Shoptalk And Commerce Ventures Partner To Create Shoptalk Ventures
Program Will Target 20 Investments over the next 24 Months with Participation from Other Leading Investors
Shoptalk, the world’s largest retail and ecommerce conference, and Commerce Ventures, a leading early-stage venture capital firm focused on commerce technology, today announced the launch of Shoptalk Ventures. Shoptalk Ventures is a program that will commit $1 million over the next 24 months to a target of 20 ecommerce and retail technology startups.
As a catalyst for the evolution of retail and ecommerce, Shoptalk will help identify some of the most promising companies in the industry, and become a limited partner in Commerce Ventures. The investment review, selection and due diligence will be managed independently by Commerce Ventures.
“Our goal with Shoptalk Ventures is to further support the early startup ecosystem that’s enabling retail and ecommerce as it continues to transform for a digital age. We’re thrilled to partner on this program with Commerce Ventures, which has a successful, sector-specific track record of working with the investment community to fund promising new companies,” said Anil D. Aggarwal, founder and chief executive officer of Shoptalk.
Shoptalk organizes the world’s largest conferences for retail and ecommerce. Held in the US and Europe, Shoptalk is an unprecedented global gathering of individuals and companies reshaping how consumers discover, shop and buy.
Dan Rosen, General Partner of Commerce Ventures, added, “We look forward to working with Shoptalk to identify and fund the next generation of ecommerce and retail technology leaders. Shoptalk has become the gathering place for next-generation industry thinkers and was a natural partner for this program. This is a unique opportunity to bring the commerce community together and we are excited to engage with retailers as well as other investors to make this program a success. ”
Commerce Ventures is a leading venture firm focused on technology innovations in the retail and commerce ecosystem. Thus far, the firm has invested in over forty portfolio companies, including leading ecommerce and retail technology startups such as Estimote, Forter, Narvar, RetailNext, SessionM, Theatro, and Tulip Retail.
Recommended Read: Are Marketers Ready for Next-Level Personalization?