Bold Commerce Named to the 2020 CB Insights Retail Tech 100 -- List of Most Innovative B2B Retail Technology Companies
December 3, 2020
Bold Commerce Recognized for Powering Commerce Anywhere Through Retail Experiences That Unlock Brand Growth
NEW YORK & WINNIPEG, Manitoba
The 2020 Retail Tech 100 cohort highlights technology companies reimagining the retail experience across 13 categories, from e-commerce infrastructure to supply chain automation and cashierless checkout. 21 countries represented this year include India, China, Canada, Singapore, and the United Kingdom, among others.
“The rate of change in retail is accelerating, and the Retail Tech 100 showcases the tech companies that are changing every facet of retail - from store automation to supply chain robotics to personalized merchandise discovery. Spanning 13 distinct technology markets, they address key challenges retailers face today while also helping them adapt and be ready for changing consumer habits," said CB Insights CEO Anand Sanwal. "The honorees also underscore the fact that the best technologies driving retail transformation may come from anywhere as they hail from 21 countries ranging from Canada to Singapore to Brazil to Sweden. As we head into 2021, we are excited to see the impact the Retail Tech 100 will have on customers, retailers, and markets."
“This recognition is a nod to our part in accelerating the shift by retail brands to power commerce anywhere--online, in-store, on social media, blogs, voice commerce and beyond,” said Yvan Boisjoli, Co-Founder and CEO of Bold Commerce. “Consumers expect to be able to shop at the point of interest and Bold delivers the technology that brands need to build high converting, customizable transaction experiences. We are in good company with the others on this list, who are also reimagining what’s possible in retail.”
Through an evidence-based approach, the CB Insights research team selected the Retail Tech 100 from nearly 15,000 applications and nominees, based on several factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Bold Commerce works with omnichannel retailers like Vera Bradley, Harry Rosen and Staples Canada, as well as emerging DTC brands, such as Pharell Williams’ Humanrace, to power almost any checkout experience imaginable. Bold enables brands to own their commerce by going beyond their ecommerce platform capabilities. From customized checkouts and feature-rich subscriptions models to complex pricing and promotions, Bold is delivering high-converting transaction experiences and advancing retailers’ headless capabilities.
Quick facts on the 2020 Retail Tech 100:
- The 2020 Retail Tech 100 startups have raised over $14B in total equity funding across 400+ deals from 700+ unique investors. Over half of these companies have raised funding in 2020 (as of 11/20), amounting to $4.7B in total.
- The list includes 19 unicorns (companies that have reached a valuation of $1B+) focused on a diverse range of retail tech solutions.
- There are 21 early-stage startups (seed/angel and Series A) in this year’s cohort.
- Majority of these companies are based in North America (59%), followed by Asia (21%), Europe (16%), and Latin America (4%). Among countries, the US leads with 55 companies.
About Bold Commerce
Bold Commerce is powering anywhere commerce for brands by delivering high-converting, customizable transaction experiences. The company works with leading omnichannel retailers like Vera Bradley, Harry Rosen and Staples Canada, and emerging DTC brands, such as Pharell Williams’ Humanrace, to reimagine commerce. Its proprietary suite of modular checkout, subscriptions and price rules solutions is compatible with multiple ecommerce platforms and headless architectures. Bold Commerce has been named to Deloitte’s Tech Fast 50, E&Y’s Entrepreneur of the Year, and now, CBInsights’ Retail Tech 100.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.