Story image

Aussie start-up RangeMe gears up for massive growth

02 Jun 2016

Australia’s RangeMe, the global online marketplace that connects retailers with in-demand products and suppliers, has caught the attention of serial US entrepreneurs and is gearing up for rapid growth.

According to a new announcement, the start-up has raised US$4 million in a round of funding led by VCs including Simon Equity Partners, Freestyle Capital and Transmedia Capital. Kevin Hartz, founder of Eventbrite, and Steve Jang, advisor to Uber, were also among the investors.

RangeMe was founded in Australia in 2013 and is the first-of-its-kind marketplace connecting retailers and consumer goods suppliers online. The technology platform allows product discovery for retailers, and boosts brand visibility and speed to market among suppliers, according to the company.

Since launch the platform has generated more than 40,000 product reviews by retail buyers resulting in products landing on retail shelves, the company says.

"This capital will enable RangeMe to further dominate the online product discovery space in Australia, New Zealand and the US,” says CEO and founder Nicky Jackson.

“We’re experiencing exponential growth fuelled by unprecedented product innovation in the consumer packaged goods industry. Investors have recognised our first-class platform, team and market leadership and have backed us to expand significantly. We are already working with over 15,000 unique and innovative suppliers and the investment will see us grow this number substantially," Jackson says.

RangeMe has fostered relationships with well-known retailers including Coles, Metcash and Sigma in Australia; Target, Sam’s Club and Winn- Dixie in the US; and Countdown, Nosh and Huckleberry’s in New Zealand. 

Cryptomining apps discovered on Microsoft’s app store
It is believed that the eight apps were likely developed by the same person or group.
A multi-cloud approach - what is in it for me?
OVH CEO Michel Paulin explains the benefits of a multi-cloud approach to an organisations digitalisation and what to consider before implementation.
IDC: Top 10 trends for Australia’s digital transformation
The CDO title is declining, 35% of us will be working with bots, the Net Promoter Score will be key to success, and more.
Why the IT service integration market is becoming highly automated
"The SIAM market is not large, but it is one of the fundamental pillars of every digital transformation strategy."
Intel and Rakuten partner to address 5G network gap
“We believe this full end-to-end virtualised network will help us to shift away from reliance on dedicated hardware and legacy infrastructure.”
Exclusive: How Australian businesses can foster customer loyalty with CX
From boardrooms to meeting rooms, there’s an overwhelming recognition of the importance of CX, particularly when it comes to building customer loyalty.
Spoofs, forgeries, and impersonations plague inboxes
It pays to double check any email that lands in your inbox, because phishing attacks are so advanced that they can now literally originate from a genuine sender’s account – but those emails are far from genuine.
HCL and IBM collaborate to encourage global hybrid cloud uptake
HCL announced a collaboration with IBM designed to help advance the hybrid cloud journeys of organisations worldwide.