# PredictSpring

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/predictspring

- Industry: Internet
- Headquarters: Mountain View, US
- Website: www.predictspring.com
- Total disclosed funding: $30M
- Latest round: Series B (Jun 6, 2022)
- Investors on record: 5

## About

PredictSpring, Inc. is a technology company specializing in omnichannel commerce solutions designed to enhance retail experiences for brands in the apparel, beauty, and luxury sectors.Founded in 2013 and headquartered in Mountain View, US, PredictSpring, Inc. develops omnichannel commerce solutions. The company is led by CEO Nitin Mangtani, who has a history of founding innovative tech companies. Its latest funding round was Series B, raising USD 18.120 mn, with a total amount raised of USD 18.120 mn. Recent investors include Felicis Ventures, Novel TMT Ventures, and Salesforce Ventures. The most recent deal occurred on August 1, 2024, and the company has completed 6 deals in total.PredictSpring offers a comprehensive omnichannel commerce platform that enhances retail experiences for apparel, beauty, and luxury brands. The PredictSpring Modern POS serves as a multifunctional point of sale system, enabling seamless customer interactions in-store and online. Retail associates can access detailed customer profiles for personalized service, alongside features for real-time inventory management, unified order management, and various fulfillment options such as Buy Online, Pick Up In Store (BOPIS) and curbside pickup. Their primary clients include notable brands like Deciem and Movado, primarily marketed in North America.PredictSpring generates revenue through a subscription-based model, specifically targeting beauty and apparel retailers. The company partners with clients to integrate their Modern POS into retail systems, where clients pay for ongoing access to software services, which includes setup and service fees based on the number of locations using the platform. The PredictSpring Modern POS is central to these financial interactions, facilitating the enhancement of customer engagement and streamlining retail operations.In August 2024, Salesforce.com, Inc. agreed to acquire PredictSpring, Inc. from various investors, which will enable Salesforce.com to provide a unified omnichannel platform bridging digital and physical channels. This strategic acquisition is expected to enhance market presence and accelerate product innovation as PredictSpring continues to develop new features and expand its offerings in the retail technology space.

## Funding rounds

- Series B, Jun 6, 2022, $18M — Felicis Ventures, Novel TMT Ventures, Salesforce Ventures
- Series A, Jun 16, 2016, $11M — Felicis Ventures, Novel TMT Ventures, Benvolio Group, Beanstalk Ventures
- Seed, Feb 1, 2014, $0.8M — Novel TMT Ventures, Beanstalk Ventures

## Investors

- Novel TMT Ventures (https://capitalatlas.ai/funds/novel-tmt-ventures) — Seed, Series A, Series B
- Beanstalk Ventures (https://capitalatlas.ai/funds/beanstalk-ventures) — Seed, Series A
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series B
- Benvolio Group (https://capitalatlas.ai/funds/benvolio-group) — Series A
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B