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Download The List of the 100 Highest-Valued Unicorns

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Top 15 Retail Technology Unicorns in 2024

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Have you ever wondered which private companies in the Retail Technology industry have the highest valuations?

You’re not alone.

There are lots of unicorn companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 15 Retail Technology unicorn startups, from highest to lowest valuation.

15 Retail Technology Unicorns Companies

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1) Faire

Faire

Faire is a platform that helps local shops discover the best products to stock their stores risk-free.

Details of the startup:

  • Valuation: $12.59B (October 2019)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2017
  • Founders: Daniele Perito, Jeffrey Kolovson, Lauren Cooks Levitan, Marcelo Cortes, Max Rhodes
  • Number of employees: 500-1,000
  • Funding: $1,096.12M
  • Funding rounds: 11
  • Number of investors: 17

You can find their website here.

2) Relex Soltuions

Relex Soltuions

Relex Solutions offer an intergrated retail and supply chain planning system that delivers results for customers worldwide

Details of the startup:

  • Valuation: $5.70B (February 2022)
  • Country: Finland
  • State: Southern Finland
  • City: Helsinki
  • Started in: 2005
  • Founders: Johanna SmÃ¥ros, Michael Falck, Mikko Kärkkäinen
  • Number of employees: 1001-5000
  • Funding: $804.05M
  • Funding rounds: 5
  • Number of investors: 4

You can find their website here.

3) Nuvemshop

Nuvemshop

Nuvemshop provides SMBs in Latin America with the tools to setup, manage, and promote their online business.

Details of the startup:

  • Valuation: $3.10B (August 2021)
  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2011
  • Founders: Alejandro Alfonso, Alejandro Vazquez, Jose Abuchaem, Martin Palombo, Santiago Sosa
  • Number of employees: 500-1,000
  • Funding: $628.30M
  • Funding rounds: 9
  • Number of investors: 29

You can find their website here.

4) Zipline

Zipline

Zipline is the first company to operate drones directly into remote medical supply chains serving regions with no road access.

Details of the startup:

  • Valuation: $2.80B (May 2019)
  • Country: United States
  • State: California
  • City: South San Francisco
  • Started in: 2014
  • Founders: Jeremy Baker, Melissa Wong
  • Number of employees: 50-100
  • Funding: $487.16M
  • Funding rounds: 3
  • Number of investors: 8

You can find their website here.

5) Pattern

Pattern

Pattern is a provider of an accelerator platform for brands to scale faster on major online marketplaces.

Details of the startup:

  • Valuation: $2.25B (October 2021)
  • Country: United States
  • State: Utah
  • City: Lehi
  • Started in: 2013
  • Founders: David Wright, Melanie Alder
  • Number of employees: 500-1,000
  • Funding: $277.00M
  • Funding rounds: 2
  • Number of investors: 5

You can find their website here.

6) GrubMarket

GrubMarket

GrubMarket supplies local fresh food online with affordable prices and convenient delivery.

Details of the startup:

  • Valuation: $2.00B (September 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Mike Xu
  • Number of employees: 10-50
  • Funding: $396.06M
  • Funding rounds: 7
  • Number of investors: 61

You can find their website here.

7) DealShare

DealShare

DealShare is a fast growing social e-commerce startup.

Details of the startup:

  • Valuation: $1.70B (January 2022)
  • Country: India
  • City: Bengaluru
  • Started in: 2018
  • Founders: Rajat Shikhar, Sankar Bora, Sourjyendu Medda, Vineet Rao
  • Number of employees: 1,000-5,000
  • Funding: $391.52M
  • Funding rounds: 11
  • Number of investors: 18

You can find their website here.

8) Mashgin

Mashgin

Mashgin is a software company that creates artificial intelligence and computer vision checkout systems.

Details of the startup:

  • Valuation: $1.50B (May 2022)
  • Country: United States
  • State: California
  • City: Palo Alto
  • Started in: 2014
  • Founders: Abhinai Srivastava, Mukul Dhankhar
  • Number of employees: 51-100
  • Funding: $73.70M
  • Funding rounds: 5
  • Number of investors: 15

You can find their website here.

9) Upside

Upside

Upside is a two-sided marketplace dedicated to bringing value to all points of physical commerce.

Details of the startup:

  • Valuation: $1.50B (April 2022)
  • Country: United States
  • State: District of Columbia
  • City: Washington
  • Started in: 2016
  • Founders: Alex Kinnier, Jan Rubio, Joanna Kochaniak, Rick McPhee, Thomas Vaughan, Wayne Lin
  • Number of employees: 251-500
  • Funding: $165.00M
  • Funding rounds: 6
  • Number of investors: 4

You can find their website here.

10) Il Makiage

Il Makiage

IL MAKIAGE is a New York based, tech-driven prestige beauty brand that is shifting millions of customers to shopping for beauty online.

Details of the startup:

  • Valuation: $1.50B (January 2022)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2018
  • Founders: Ilana Harkavi, Oran Holtzman, Shiran Holtzman Erel
  • Number of employees: 100-250
  • Funding: $29.00M
  • Funding rounds: 1
  • Number of investors: 1

You can find their website here.

11) DeepBlue Technology

DeepBlue Technology

DeepBlue Technology is a leader in image-processing solutions for retail establishments. They create customized solutions that help retailers collect better data and increase their customer base.

Details of the startup:

  • Valuation: $1.35B (April 2018)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2014
  • Founders: Haibo Chen
  • Number of employees: 10-50
  • Funding: $79.28M
  • Funding rounds: 3
  • Number of investors: 4

You can find their website here.

12) Trax

Trax

Trax marketing solution enables retailers to increase sales, manage costs and invent new experiences for their customers at all phases of the purchase journey.

Details of the startup:

  • Valuation: $1.30B (July 2019)
  • Country: Singapore
  • Started in: 2010
  • Founders: Dror Feldheim, Joel Bar-El
  • Number of employees: 1,000-5,000
  • Funding: $1,012.65M
  • Funding rounds: 15
  • Number of investors: 16

You can find their website here.

13) Swiftly

Swiftly

Swiftly provides solutions to retailers by providing the same digital tools that e-commerce titans use to compete and win.

Details of the startup:

  • Valuation: $1.20B (September 2022)
  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2018
  • Founders: Daniel Kim, Henry Kim, Karen Ho, Sean Turner
  • Number of employees: 101-250
  • Funding: $215.60M
  • Funding rounds: 3
  • Number of investors: 15

You can find their website here.

14) Standard

Standard

Standard Cognition provides a checkout tool that allows retailers to increase the efficiency and speed of their transactions.

Details of the startup:

  • Valuation: $1.00B (February 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2017
  • Founders: Brandon Ogle, Daniel Fischetti, David Valdman, John Novak, Jordan Fisher, Michael Suswal, TJ Lutz
  • Number of employees: 100-250
  • Funding: $235.62M
  • Funding rounds: 10
  • Number of investors: 20

You can find their website here.

15) Shift Technology

Shift Technology

Shift is an online marketplace for buying and selling used cars.

Details of the startup:

  • Valuation: $1.00B (May 2021)
  • Country: France
  • City: Paris
  • Started in: 2014
  • Founders: Christian Ohler, George Arison, Joel Washington, Minnie Ingersoll, Morgan Knutson
  • Number of employees: 500-1,000
  • Funding: $319.72M
  • Funding rounds: 10
  • Number of investors: 23

You can find their website here.

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