NEW YORK, December 3, 2020 -- CB Insights today named Lolli, the leading bitcoin rewards company, to its inaugural Retail Tech 100 ranking, which showcases the 100 most promising retail tech companies in the world.
The 2020 Retail Tech 100 cohort highlights startups reimagining the retail experience across 13 categories, from e-commerce infrastructure to supply chain automation and cashierless checkout. 21 countries represented this year include India, China, Canada, Singapore, and the United Kingdom, among others.
CEO and Co-founder of Lolli, Alex Adelman said: "The Lolli team is thrilled to be named to this prestigious list among so many leading retail tech companies across the globe. Lolli is many people's first experience with bitcoin but it's also many retailers first experience with bitcoin. With over 1,000+ merchant partners in 2020, we celebrated driving a record number of sales to our merchants, rapid user growth, and giving away well over 1 million dollars in bitcoin to our users. We're proud to continue our mission of making bitcoin more accessible to both individuals and companies."
“The rate of change in retail is accelerating, and the Retail Tech 100 showcases the tech companies that are changing every facet of retail - from store automation to supply chain robotics to personalized merchandise discovery. Spanning 13 distinct technology markets, they address key challenges retailers face today while also helping them adapt and be ready for changing consumer habits," said CB Insights CEO Anand Sanwal. "The honorees also underscore the fact that the best technologies driving retail transformation may come from anywhere as they hail from 21 countries ranging from Canada to Singapore to Brazil to Sweden. As we head into 2021, we are excited to see the impact the Retail Tech 100 will have on customers, retailers, and markets."
Through an evidence-based approach, the CB Insights research team selected the Retail Tech 100 from nearly 15,000 applications and nominees, based on several factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Lolli was founded in 2018 and grown to 1,000+ retailers across its platform. The company has recently launched major publicly-listed companies including eBay, Kroger, and Samsung.
Quick facts on the 2020 Retail Tech 100:
- The 2020 Retail Tech 100 startups have raised over $14B in total equity funding across 400+ deals from 700+ unique investors. Over half of these companies have raised funding in 2020 (as of 11/20), amounting to $4.7B in total.
- The list includes 19 unicorns (companies that have reached a valuation of $1B+) focused on a diverse range of retail tech solutions.
- There are 21 early-stage startups (seed/angel and Series A) in this year’s cohort.
- Majority of these companies are based in North America (59%), followed by Asia (21%), Europe (16%), and Latin America (4%). Among countries, the US leads with 55 companies.
The Retail Tech 100 Companies (in alphabetical order):
CEO and Co-founder of Lolli, Alex Adelman is available for an interview.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Farrah Kim - PR & Communications
About Lolli Inc: Lolli is the first bitcoin rewards application that allows people to earn and own bitcoin when they shop online. Lolli has partnered with 1,000+ top brands and merchants including Priceline, Groupon, and Macy’s. Lolli was created with the goal of making it easy to earn, own, and share bitcoin with as many people as possible. The company strongly believes in bitcoin as a global alternative currency and universal store of value and wants to share it with the world. Lolli is currently available on Chrome, Firefox, and Microsoft Edge. For mor information, visit Lolli.com.
Aubrey Strobel - Head of Communications