What is PredictSpring?
Founded in 2013, PredictSpring offers a comprehensive commerce platform designed to bridge the gap between online and in-store customer experiences. Their technology powers Modern POS, digital commerce with consumer mobile apps, and store associate applications such as Clienteling and Endless Aisle. By enabling personalized interactions and efficient transactions, PredictSpring's no-coding Content Management System (CMS) allows merchandisers to create bespoke, on-brand experiences, complete with personalized promotions and loyalty programs. The platform serves both B2B and B2C markets, providing enterprise resource planning software solutions tailored for the retail industry across North America.
How much funding has PredictSpring raised?
PredictSpring has raised a total of $29.4M across 3 funding rounds:
Private Equity
$2M
Series A
$11.4M
Series B
$16M
Private Equity (2015): $2M with participation from Beanstalk Ventures
Series A (2016): $11.4M led by Beanstalk Ventures and Felicis Ventures
Series B (2022): $16M supported by Novel TMT Ventures, Felicis Ventures, and Salesforce
Key Investors in PredictSpring
Beanstalk Ventures
Beanstalk Ventures is an investment firm that has participated in PredictSpring's funding rounds, indicating a strategic interest in the company's commerce platform.
Felicis Ventures
Felicis Ventures is a Menlo Park-based venture capital firm that invests in early and growth-stage technology companies, with a focus on SaaS, AI, fintech, and consumer sectors. They typically lead seed and Series A rounds.
Salesforce
Salesforce is a global leader in customer relationship management (CRM) software, providing a suite of cloud-based solutions for sales, service, marketing, and commerce. Their investment suggests a strategic alignment with PredictSpring's retail technology offerings.
What's next for PredictSpring?
The recent major strategic investment signals a pivotal phase for PredictSpring, likely aimed at accelerating product development, expanding market reach, and enhancing its technological capabilities. This infusion of capital is expected to bolster its position in the competitive retail tech landscape, enabling further innovation in areas such as AI-driven personalization and seamless omnichannel integration. The company's focus on connecting online and offline journeys positions it well to capitalize on evolving consumer expectations for unified shopping experiences.
See full PredictSpring company page
