The Kitchener, Ont.-based retail-mobile-solutions company said Arrowroot Capital, a California-based global growth-equity firm, led the raise. (The Logic)
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The Kitchener, Ont.-based retail-mobile-solutions company said Arrowroot Capital, a California-based global growth-equity firm, led the raise. (The Logic)
Talking point: BDC Capital and existing investors joined the round. Tulip has raised US$51.2 million to date, according to PitchBook. BDC Capital previously provided growth-capital financing to the company, and said this round included funds from its bridge-financing program. Tulip—which has retail clients like Kate Spade and Saks Fifth Avenue, and experienced significant growth during the pandemic—said it would use the funds to expand its sales and marketing team, as well as for global expansion. The company is also preparing for what it called its largest product announcement, which will take place in the third quarter of this year.
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