EDITED Receives $15M Funding from Delta-v Capital to Accelerate Growth
March 28 2023 - 4:46AM
Business Wire
EDITED today announced an investment of $15 million from Delta-v
Capital. EDITED is the provider of the world’s leading AI-driven
merchandising experience platform, helping retailers improve
predictability in their business by intelligently connecting data,
driving insights and automating actions. With EDITED, retailers can
infuse data into every strategic decision in the product life
cycle.
The growth funding round was led by Delta-v Capital, with
support from original investor Wavecrest Growth Partners, alongside
investor groups Beringea LLC and Hermes GPE.
“In speaking with EDITED’s customers, we heard again and again
that they couldn’t imagine doing their jobs without EDITED. That
type of advocacy is a clear indication of a company that has found
a product-market fit. We are excited to partner with Doug and the
leadership team as they capitalise on their market leadership
position by further investing in growth,” said Colin Barclay,
Partner at Delta-v.
The funding comes on the heels of significant momentum for
EDITED. Last year, EDITED saw strong, capital-efficient growth
despite difficult market conditions. The company will use the
investment toward accelerating product development, investing in
partnerships, and opportunistic M&A that will expand EDITED’s
value proposition to customers.
“Retailers need to be able to make faster, more surgical
decisions, with higher levels of predictability and confidence.
With this additional funding, we can continue investing in our
platform and allow merchandisers to positively impact their
customer experience with powerful insights, fuelled by machine
learning,” said CEO Doug Kofoid.
About Delta-v Capital
Delta-v Capital partners with visionary leaders of technology
companies to accelerate their next phase of growth. Founded in
2009, Delta-v has been providing flexible growth capital solutions
to innovative companies in infrastructure software, cloud services,
CxO software, and vertical software for more than a decade. Delta-v
currently manages over $1.4B in assets and maintains offices in
Denver, CO and Dallas, TX.
About EDITED
EDITED is the global leader in Retail Intelligence. We help
retailers increase margins, generate more sales and drive better
outcomes through AI-driven Market and Enterprise Intelligence to
fuel Automation. By connecting business analytics and external
market data, brands like Columbia and Inditex use the EDITED Retail
Intelligence products to make better data-backed decisions,
expediting insights into action. For more information, visit
www.edited.com.
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