Flooid has recently completed its latest funding led by its existing investor base, bringing the total funds invested to over £100m. The fundraising process was completed in a matter of weeks demonstrating strong support for the business despite the ongoing economic crisis.
The funding will be used to support Flooid’s ongoing product R&D roadmap in key focus areas like mobility, cloud and data analytics. The business has invested heavily in product R&D in the last three years creating the world’s most comprehensive basket platform that allows retailers to sell anytime, anywhere on virtually any format.
Our strong financial position and this recent refinancing are a tribute to our employees, customers and partners who have proven that Flooid is a leading provider in the commerce platform space. In contrast to other solutions, Flooid can flexibly support multiple verticals and channels from a single-solution reducing the total cost of ownership and providing the long-term innovation capability retailers are looking for.
“We are very pleased with the new capital structure which is a strategic move for Flooid,” said Chris Mutter, Chief Financial Officer for Flooid. “The refinancing provides us with increased flexibility to address growth opportunities to further strengthen our global footprint.”