What is ShopShops?
Founded in 2016, ShopShops operates at the intersection of mobile technology and traditional retail. The platform functions as a global livestreaming marketplace, enabling physical retailers to showcase products in real-time to a distributed audience. By facilitating direct interaction between store associates and mobile shoppers, the company effectively digitizes the in-store experience, providing a high-engagement alternative to static e-commerce models. This unique value proposition has allowed ShopShops to carve out a distinct niche in the retail technology sector, appealing to consumers who prioritize authenticity and real-time discovery in their purchasing journey.
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 Third Kind Venture Capital, XRC Labs, Forerunner Ventures, GGV Capital, Union Square Ventures, and Founder Collective
Series B (2021): $15M led by Acrew Capital Management, Forerunner Ventures, LightShed Ventures, Union Square Ventures, and The Chernin Group
Key Investors in ShopShops
Acrew Capital Management
Acrew Capital is a venture capital firm focused on redefining the future of venture through long-term partnerships and deep conviction in investment decisions, supporting companies from early-stage to growth-stage.
Forerunner Ventures
Forerunner Ventures partners with founders to build category-defining companies at the intersection of technology and human behavior, focusing on emerging consumer trends.
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, targeting innovative companies poised for growth.
What's next for ShopShops?
Looking ahead, the strategic deployment of the $15M capital will likely focus on scaling the platform's infrastructure to support higher concurrent user volumes and expanding its network of retail partners. As the company matures, the focus will shift toward optimizing the conversion funnel and enhancing the interactive features that define its market position. With the backing of prominent venture capital firms, ShopShops is poised to navigate the complexities of the global retail market, potentially exploring new geographic territories and diversifying its service offerings to maintain its competitive edge in the evolving digital commerce ecosystem.
See full ShopShops company page
