Leap Raises $15M in Funding

Leap, a New York-based provider of a retail platform for brands, raised $15M in funding.

The round was led by BAM Elevate and Costanoa Ventures with participation from Equal Ventures, Hyde Park Ventures.

The company intends to use the funds to drive growth with existing and new brands, enhance platform capabilities and accelerate its path to profitability.

Led by CEO Amish Tolia, Leap is building a network of branded retail stores – powered by data, technology, and scale. Its platform enables brands to deploy stores that work in concert with ecommerce at reduced cost and risk and immersive customer experience and operations driven and informed by millions of data points.

The 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. Today, more than 50 brands utilize it to power over 100 stores across 11 markets. Brands such as Frankies Bikinis, M.M.LaFleur, Public Rec and SET continue to expand their store count on the platform, while Brumate, Nisolo. and True Classic recently opened their first stores with Leap.

FinSMEs

21/06/2023