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.”
Flooid works with some of the world’s leading retailers. If you would like to learn more about Flooid’s capabilities, please Contact us.
Share
28th April 2022
Friction: the number one focus for retailers?
Flooid Blog
27th April 2022
Five key themes from Retail Technology Show’s first day
Flooid Blog
25th April 2022
Optimise your stores with frictionless shopping
Flooid Blog
11th April 2022
Your essential guide to reinventing retail
Flooid Blog
21st March 2022
Accelerate innovation in retail
Flooid Blog
9th March 2022
Flooid enhances South Africa operations with redPanda Software
Flooid Blog
8th March 2022
IWD2022: thoughts from Flooid
Flooid Blog
16th February 2022
Improving efficiency and saving time for One Stop
Flooid Blog