It’s no secret that the retail industry has undergone one of the most drastic transformations throughout the pandemic. Companies within the field have seen ups and downs, but one branch of the retail space has seemingly only realized upside: eCommerce. But by how much did companies like Amazon, Wayfair, and Carvana really affect consumer spending?
While many mourned the loss of traditional brick & mortar outlets, the silver lining (especially as social distancing becomes the new normal) is the opportunity to shop for the same items in a more modern fashion. eCommerce delivers this new platform to consumers around the country, and has realized unprecedented success as “consumers have reduced spend at restaurants, bars, travel, concerts, etc.”
In their 4th annual eCommerce study, analysts at Cowen found that the sector “outsized growth of “+48% y/y in ’20,” and subsequently raised their total US eCommerce growth estimate by “~28-31% annually ’20-24
Paul Palmieri, the former founder of mobile adtech company Millennial Media and VC firm Grit Capital, just raised $3.3 million in seed round funding for his latest venture, Tradeswell.
Tradeswell is an e-commerce trading platform that says it integrates all of a brand’s e-commerce channels, and consolidates marketing, retail, inventory, logistics, forecasting, lifetime value, and financials across these channels in one platform.
The company says it can help traditional and DTC brands save millions of dollars in outsourced contracts and tap into the booming e-commerce market.
Visit Business Insider’s homepage for more stories.
After adtech and venture capital, media vet Paul Palmieri is taking on e-commerce.
The former founder of mobile ad tech company Millennial Media and VC firm Grit Capital just raised $3.3 million in seed round funding for his latest venture, Tradeswell, from Signalfire and Construct Capital— a real-time e-commerce trading platform that he calls “the Bloomberg terminal
RESTON, Va., Oct. 7, 2020 /PRNewswire/ — ORock® Technologies, Inc., a hybrid cloud service provider, announced today the availability of five solutions available on CyberXchange, the innovative new ecommerce marketplace dedicated to cybersecurity and compliance. For the first time, CIOs, CISOs and IT professionals can find and buy ORock’s solutions mapped to the major cybersecurity frameworks such as SOC 2, PCI, CMMC, and NIST bringing unprecedented visibility and efficiencies in addressing cybersecurity requirements.
Built on CyberXchange’s proprietary mapping engine and AI platform called Harmony, ORock’s solutions are available now at: cyberxchange.apptega.com/company/orock-technologies.
According to a recent study by PwC, 91% of all enterprises are following at least one cybersecurity framework, which mandates hundreds of requirements to quickly satisfy by sorting through a flood of 5,000+ disjointed security products and services currently on the market. Until CyberXchange, there was no easy way to find a product or service mapped to
New search data reveals the most in-demand services small businesses are looking for in a post-COVID world
Fiverr International Ltd. (NYSE: FVRR), the company that is changing how the world works together, today released its second semi-annual Small Business Needs Index. This index highlights the variety of different services that small businesses feel will help them succeed in a more online first world. The global list, backed by Fiverr search data, reveals many businesses are searching for tools and services that will help them digitally transform.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005126/en/
Fiverr released its second Small Business Needs Index, revealing in-demand services small businesses are searching for. (Graphic: Business Wire)
2020 has without a doubt been a challenging time for small businesses as the COVID-19 pandemic has forced worldwide stay-at-home orders and subsequent business shutdowns, from gyms to restaurants and hotels to bus tours.
WOBURN, Mass., Oct. 06, 2020 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ:BLIN), a provider in cloud-based digital experience software, announced today that PNY Technologies has launched its next generation eCommerce site on the Bridgeline Unbound Platform.
PNY has been a premium provider of consumer electronics for over 30 years – serving consumers, professionals and OEMs worldwide. The company’s product portfolio consists of a broad assortment of Flash Memory Cards, USB Flash Drives, Solid State Drives, PC Memory Upgrades, Cables, NVIDIA® Graphics Cards, HP Flash Memory Products and PNY GPU powered servers and workstations. Delivering solutions in over 50 countries, the company’s digital imaging, mobility, computing, gaming and business solutions are widely available from major retailers, e-tailers, system builders, wholesalers and distributors internationally.
PNY selected Bridgeline to architect, design and implement an improved customer experience on Unbound Commerce Core – a common framework of pre-built, mobile-friendly, flexible templates and modules. This
Builder, a no-code platform which targets e-commerce websites and was cofounded by Berkeley dropout Steve Sewell and Berkeley MBA Brent Locks, announced today that it has raised $3.25 million in seed funding led by Greylock. Other investors include Warby Parker’s cofounders Dave Gilboa and Neil Blumenthal, Allbirds’ cofounder Joey Zwillinger, Harry’s cofounder Jeff Raider, and PopSugar’s cofounder Brian Sugar.
Builder is a full no-code tool which means that the user can simply drag and drop to create any type of content, particularly in the marketing section.
Steve Sewell, who serves as the company’s CEO, says that when he used to lead web engineering at a company called ShopStyle, they identified that one of the biggest problems was that once a website was built, there wasn’t a lot of tooling around it.
(Bloomberg) — A flurry of big-ticket gaming, e-commerce and telecoms announcements has focused the attention of tech investors on an unlikely destination: Poland.
Arguably better known for defending its smokestack industries from European Union climate goals, Poland has quietly developed a number of growing tech companies.
This month’s initial public offering by online marketplace Allegro is the biggest ever in Warsaw and worth as much as $2.7 billion. CD Projekt SA, Europe’s second-biggest biggest gaming company, plans to release its make-or-break futuristic Cyberpunk 2077 game in November, already dubbed as the most awaited launch this year. Mobile games producer Huuuge Inc. and People Can Fly SA, a studio that helped make Fortnite, also plan to list shares in Warsaw later this year.
While European governments have repeatedly tried and failed to create the continent’s own version of Silicon Valley, Poland’s digital remake is fed by local IT talent, an upwardly-mobile