in the Press 

We don't mean to pat ourselves on the back, but...

Mobile Shopping Startup PredictSpring Raises $11.4M

“In addition to offering an app development platform, the company has become increasingly focused on using mobile technology to improve the in-store experience. Those improvements are on the consumer side, with things like geofence notifications and barcode scanning, but also take the form of apps that salespeople can use to lookup more information about customers and products while in the store.”

The new funding was led by Felicis Ventures.PredictSpring previously raised $2 million in seed funding, and existing investors Beanstalk Ventures and Novel TMT Ventures participated in the round, as did new investors Benvolio Group. Felicis Managing Partner Aydin Senkut (like Mangtani, a former Googler) and Beanstalk Managing Partner Ken Seiff have joined PredictSpring’s board of directors.

PredictSpring Raises $11.4M to Expand It's Mobile Platform for Consumer and Store Associate Apps

We are proud to announce that we have officially raised an $11.4M Series A financing round, led by Felicis Ventures, with participation from existing investors Beanstalk Ventures and Novel TMT Ventures. Our new investors include Benvolio Group, the investment arm of Lew Frankfort, Chairman Emeritus, Coach, and his family. 

Founded by the visionary behind Google Shopping and early mobile commerce pioneers from VISA and Motorola, PredictSpring has redefined the speed of mobile experiences for consumers and the store associates that service them. PredictSpring powers the omni-channel experience for the world’s leading retailers and brands, including Calvin Klein, Cole Haan, Nine West, New York & Company, Claire’s and Vineyard Vines.

Mobile Commerce Provider PredictSpring Infused With $11.4M

“Mangtani told WWD that consumers don’t see “any channel as a silo — it is all the same one to them.” For example, Mangtani said it is typical that a consumer researches and shops for a product on a mobile device at home or during a break at work, and then continue shopping journey inside the store itself. There, she may decide to pick up in the store or have it shipped home. To the consumer, it is a singular experience.

Also, due to the platform modules offered to retailers, sales associates helping consumers inside the store can take advantage of real-time, in-store inventory functions and other features “where the sales associate doesn’t leave the shopper’s side, which creates a more personalized experience.”

Coach Chairman, Silas Chou Invest In Ex-Google Shopping Exec's Startup

“The round was led by Silicon Valley-based venture capital firm Felicis Ventures, with participation from existing investors, Beanstalk Ventures and Novel TMT Ventures, the technology investment arm of Hong Kong-based textile and fashion tycoon Silas Chou and his family. New investors include New York-based Benvolio Group, the investment arm of Lew Frankfort, ex-CEO and current chairman emeritus of Coach, and his family."

“We are in the midst of a fundamental shift in consumer behavior and buying patterns. Today’s consumer expects instantaneous response times and the ability to shop anywhere, anytime with a single touch of a button,” said Nitin Mangtani, Founder & CEO of PredictSpring. 

How Mobile Buying Went From Many Screens to One

“In October, Apple introduces Apple Pay, which simplifies checkout by using shoppers’ saved information and eases security concerns because it doesn’t store card numbers on Apple phones or servers. So-called digital wallets such as Apple Pay will account for the majority of mobile transactions by 2017, according to Nitin Mangtani.”

Cole Haan laces up Apple Pay, tying in shoppable Instagram content

““The experience on consumer apps will be similar to the experience inside the Cole Haan app when using the Shop the Look feature with Instagram,” said Nitin Mangtani, founder/CEO of PredictSpring, Los Altos, CA. “Consumers will be able to browse digital content and see the products highlighted in the ‘Look.’”

Insightful articles

Shopping Apps Are Now The Fastest Growing Thing In Mobile

“Turns out, ecommerce was the real mobile star of the past year. According to mobile analytics firm Flurry, shopping app usage grew faster than any other category of apps. Sessions on shopping apps on iOS and Android devices increased by 174% year-over-year, including 220% on Android alone. That’s up from 77% last year.”

With social media buy buttons taking off, retailers should dive in now

“It is likely that every social media app will include payment functionality since it will increase revenue opportunity through advertising, and potentially add value to the site by offering P2P payment capability to their users,”

The decline of the mobile web

“This is a worrisome trend for the web. Mobile is the future. What wins mobile, wins the Internet. Right now, apps are winning and the web is losing.Moreover, there are signs that it will only get worse.”

Zuckerberg's Biggest Mistake? ’BETTING ON HTML5’

"’The biggest mistake we made as a company was betting too much on HTML5 as opposed to native.’ Now, Zuckerberg says, Facebook is focused on continuing to improve the native mobile experience.”

Retail Mobile App Users Visit Brick-and-Mortars More Often

“The benefits of providing branded retail mobile apps extend beyond the customer’s interaction with the app itself. With so many different ways to see a return on your mobile app investment – online purchases, in-store purchases, brand recognition, user retention, etc. – being able to track this is extremely valuable.”

Target exec predicts growth 2x industry average due to mobile innovation

“Target data predicts that by following a mobile-first strategy and working on technological services that make a consumer experience faster and easier will grow its business two to three times faster than the industry average.”

New, Simple ‘Buy’ Buttons Aim to Entice Mobile Shoppers

“We’ve seen that shopping behavior has shifted to mobile in a profound way, but there’s a gap between time spent and dollars spent, The logic for the companies working on the new buy buttons is that, in an increasingly mobile world, where people do less typing and more tapping, a more predictable checkout process will drive sales by reducing “friction,””

What Mobile Shopping Apps Are Most Popular With Millennials?

“Due to limitations in mobile web, many companies are seizing the opportunity by developing native mobile shopping apps. 1 in every 2 Millennials has downloaded a mobile shopping app”