Leap – a retail platform for modern brands – recently announced a $15 million infusion of capital. This fundraising was co-led by existing investors BAM Elevate and Costanoa Ventures with participation from Equal Ventures, Hyde Park Ventures, and additional investors. And this funding round will enable the company to drive growth with existing and new brands, enhance platform capabilities and accelerate the company’s path to profitability.
The Leap platform – which launches and operates insight-driven retail stores — has more than doubled its network size and revenue since the platform’s Series B financing in January 2022. And more than 50 brands utilize the Leap Platform to power over 100 stores across 11 markets.
Brands like Frankies Bikinis, M.M.LaFleur, Public Rec, and SET continue to expand their store count on the Leap platform, while Brumate, Nisolo. and True Classic recently opened their first stores with Leap. And Leap will continue to focus its investments on building location density in active markets, resulting in impactful scale and efficiencies for brands that leverage the platform.
KEY QUOTES:
“Now more than ever, brands want immersive retail stores to connect with high-value customers directly. As Leap grows, our first-party data and operational efficiencies compound, resulting in advantages for both brands and landlords that the traditional in-house retail model simply can’t offer.”
— Amish Tolia, co-founder and CEO at Leap
“The Leap platform makes sense for us at this stage in our growth. We continue to scale our eCommerce business and turned to Leap to launch and operate our retail fleet. Now, our Leap-powered stores help us acquire thousands of high-value customers each month.”
— Zach Goldstein, Founder and CEO of Public Rec
