Accel

Coast closes Series B, gets funds from Synchrony for fintech platform

Fleet spending management company Coast announced it has closed a $40 million Series B led by Iconiq Growth and including participation from existing investors Accel, Insight Partners, Vesey Ventures, Avid Ventures and its newest investor, Thomvest.

The funding round also featured an undisclosed investment from financial services provider Synchrony. Coast views this as a strategic partnership since Synchrony serves many of Coast’s customers in the tire, auto parts and repair sectors, including...

https://www.freightwaves.com/news/coast-closes-series-b-gets-funds-from-synchrony-for-fintech-platform

Shogun raises $67.5M to scale headless commerce technology

Headless commerce company Shogun has raised $67.5 million in a Series C funding round led by Insight Partners. Existing investors Initialized Capital, Accel and VMG Partners also participated. The new funding round brings total funding in the startup to $114.5 million.

Headless commerce refers to a technology platform that stores, manages and delivers content on demand through an API rather than hosting the content in a static front-end system. Shogun offers two solutions to brands and retailers...

https://www.freightwaves.com/news/shogun-raises-67-5m-to-scale-headless-commerce-technology

Nimble Robotics raises $50M for fulfillment automation

Nimble Robotics, an e-commerce warehouse automation company, announced a $50 million Series A financing round led by DNS Capital and GSR Ventures with participation from Accel and Reinvent Capital. Nimble plans to use the funds to deploy more robots to its customers and expedite hiring for further product and technology development. 

Nimble also announced the appointment of two new board members: Fei-Fei Li, a Sequoia professor of computer science at Stanford University, and Sebastian Thrun,...

https://s29755.pcdn.co/news/nimble-robotics-raises-$50m-for-fulfillment-automation