# CitiXsys Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/citixsys-holdings

- Industry: Software
- Headquarters: New York, US
- Website: www.citixsys.com
- Total disclosed funding: $45M
- Latest round: Series B (Oct 30, 2018)
- Investors on record: 7

## About

CitiXsys Holdings Inc. specializes in retail management solutions, offering a cohesive blend of technology that streamlines operations for retailers in diverse sectors, enhancing overall efficiency and customer experience.CitiXsys Holdings Inc. provides retail management solutions through its flagship product, iVend Retail, designed to optimize operations for retailers globally. Founded in 2002, the company is headquartered in New York, US. The company has completed a total of 6 deals, with the latest funding round being a Series B raising USD 15.00 mn, bringing the total amount raised to USD 15.00 mn and a current valuation of USD 183.93 mn. Kamal Karmakar serves as the CEO.iVend Retail offers a comprehensive suite of retail management solutions that integrates Point of Sale (POS), inventory management, and enterprise resource planning (ERP) systems, enabling retailers to streamline their operations. The platform, which is mobile-ready, features real-time inventory tracking, offline resilience, and customizable workflows. Serving over 90 countries, the services cater to clients ranging from small businesses to large retail chains across sectors such as fashion, electronics, health and beauty, and grocery.CitiXsys Holdings Inc. generates revenue through subscription and service contracts for iVend Retail, where clients pay for access via annual subscriptions or multi-year agreements. The company's offerings include integrated POS systems and cloud-based services, tailored for diverse business sizes, which facilitate seamless retail operations. Specific pricing details are not disclosed, but the model emphasizes delivering value through enhanced operational efficiency.CitiXsys Holdings Inc. aims to expand its product offerings and enter new markets. Upcoming developments include launching additional features for the iVend Retail platform to enhance customer engagement. Plans for geographic expansion are focused on new regions in Asia and Europe by late 2024. Recent funding will support these initiatives, particularly in product development and market entry strategies. It is noteworthy that ABRY Partners recently exited its stake in the company.

## Funding rounds

- Series B, Oct 30, 2018, $20M — Housatonic Partners, Al Muhaidib & Sons Group, Samsonite International S.A., Circle K, Asics Ventures, Virgin Mobile USA, Havaianas
- Series A, Sep 28, 2018, $25M — Housatonic Partners

## Investors

- Housatonic Partners (https://capitalatlas.ai/funds/housatonic-partners) — Series A, Series B
- Al Muhaidib & Sons Group — Series B
- Samsonite International S.A. — Series B
- Circle K — Series B
- Asics Ventures — Series B
- Virgin Mobile USA — Series B
- Havaianas — Series B