PredictSpring, a pioneer in omnichannel commerce and cutting-edge POS technology, announced the closing of a USD 16 million Series B round of fundraising on 15th June 2022, bringing its total funding to date to USD 32 million. Current investors Salesforce Ventures, Felicis, and Novel TMT Ventures participated in the round. With the additional capital, PredictSpring plans to expand its R&D and go-to-market teams and speed up its omnichannel business expansion.
PredictSpring’s objective to maintain its innovative and trailblazing approach to omnichannel commerce and reinvent the in-store experience for customers and shop associates will be supported by the extra funds. A market leader in the retail sector, PredictSpring Modern POS serves a wide range of verticals, including clothes and footwear, luxury, health and beauty, jewelry and watches, winery and liquor stores, home furnishings, and décor, and telco.
What the founder has to say:
Nitin Mangtani, Founder and CEO of PredictSpring:
“Over the past three years, the retail industry has experienced an accelerated transition from outdated traditional POS systems to cutting-edge POS platforms. With the help of this fundraising round, we will be able to grow our already lucrative Modern POS company and provide brands and retailers with advanced omnichannel solutions that will enhance the customer experience and increase sales.
Modern features offered by PredictSpring:
PredictSpring offers complete POS and mPOS. A fixed POS with a cash drawer and printer and an mPOS device that runs on an iPhone or iPad is used in today’s POS deployments.
Support for endless aisles, buy online return in-store (BORIS), online purchase pickup in-store (BOPIS), and buy online fulfill in-store (BOFIS) are all collectively known as omnichannel commerce features.
Through PredictSpring ( an omnichannel commerce platform) users have the option of selling remotely using the Pay By Link tool. Multiple payment methods utilizing QR codes including digital wallets, third-party payment processors like WeChat Pay and Alipay, and buy-now, pay-later services are also available.
Features like inventory management — support for cycle counting, RFID, store transfers, real-time inventory visibility across all channels, inventory receiving, and inventory modifications are also offered.
More about the company:
PredictSpring, founded by the creative force behind Google Shopping, powers omnichannel experiences for some of the biggest brands and retailers in the world, including Sandro, Maje, Deciem, Steve Madden, and Suitsupply.
The top omnichannel commerce platform in the retail POS space is PredictSpring. With support for complete POS, mPOS, cash management, clienteling, endless aisle, inventory management, and curbside pickup, PredictSpring Modern POS offers brands a seamless in-store experience.
By providing quick and seamless omnichannel journeys, PredictSpring Modern POS integrates the online and in-store customer journey and helps brands to communicate with customers. Retailers can build highly customized on-brand experiences with in-store promotions and loyalty linkages with PredictSpring Content Management System (CMS), the industry’s top no-coding commerce platform.
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