MRO Magazine

RangeMe Raises $4M to Support the Rapid Expansion of its B2B Online Marketplace for Retailers and Suppliers


May 10, 2016
By Business Wire News

SAN FRANCISCO

RangeMe, the global online marketplace that efficiently connects retailers with in-demand products and suppliers, today announced that it has raised $4 million led by Simon Equity Partners, Freestyle Capital and Transmedia Capital.

RangeMe is the first-of-its-kind vertical marketplace that connects retailers and consumer goods suppliers. Its technology platform allows easy product discovery for retailers, and boosts brand visibility and speed to market among suppliers. Since launching in the U.S. in September 2015, the platform has generated more than 30,000 product reviews by retail buyers and numerous success stories of products landing on retail shelves.

“This capital will enable RangeMe to further dominate the online product discovery space in the U.S. market,” said CEO and Founder Nicky Jackson. “RangeMe is experiencing exponential growth fueled by unprecedented product innovation in the consumer packaged goods industry. Investors have recognized our first class tech platform and market leadership and have backed us to expand our platform and operations significantly. We are already working with over 11,000 unique and innovative brands and the investment will see us grow this number substantially.”

In the U.S., RangeMe’s marquee retail clients include Target, Jet.com and Southeastern Grocers. Board Chairman Ido Leffler is a TV personality from Quit Your Day Job! on the Oxygen Network, who has also successfully built several consumer goods companies including Yes To Inc., Cheeky and Yoobi. With the support of powerhouse retailers and influential entrepreneurs, RangeMe has quickly captured recognition throughout the consumer packaged goods (CPG) industry as a leading player in new product breakthroughs, elevating them to the next level.

As part of this round, the company has boosted its leadership team with the appointment of Josh Felser from Freestyle Capital to the Board and Steve Jang (Uber advisor) as an advisor.

RangeMe’s Participating US Seed Investors:

  • Freestyle Capital
  • Simon Equity Partners
  • Transmedia Capital
  • Kevin Hartz, Founder & Chairman, Eventbrite
  • Steve Jang, Uber advisor
  • JGL Investments (Australia)

In 2013, CEO Nicky Jackson founded RangeMe, based on her firsthand experience as a consumer goods entrepreneur. Nicky’s desire to achieve fast distribution for her line of baby skincare products inspired her to create an online network to match sellers with buyers looking for products like theirs. Before launching RangeMe, Nicky worked as a marketing executive at Kellogg’s, Pepsico and Jim Beam.

About RangeMe

RangeMe is the leading online platform that streamlines new product discovery between suppliers and retailers. The platform empowers retail buyers with an efficient way to discover innovative new products and manage the inbound product submission process. For product suppliers and manufacturers, RangeMe gives increased control over the marketing of their products and greater access to retail buyers.

Tier1PR
Dan Dyer, 513-478-7818
ddyer@tier1pr.com