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Analytics firm Retail Next raises $125 million in new funding

Retail Next plans to use the money to expand its global operations in several markets across Europe, Asia and Latin America and will also look for suitable acquisitions in those markets.

April 15, 2015

In-store analytics firm Retail Next has raised $125 million, the company said Wednesday, in a fresh funding round from investors led by private equity firm Activant Capital Group, Reuters is reporting.

Headquartered in San Jose, California, Retail Next offers technology solutions to brick-and-mortar retailers to help them reshape their in-store experiences.

Retail Next plans to use the money to expand its global operations in several markets across Europe, Asia and Latin America and will also look for suitable acquisitions in those markets, Alexei Agratchev, founder and CEO, told Reuters.

Agratchev said the company is in more than 50 countries and mainly supports U.S. retailers' global expansion efforts. He said the company will expand its foreign sales efforts. Within the United States, Retail Next will also focus on new retail segments including restaurant chains and auto dealerships, he said.