Clerk will use the funding to accelerate the buildout of its platform, allowing the company to expand its in-store marketing and merchandising products to retailers and brands.
As part of the transaction, Dean Nelson, partner at Sageview, will join the company's board of directors. Additionally, Roberto Avila, principal at Sageview, will join as a board observer.
Company: Clerk, Inc.
Round: Series B
Funding Month: April 2022
Lead Investors: Sageview Capital
Company Website: https://www.clerkretail.com/
Software Category: Retail and Advertising
About the Company: Clerk is a technology company founded in 2018 that is powering the store of the future. Clerk helps brands and retailers improve the shopper experience by streamlining store operations and providing in-store retail media opportunities by leveraging its digital advertising network, Grocery TV. Clerk has grown rapidly with a 350% increase in network size. Additionally, the company achieved several milestones, including the Expansion of Grocery TV's footprint across all 50 states in key markets -- including New York, Chicago, Los Angeles, Miami, and Dallas -- with over 14,000 displays in retailers such as ShopRite, Bashas', and Cub Foods. Partnerships with major programmatic networks such as The Trade Desk and Yahoo DSP to make it easier for agencies and brands to reach their audience of over 30 million grocery shoppers. And the launch of a SaaS merchandising product that leverages their machine learning technology to help brands ensure products are in-stock and shelved correctly. Dotdash Meredith uses this to manage its publications in over 15,000 stores per quarter.