will only strengthen that position," said Ali Asaria, CEO of Tulip.
"We selected Kleiner Perkins because their vision for the future is as ambitious as our own. As investors in technology pioneers like Amazon, Google, Slack, and Stripe, Kleiner Perkins has a track record of working with founders to think bigger and longer term when it comes to strategy and market opportunities. We will use this funding to continue to invest in innovation and resources focused on making our customers even more successful."
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