Pointy raises $12M Sequence B to assist bricks and mortar retailers battle Amazon – TechCrunch


Pointy​,​ the​ ​startup​ ​that​ presents tech to assist ​bricks and mortar​ ​retailers put their inventory on-line in order that it may be found through engines like google, has picked up $12 million in new funding. The Sequence B spherical is led Polaris Companions and Vulcan Capital, and brings whole funding for the Irish firm to $19 million.

Based on the premise that folks typically resort to e-commerce behemoths like Amazon as a result of they’ll’t discover the identical merchandise regionally, Pointy has developed a {hardware} and cloud software program resolution that makes it simple to create a bespoke web site as means of creating native inventory discoverable on-line. Particularly, the ​”Pointy​ ​field”​ {hardware} ​gadget connects to a retailer’s barcode scanner and routinely places scanned gadgets on a Pointy-powered web site for the shop.

Retailer pages are then optimised for engines like google, in order that while you seek for merchandise regionally — say your favorite artisan beer — a Pointy-powered outcome reveals up and encourages you to go to the shop and make a purchase order. In different phrases, that is about serving to native retailers drive extra footfall, however with little or no further overhead.

Pointy CEO and co-founder Mark Cummins says the Sequence B spherical might be utilized by the startup to speed up development and construct on an elevated uptake by U.S. retailers. It at the moment counts 5,500 retailers utilizing Pointy in whole, with 70 % from the U.S, and the remaining in Canada, U.Okay. and Eire. “To put the U.S. number in context, just under 1 in 200 U.S retailers is now using Pointy,” an organization spokesperson tells me.

Since we final coated Pointy, the began has prolonged its attain significantly with partnerships with Lightspeed, Clover and Sq., which permits retailers utilizing these POS techniques to make use of the Pointy platform at no cost as a result of it doesn’t require the acquisition of the $499 Pointy gadget. It has additionally partnered with Google through the search big’s new See What’s In Retailer (SWIS) program in order that consumers can uncover what a retailer sells inside Google’s search and maps pages.

“For all the hype around e-commerce and the media narrative of ‘Retail Apocalypse’, people still make the vast majority of their purchases in local stores,” provides Cummins in a press release. “But local retailers have lost out in not having their products visible online – we solve that problem for them”.

In the meantime, Level’s earlier backers embrace Draper Associates, Frontline Ventures, and notable angel buyers reminiscent of Matt Mullenweg (founding father of WordPress), Lars Rasmussen (co-founder of Google Maps), Taavet Hinrikus (co-founder of TransferWise), and Michael Birch (co-founder of Bebo).



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