Technology

Leap scores $20M financing to expand store network, enhance retail operations

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January 28, 2025

Leap, a platform for physical retail, has received $20 million in financing that will be used to expand its network of store, enhance retail operations and allow for more investment into its platform technology and data analytic capabilities.

Tribeca Venture Partners and DNX Ventures, along with existing investors, participated in the funding round, according to a press release.

Leap currently operates more than 100 stores in 12 Tier One U.S. markets for leading brands like Grown Brilliance, Ring Concierge, Godiva and Malbon Golf.

Leap has also announced the appointment of Karen Katz, former president and CEO of the Neiman Marcus Group, to its board of directors.

Katz spent 33 years at the Neiman Marcus Group, including eight years as CEO. During her tenure, she grew the company's digital presence and helped launch its omnichannel strategy, while also leading the acquisition of German e-tailer MyTheresa. She currently serves as chairperson of the board of The RealReal and has been a board member of Under Armour for more than 10 years, among other board positions.