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05-12-2017, 01:01 AM
Spring raises $65 million to fund a shopping mall on your smartphone
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As brick-and-mortar retailers flounder, investors are pouring money into new ways to shop on your phone.
Shopping app Spring just raised $65 million to grow its online market of more than 2,000 clothing brands.*
SEE ALSO: Venmo's in-app purchases are **w available to everyone (http://mashable.com/2016/07/26/venmo-in-app-payments-expand/)
Fidelity Investments led the cash infusion with support from previous backers like Thrive Capital and Russian billionaire Yuri Milner. With the latest round, Spring has raised $100 million to date.
Spring CEO Alan Tisch founded the e-commerce company with his brother, venture capitalist and ****** entrepreneur David Tisch, as a simple and visually appealing way for millennials to buy clothes on their phones. Read more... (http://mashable.com/2017/05/11/shopping-app-spring-raises-65-million/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Spring (http://mashable.com/category/spring/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), E Commerce (http://mashable.com/category/e-commerce/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/2wPBbkJJ-Rc
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As brick-and-mortar retailers flounder, investors are pouring money into new ways to shop on your phone.
Shopping app Spring just raised $65 million to grow its online market of more than 2,000 clothing brands.*
SEE ALSO: Venmo's in-app purchases are **w available to everyone (http://mashable.com/2016/07/26/venmo-in-app-payments-expand/)
Fidelity Investments led the cash infusion with support from previous backers like Thrive Capital and Russian billionaire Yuri Milner. With the latest round, Spring has raised $100 million to date.
Spring CEO Alan Tisch founded the e-commerce company with his brother, venture capitalist and ****** entrepreneur David Tisch, as a simple and visually appealing way for millennials to buy clothes on their phones. Read more... (http://mashable.com/2017/05/11/shopping-app-spring-raises-65-million/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Spring (http://mashable.com/category/spring/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), E Commerce (http://mashable.com/category/e-commerce/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/2wPBbkJJ-Rc