Crisp, a Bentonville, AR-based provider of an open retail data platform for the consumer packaged goods (CPG) industry, has raised $72 million in Series B equity funding.
Investors
The round includes $17 million from new strategic investors such as Wellington Management, Toshiba, DNX, Cox, and Prologis. This brings Crisp's total equity raised to $97 million.
Crisp Use of Funds
The funding will enhance Crisp's Collaborative Commerce platform, grow data partnerships, and make strategic hires to further expand into the CPG and retail sectors.
About Crisp
Crisp provides a Collaborative Commerce platform that leverages the power of the cloud to connect and normalize data from 40+ retail sources, providing real-time insights and trends to help brands, retailers, and distributors reduce waste and boost profitability. Crisp integrates with various systems, uses AI and predictive analytics, and offers insights that improve transparency and coordination throughout the supply chain. Over the past year, Crisp has expanded its customer base from 600 to over 6,000, including more than 80 of the top 100 CPG brands. With its growing network, Crisp now spans over 627 million points of distribution.
Funding Details
Company: Crisp, Inc.
Raised: $72.0M
Round: Series B
Funding Date: September 2024
Investors: Wellington Management, Toshiba, DNX, Cox, Prologis
Company Website: https://www.gocrisp.com/
Software Category: Collaborative Commerce
Source: https://www.businesswire.com/news/home/20240925872010/en/