Portfolio
2
companies
Cloud Retail
Cloud Retail provides an all-in-one e-commerce and retail management platform.
Jiffy
Jiffy provides ultra-fast grocery delivery through a network of local dark stores and employed riders.
The London-based software platform secured £2.4m from backers including Somersault Ventures and AltaIR Capital to develop its retail management ecosystem.
"Founders who dare to visualize their product’s global expansion and set realistic milestones ahead are a gem for investors. It was a dealmaker in the case of Cloud Retail."
The seed round was led by LVL1 Group to fund the initial launch of stores in London.
"Online express grocery delivery is a relatively new concept. It is gaining traction around the world and disrupting traditional neighbourhood convenience store shopping. Executing hyperlocal delivery requires a combination of online ecommerce and sophisticated offline retail and logistics expertise. Jiffy’s founders are experienced entrepreneurs with a proven track record in these areas, and we are confident in their ability to execute."