b8ta Status
The company received an undisclosed amount of financing from Macy's on June 12, 2018. Macy's will leverage b8ta's software platform to scale The Market @ Macy's, becoming strategic partners in this 'retail-as-a-service' model. Previously, the company raised $19 million of Series B venture funding in a deal led by Macy's on June 7, 2018, putting the company's pre-money valuation at $40 million. Graphene Ventures, Khosla Ventures, Sound Ventures, Peak State Ventures, Palm Drive Capital, Plug and Play Tech Center and CapitaLand also participated in the round.
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