Houlihan Lokey Advises RetailNext
Houlihan Lokey is pleased to announce that RetailNext has received a majority growth investment from Battery Ventures. The transaction closed on December 5, 2024.
RetailNext, a global leader in smart store analytics for optimizing store experiences, announced a strategic majority growth investment from Battery Ventures, a global technology-focused investment firm. The investment will support the expansion of RetailNext’s international team, accelerate product innovation, and provide significant capital for acquisitions.
The strategic growth investment comes during a period of rapid expansion for RetailNext, which has scaled to 100 countries and, in 2024, averaged 1,200 installations into physical retail shops per month. Recognized in 2024 as one of Fast Company’s most innovative companies in the retail category, RetailNext has grown its customer base to 560 retail brands and introduced key solutions, such as theft prevention analytics and predictive traffic forecasting.
Since its founding in 2008, RetailNext has empowered retailers, such as Macy’s, Estée Lauder, Ulta, The Vitamin Shoppe, Bloomingdale’s, Boggi Milano, UNTUCKit, Kendra Scott, Allbirds, Casper, Hurley, Daniel’s Jewelers, Faherty, On, Sharaf DG, KEH, DECIEM, Mizzen+Main, Adore Me, Catch Co., and Trek, to optimize in-store performance and deliver best-in-class insights into store performance, security, and compliance at scale. Leveraging proprietary sensors and real-time data, RetailNext provides actionable insights to enhance customer behavior understanding, streamline operations, and elevate the shopping experience.
“Exciting retail is alive, and we’re proud to partner with ambitious brands investing in better in-store experiences,” said Alexei Agratchev, Co-Founder and CEO of RetailNext. “This investment allows us to enhance our platform, acquire complementary technologies, and deliver the real-time insights modern retailers need to succeed in today’s market.“
“RetailNext stands out for its technology and deep understanding of the challenges retailers face today,” said Russ Fleischer, General Partner at Battery Ventures. “We see a unique opportunity to build on its success and are excited to partner with such an innovative team to help drive its next growth phase.” As part of the transaction, Fleischer, along with Battery Ventures’ Principal Roland Anderson and Vice President Dawit Workie, are joining RetailNext’s board.
This investment will enable RetailNext to further support retailers in strengthening their omnichannel strategies by integrating physical and digital data. With tools designed to deliver personalized and seamless shopping experiences, RetailNext helps retailers adapt to changing shopper needs and discover new growth opportunities.
This transaction was publicly announced on January 6, 2025. Houlihan Lokey served as the advisor to RetailNext on this transaction.
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