The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 6/19/21 featuring funding details for Eltropy, Curate, Coinme, BookClub, and thirty other rounds that you need to know about.
Despite the majority of web traffic coming from mobile devices, the cart abandonment rate on mobile devices is significantly higher than that of desktop; an astonishing 85.6% is the average mobile e-commerce cart abandonment rate. One of the most common causes cited by mobile shoppers is a frustrating checkout experience that’s cumbersome on mobile. Nate is a mobile checkout app that allows consumers to complete their purchase of items from any website with a few clicks. All you have to do is share any item on the Nate app and click buy to complete purchases in seconds. On the back end, Nate’s AI-powered technology completes the purchase process, leading to increased customer satisfaction as well as increased conversion for retailers. The company charges $1 per transaction and that includes the issuance of a virtual card used in the transaction, which ensures that the shopper’s data is protected. Nate also recently introduced its own buy it now, pay later option along with some other ancillary features like gifting, sharing, and social wish lists. AlleyWatch caught up with CEO and Founder Albert Sangier to learn more about how Nate powers mobile commerce, the company’s strategic plans, and latest round of funding led by Renegade Partners with participation from Forerunner Ventures, Canaan Partners, and Coatue.
Over $185M injected into the New York tech startups! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/17/2021 featuring funding details for Curated, Claroty, and much more.
While the media may saturate the startup world talking about which startups raised the most venture capital over the weekend, the vast majority of successful startup founders are busy building their businesses, not trying to raise capital. We call these entrepreneurs “Bootstrappers.” According to Wikipedia, Bootstrapping refers to a self-sustaining process that proceeds without external help. In […]