Pepper, a New York-based eCommerce platform for food distributors, has secured $30 million in Series B funding.
Investors
The round was led by ICONIQ Growth, with continued support from existing partners Index Ventures, Greylock, Imaginary, and Harmony Partners.
ICONIQ Growth partners with visionaries defining the future of their industries to transform the world. Its investment platform and unique ecosystem help amplify its portfolio companies’ success from the early growth stage to IPO and beyond.
Richa Mehta, Principal at ICONIQ Growth, will join Pepper’s board of directors, marking a significant milestone for the company
Pepper Use of Funds
The fresh funds will drive further product innovation in core areas such as the eCommerce experience, CRM tools, generative AI, rich product content, and analytics, supporting Pepper’s expanding ads network.
About Pepper
Founded in 2019 by Bowie Cheung, Chetan Narain, and Ivana Tesanovic, Pepper provides an eCommerce platform that delivers a shopping experience for food service, convenience stores, and other marketplaces, designed to be the growth engine for independent distributors. Pepper offers a suite of AI-powered tools for the distributor sales rep and customers to grow market share.
Funding Details
Company: Pomegranate Technologies, Inc.
Raised: $30.0M
Round: Series B
Funding Month: May 2024
Lead Investors: ICONIQ Growth
Additional Investors: Index Ventures, Greylock, Imaginary, Harmony Partners
Company Website: https://www.usepepper.com/
Software Category: Ecommerce Solutions
Source: https://www.businesswire.com/news/home/20240513485816/en/