Leap Raises $20 Million to Expand Data-Driven Retail Platform

New York-based Leap, a platform provider for physical retail, has raised $20 million in funding. The round was led by Tribeca Venture Partners and DNX Ventures, bringing Leap’s total funding to $109.5 million across six rounds.

The funding will support Leap’s efforts to expand its network of branded retail stores, enhance retail operations, and further develop its platform’s technology and data analytics capabilities. The company’s platform leverages data and technology to enable brands to launch physical stores more quickly and with reduced costs and risks, complementing their e-commerce strategies.

Founded by CEO Amish Tolia, Leap operates over 100 stores in 12-tier U.S. markets for brands including Grown Brilliance, Ring Concierge, Godiva, and Malbon Golf. The company plans to use the additional capital to scale its operations and strengthen its position as a leader in data-driven retail solutions.