Retale App Raises $12 Million

What does Retale do?

Retale, is an iOS, Android and Kindle Fire app which  is an online resource for shopping at your local stores. Based on your zip code, it makes brochures, coupons, circulars from many retailers available in a simple format for users so that they can plan their shopping weekly. You can flip through its brochures, get info of products and learn about the deals and offers available. This free smart phone app provides a comprehensive overview of all the retailers and stores with their store open timings and addresses. This was a concept which started in German 4 years ago and is now used by more them 12 million users in 5 different countries.

How much Retale was funded?

Retale raised $12M in venture round on May 4^th, 2014 from the investors Axel Springer and Bonial International Group.

Previous funding

$33M in Venture round on October 28, 2013 from Axel Springer and Bonial International Group.

What is next for Retale?

Retale will be using the funding for its international expansion. This funding is a part of the $18M shareholder investment in Bonial.com Group, which is Retale’s parent company. The funding will be used for expanding Bonial.com Group and Retale internationally.

More about Retale

Retale was founded on October 28^th, 2013 by Christian Gaiser. It has its headquarters in Chicago, IL. This is an app which provides with digitized weekly ads. Gone are those days when you had to scour the newspaper for weekly retail deals. This Chicago tech company brings circulars in front of the shoppers.

This one app will provide you all your favorite retail offers. It enhances your shopping  experience by making it easy to find deals, offers, in store promotions at some of the largest retailers in America such as Walgreens, Walmart, CVS, Trget, Macy’s, JCPenny etc.