NearSt secures two million pounds in seed funding led by Grosvenor Group to accelerate international expansion.
The investment round was led by Grosvenor Group and will support new hires and international growth.
NearSt is a British retail technology business that connects physical shop inventories directly to online search results. Its software enables bricks and mortar stores to showcase live in-store stock to nearby shoppers.
London-based retail technology company NearSt has secured two million pounds in seed funding to support its international expansion and domestic growth. The investment round was led by Grosvenor Group, with participation from True Global, YYX Capital, and Moscar Capital. The capital will be deployed to accelerate retail adoption across the United Kingdom through new hires and to launch operations globally.
From the founder
"NearSt’s funding comes at a time of seismic shifts in how we shop and what it means to be a retailer."
Nick Brackenbury
Co-founder at NearSt
Investor perspective
"Digital technologies and the changing customer expectations will radically change the property industry over the next decade."
Ian Mair
Managing Director of Digital Innovation, Grosvenor Group
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Categories
About the company
NearSt
Retail technology platform connecting physical shop inventories to online search results.