Upstream Commerce Receives $3,000,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b20fa1e0-42a3-4ecc-b0a9-bc4d3474beaa&Preview=1
Date
2/6/2013
Company Name
Upstream Commerce
Mailing Address
Undisclosed Boston, MA 02108
Company Description
Upstream Commerce was founded in 2010 by seasoned retail technology experts, Amos Peleg and Shai Geva on the premise that automated Retail Intelligence capability should simplify and streamline the highly-complicated data-gathering process inherent in competitive retail intelligence so retailers can concentrate on optimizing their merchandising and marketing.
Website
http://www.upstreamcommerce.com
Transaction Type
Venture Equity
Transaction Amount
$3,000,000
Transaction Round
Undisclosed
Proceeds Purposes
We will use the funding to further develop our core technology and product as well as expand our solution to provide critical intelligence-gathering capabilities that go beyond pricing and assortment intelligence.
M&A Terms
Venture Investor
YL Ventures
Venture Investor
Bright Capital
Venture Investor
Undisclosed