CB Insights Future of Ecommerce

THE FUTURE OF E-COMMERCE
Startups, new technologies, and corporate innovators shaping next

generation trends in e-commerce
WEBINAR RECORDING WILL BE DISTRIBUTED
IMMEDIATELY AFTER
The presentation will also be sent to you. Feel free to share with colleagues. The resolution of
some slides may be suboptimal due to the webinar software. Those slides will look fine in the
presentation that we send you.
http://support.citrixonline.com/en_US/Webinar
www.cbinsights.com 2
JOIN THE CONVERSATION ON TWITTER
@cbinsights
@natan_reddy
#CBIecommerce
The technology market
intelligence platform.
CB Insights software lets you predict, discuss, and
communicate emerging technology trends using data
in ways that are beyond human cognition.
A FEW OF OUR HAPPY CUSTOMERS
The most publicly reference-able customers of anyone in the industry
“With CB Insights we can quickly and reliably

aggregate data across the investing landscape, from
sector trends to financing activity. The intuitive user
interface and robust set of features have made it a
go-to resource for our team, and the customer
support is second to none...”
Kate Barrett
Director, New Enterprise Associates
See what other customers have to say at http://www.cbinsights.com/customer-love www.cbinsights.com 5

ABOUT THE PRESENTER
Natan Reddy
Tech industry analyst at CB Insights
Natan graduated from the University of California, Berkeley with a
major in economics and a focus in French. He previously worked as
a business valuation senior associate at Andersen Tax in San
Francisco, where he valued dozens of startups and public
companies. He currently covers the e-commerce, on demand, and
@natan_reddy
food delivery sectors. His research has been cited in Forbes, the Los
Angeles Times, and more.
nreddy@cbinsights.com
TABLE OF CONTENTS
8 Macro trends
15 Investment overview
21 Emerging trends in e-commerce

• A renewal of social commerce
• Transformation of consumer goods: direct-to-consumer
• A bet on discounting: direct-from-manufacturer model
• Big ticket: rise of expensive purchases online
• Frontier tech: AI, VR, and AR
61 Corporate cash: where corporate players are investing
66 Looking forward: the future is predictive and personalized
Macro trends
While e-commerce adoption expands, not all players are lifted with the rising tide
E-COMMERCE USAGE ACCELERATES E-COMMERCE
CONTINUES TO
INCREASE IN TRACTION
Although e-commerce is
hardly a new phenomenon,
package and parcel
volume accelerated year-
over-year from 2010 to
2016.
As demand has increased,

the e-commerce space has
become increasingly
crowded and competitive.
Source: Internet Trends 2017 - KPCB www.cbinsights.com 9

CORPORATES SEE E-COMMERCE GROWTH
Large corporates in commerce expanding online have further increased crowding and competition within
the space.
% of U.S. e-commerce sales on Amazon-owned sites Walmart global e-commerce sales year-over-year growth
$1.78B $4.65B $5B
Source: Digital Commerce 360 , Business Insider
MANY E-COMMERCE STARTUPS HAVE FAILED
ONE KINGS LANE SOLD FOR LESS THAN $30
MILLION AFTER BEING VALUED AT $900 MILLION
August 23, 2016
Sources: recode, Business Insider, TechCrunch, Forbes, WSJ www.cbinsights.com 11

CORPORATE COMPETITION MOVES ABROAD
$1.78B $4.65B $5B
Total Funding Total Funding Committed and Pledged

Investment into India
Source: Reuters www.cbinsights.com 12

ALIBABA’S GLOBAL REACH BEYOND CHINA ALIBABA EXPANDS ITS
PRESENCE ABROAD
Alibaba Geographic Heatmap of Investments Beyond China, Alibaba has

invested in and acquired a
Singapore
number of companies
across Asia, Europe, and
the United States.
Japan South Korea
As Alibaba’s influence
spreads abroad, it creates
a formidable presence in
Ireland Israel
the e-commerce space.
India United States
Australia Switzerland
COMPETITION LEADING TO CONSOLIDATION
“The conclusion was, [the Indian e-

commerce market] was going to have
to consolidate, that fewer parties were
probably a good thing for the market.
. . . there weren’t going to be 10
winners, but maybe only one or two.”
Devin Wenig
Chief Executive Officer, eBay
Source: recode www.cbinsights.com 14

Investment overview
Funding trends, category breakdown, and more.
E-COMMERCE DEALS
E-COMMERCE ANNUAL GLOBAL FINANCING HISTORY
2013 - 2017 YTD (6/6/17) BOUNCE BACK FOR
FIRST TIME SINCE 2015
941
822
(Full-Year Run Rate)
After declining in 2016,
776
797 deals and dollars to e-
749
commerce startups are
on track for a comeback
$15,351
in 2017.
The three largest deals

this year have taken
356
place in Asia: $1.4B
Series J to India-based
Flipkart; $1.1B private
equity round to China-
based Koubei; and a
$5,374 $12,071 $16,485 $9,443 $6,645 $500M private equity
2013 2014 2015 2016 2017 YTD round to China-based
Disclosed Funding ($M) Deals Uxin Pai.
E-COMMERCE QUARTERLY GLOBAL FINANCING HISTORY 2017 STARTS OFF
Q1’13 – Q1’17 264 STRONG
231 235 237 In Q1’17, e-commerce

221 221 startups raised $4.8B
211 207
193
202 across 191 deals,
186 187 191
176 182
175
marking a 41% increase
in deals from the
135 previous quarter, and
showing a reignition of
investor interest.
Q1’17 had most dollar

funding of any quarter
since the beginning of
2013. However, this was
$3,151
$1,488
$1,517
$1,778
$1,429
$2,573
$4,785
$4,570
$3,363
$4,084
$4,586
$4,452
$2,907
$1,881
$2,356
$2,299
$940
primarily due to mega-

2013 2014 2015 2016 2017 rounds to Flipkart and
Disclosed Funding ($M) Deals Koubei.
MATURING INDUSTRY: E-COMMERCE GLOBAL DEAL SHARE SEED / ANGEL DEALS
2013 – 2017 YTD (6/6/17) DECLINE EVERY YEAR
SINCE 2013
13% 13% 17% 19%
24% As the e-commerce
4% 4%
5%
1% 3% 4% space has matured, seed
6% 3% 6%
9% 5% 2% 7% / angel deals have
11% 5%
9% 9% 4%
2% declined.
15%
17% 11%
18% 18% Series E+ deals have
13% increased over the last
few years. In 2017, deals
54%
in this category have
47% 43% included investments
42% 38%
into startups such as
Wish, BigCommerce,
Vestiaire Collective, and
2013 2014 2015 2016 2017 YTD
Flipkart.
Seed/Angel Series A Series B Series C Series D Series E+ Other
E-COMMERCE GLOBAL DEAL SHARE BY COUNTRY INTERNATIONAL
2013 – 2017 YTD (6/6/17) STARTUPS TAKE
MAJORITY OF DEALS
The US was home to only

43% of deals since 2013.
28%
United States
India and China followed
with 13% and 7%,
India 43%
respectively.
China
United Kingdom While the UK and
Germany 5% Germany tied for fourth
Other 5% place, more than a
quarter of deals (28%)
7% went to other countries
13% not mentioned, including
France and Indonesia.
STARTUPS SEEK INNOVATION TO STAY AHEAD
“The rising cost of customer

acquisition and pressure to discount
prices from ‘everything marketplaces’
such as Amazon and Alibaba means
that ecommerce companies are
looking for new sustainable ways to
differentiate themselves.”
Tjeerd Brenninkmeijer
Executive Vice President, BloomReach
Source: CMS Wire www.cbinsights.com 20

What are the emerging trends in e-commerce ?
A RENEWAL OF SOCIAL COMMERCE: bringing the
experience of shopping with friends online
Has a new Chinese startup cracked the code to social commerce success?
SOCIAL COMMERCE CHATTER HAS DIED DOWN “SOCIAL COMMERCE”
2012 – 2017 YTD (6/8/17) MEDIA MENTIONS
RAPIDLY DECLINED
AFTER 2012
The idea of “social
commerce” has been
around for years,
promoted by social
networks like Facebook,
Twitter, and Pinterest
with lack luster success.
Despite past failures, is

this sector of e-
commerce ready for
renewed success?
SIMPLE BUY BUTTONS ARE OUT
Source: SUMOHeavy www.cbinsights.com 24

INTERACTIVE GROUP SHOPPING IS IN CHINA-BASED SOCIAL
COMMERCE STARTUP
PINDUODUO PINDUODUO FINDS
TRACTION
Pinduoduo has been one
of the first social
commerce startups to
gain a significant
following through
integrating social and
gamified features into an
e-commerce platform.
The company raised

$110M in a Series B
round last year, pushing
its value to $1.5B.
WHAT SETS PINDUODUO APART?
Amount of goods per month sold on platform (gross
merchandise value)
100M yuan
4B yuan
Early 2016 Spring 2017
1) 4B
e-commerce platform first, social components second
yuan
2) incentives for buying with friends / gamified buying features
an 3)
100Myu integration with highly-used social messaging app WeChat
SECOND WAVE OF SOCIAL COMMERCE STARTUPS
In a shift away from simple “buy-buttons” on social media sites, certain startups have emerged which integrate social elements
into e-commerce-focused platforms.
Mosaic
900
800
760
ALIBABA APPLIES FOR GROUP CHAT PATENT
“Some e-commerce
websites allow one-to-one
interaction between a
buyer and a seller, but the
e-commerce websites are
typically not able to satisfy
the demand for interaction
Patent: Group messaging for facilitating interactions among multiple buyers
between users with respect to the same
product.”
Date Applied: February 5, 2016
Source: patent www.cbinsights.com 28

BRINGING THE FEELING OF COMMUNITY ONLINE
“If you look at China, even e-

commerce platform Taobao is
leading the way by bringing in social
elements where users watch videos,
share experiences and join groups on
their platform.”
Hans-Peter Ressel
Chief Executive Officer, Lazada Malaysia
Source: Digital News Asia www.cbinsights.com 29

THE TRANSFORMATION OF CONSUMER GOODS:
moving to D2C
As consumer goods and e-commerce startups are pressured by large corporations and
private labels, many have to come up with direct-to-consumer models in order to stay
relevant
AMAZON COMPETING AGAINST CONSUMER GOODS AMAZON BEGINS
LEADING WITH
PRIVATE LABELS
While many consumer

goods companies remain
dependent on Amazon,
they are also competing
against Amazon’s private
labels.
Amazon is currently
pressuring many
consumer goods
companies to redesign
their products and
packaging for online
Amazon beginning to lead in private labels such
batteries and baby wipes.
sales, instead of in-store
sales.
Source: Internet Trends 2017 - KPCB www.cbinsights.com 31

WHILE SOME COMPANIES MODIFY PRODUCTS
FOR ONLINE MARKETPLACES . . .
. . . OTHERS ARE GOING D2C

CONSUMER GOODS MOVE INTO D2C
Lola delivers feminine hygiene

products on a subscription Soylent provides meal Hubble Contacts provides its
basis. The startup uses only replacement products to own brand of disposable
organic products and deliveries individuals looking to save the contacts on a subscription
can be customized to fit a time and money necessary to basis.
customer’s preference. eat regular meals.
Disclosed Funding: $11.2M Disclosed Funding: $71.5M Disclosed Funding: $23.7M
Select Investor: Spark Capital Select Investor: Andreessen Horowitz Select Investor: Founders Fund
HARRY’S D2C RAZORS GOES VERTICAL AND BUYS FACTORY HARRY’S BUYS
MANUFACTURING
PLANT IN GERMANY
In a newsworthy move,
Harry’s bought its own
manufacturing plant in
Germany.
Vertical integration
allows the startup to
have more control over
pricing and margins.
Does this set a precedent

as a strong way for
consumer goods to
succeed?
A BET ON DISCOUNTING: the direct-from-manufacturer model
As discount e-commerce startups Wish and Hollar emerge, a new direct-from-manufacturer
model emerges to the forefront for inexpensive goods
THE DIRECT-FROM-MANUFACTURER MODEL
E-Commerce platforms like Wish and Hollar that sell mostly low-ticket items
directly from manufacturers, at a highly reduced price have gained steam
DISCOUNT KINGS MAKING HEADLINES
HERE’S WHY E-COMMERCE APP WISH
RAISED $1 BILLION IN TWO YEARS
December 6, 2016
Sources: recode, Forbes, Fast Company, Entrepreneur www.cbinsights.com 37

WISH AND HOLLAR GAIN MOMENTUM
Valuation: $3B
Valuation: $400M
Valuation: $17.8M Valuation: $47.9M Valuation: $98.4M
INVESTORS BET ON DISCOUNT PLATFORMS SMART MONEY
INVESTS IN WISH AND
HOLLAR
Top investors have

caught onto the discount
/ direct-from-
manufacturer model.
Hollar has attracted

several smart money
investors including KPCB,
Lightspeed Venture
Partners, and Index
Ventures.
Smart money investor

Founders Fund has
invested in Wish.
Each green line indicates one investment deal. Smart money investors are highlighted in yellow. www.cbinsights.com 39
CAN CONSUMER GOODS DO THE SAME?
Startup Beauty Pie is selling luxury makeup directly from manufacturers at a highly discounted price.
SOURCING DIRECTLY DROPS PRICE
“To expect a woman to pay

anywhere between 10 and 30
times more than a product
actually costs to make . . . is just
archaic to me”
Marcia Kilgore
Founder, Beauty Pie
Source: Financial Times www.cbinsights.com 41

BIG TICKET: rise of expensive purchases online
Startups focusing on the sale of used cars, furniture, and even jewelry have become notable
ONLINE USED CAR SALES PROLIFERATE USED CAR BUYING
EXPANDS
As the concept of online

used car buying
proliferates, it has also
expanded into many
business models.
Some online used car

buying platforms operate
on a B2C basis, while
others are B2B or P2P.
Source: 2017 Manheim Used Car Market Report www.cbinsights.com 43

STARTUPS
CAPITALIZING WITH
NEW RETAIL AUTO
MODELS
Startups like Vroom and
Shift are attempting to
cut out middlemen in the
used car space.
These startups have

capitalized on consumer
dissatisfaction and
mistrust in the old
dealership marketplace
by creating a consumer-
friendly and convenient
business model.
CHINESE INVESTORS POUR IN CASH TO ONLINE USED CAR STARTUPS
Bubble sizes represent total funding raised
$960M $650M $255M $250M
Uxin Pai Guazi Souche RenRenChe

B2B and B2C platform P2P platform P2P platform P2P platform
Bubbles represent total funding raised. www.cbinsights.com 45
ON VROOM’S CUSTOMER EXPERIENCE . . .
“ . . .[we] simplify the buying

process so they can pull the
trigger without haggling and
paperwork. The car is delivered
to your front door.”
Paul Hennessey
Chief Executive Officer, Vroom
Source: TechCrunch www.cbinsights.com 46

WHO ELSE IS SELLING CONSUMER DURABLES ONLINE?
While mattress startups are well-known, other companies are offering furniture, jewelry, and
even high-end luggage.
ON THE MOTIVATION TO CREATE MAIDEN HOME
“[Big box retailer] designs were

generic–it seemed like
everyone had the same sofa! . .
Our business is entirely
customer made to order . . .”
Nidhi Kapur
Founder, Maiden Home
Source: Forbes www.cbinsights.com 48

FRONTIER TECH: the cutting edge of AI, VR, and AR
AI, VR, and AR are already being adopted by many e-commerce players — how will it evolve
going forward?
MEDIA DISCUSSION OF AI AND E-COMMERCE AI E-COMMERCE BUZZ
2012 – 2017 YTD (6/13/17) CONTINUES UPWARD
As artificial intelligence
and machine learning
advance in capabilities,
companies are looking
for ways to harness such
technology other than
through reactive
chatbots.
Some of these new uses

include visual search
recognition, natural
language processing,
and 3D body imaging.
BEYOND CHATBOTS: AI IN COMMERCE MARKET MAP 40+ COMPANIES USING
AI IN COMMERCE
Startups are using

artificial intelligence and
machine learning in a
variety of ways to aid in
e-commerce, from sizing
& styling to real-time
product targeting to
natural language speech,
and more.
BEYOND CHATBOTS: AI IN COMMERCE MARKET MAP HOT AI USE-CASES
THAT GO BEYOND
CHATBOTS
Newer use-cases for AI
include natural language
search, visual search,
and sizing & styling.
Recent deals include a

$15M Series B to natural
language processing
startup Twiggle, a $2M
angel investment to deep
learning sizing and fitting
company Invertex, and a
$2M seed round to visual
search startup GrokStyle.
MORE RELEVANT SEARCHES
Description: Twiggle employs machine leaning and natural

language processing in order present more relevant results
to shoppers.
Select Investors: Alibaba Group, Naspers
FORGET STYLISTS AND TAILORS
FINDMINE uses AI to scale the Invertex uses 3D scanning Bold Metrics (fka Fashion
task of completing looks and technology and AI capabilities to Metric) uses machine learning
outfits for customers across a help shoppers find the correct to predict custom clothing
company’s entire product sizing and fit for different measurements for online
offering. clothing products, like shoes. customers.
Disclosed Funding: $1.76M Disclosed Funding: $2M Disclosed Funding: $120K
Select Investor: XRC Labs Select Investor: Permoda Select Investor: Techstars
VISUAL SEARCH ON THE RISE
MEDIA DISCUSSION OF VR AND AR WITH E-COMMERCE VR AND AR BUZZ HITS
2012 – 2017 YTD (6/12/17) THE E-COMMERCE
SECTOR
As virtual reality and
augmented reality
advance into numerous
fields, the technology has
found its way into the e-
commerce sector.
Startups are integrating

VR and AR technology in
product demos from
auto to fashion to beauty,
and more.
VR AND AR HIT THE E-COMMERCE HEADLINES
VIRTUAL REALITY LETS CHINESE CUSTOMERS SHOP MACY’S
NEW YORK STORE ON THE WORLD’S BIGGEST SHOPPING
DAY
November 11, 2016
Sources: Quartz, Entrepreneur, Forbes, Drug Store News www.cbinsights.com 57

BIG TICKET E-
COMMERCE COMBINES
WITH VR / AR
Used car startup Vroom is

using VR technology to
test out a new type of
virtual auto showroom.
Modsy, a startup focused

on 3D visualization, uses
AR technology to help
users visualize design and
furniture placement ideas
in the context of their own
homes.
AUGMENTED REALITY
MOVES INTO LIFESTYLE
E-COMMERCE
Apollo Box, a startup

focused on selling
eclectic lifestyle products
to customers online, has
used AR technology to
help customer interact
with products in 3D.
The startup now offers

the technology to other
brands that sell on its
site.
AR BEAUTY STARTUPS
PARTNER WITH
CORPORATES
Augmented reality
beauty startups
Modiface and Perfect
Corp (which operates
YouCam) have partnered
with large corporates
including Sephora, Estée
Lauder, and L'Oréal.
CORPORATE CASH: where the big players are
investing
In an effort to stay on top, large corporates such as Amazon, Walmart, and Target are
investing in certain e-commerce startups
CORPORATE AND CVC
E-COMMERCE CORPORATE AND CVC ANNUAL GLOBAL
DEALS AND DOLLARS
FINANCING HISTORY 156 ALSO PICK UP THE
2013 - 2017 YTD (6/16/17) 156 (Full-Year Run Rate)
PACE IN 2017
136
Corporate and CVC
118 119 funding trends roughly
follow the same trend as
$5,834 overall funding to the
category.
72
A mega-round to Flipkart,
which included corporate
investors such as eBay
and Microsoft, accounts
for much of the dramatic
funding spike.
$2,118 $4,120 $5,115 $3,391 $2,685
2013 2014 2015 2016 2017 YTD

Disclosed Funding ($M) Deals
E-COMMERCE ANNUAL GLOBAL EXITS ACTIVITY 2017 SEES UPTICK IN
2013 – 2017 YTD (6/8/17) RATE OF EXITS AS
CONSOLIDATION
INCREASES
After a decline in 2016,
10
2017 has witnessed a
new flock of recent exits,
8
including the IPO of
1
Carvana.
Nevertheless, the total

7
190 5 number of exits for 2017
154
142 is not expected to
surpass 2015 totals.
88 78 Additionally, not all exits
represent ideal outcomes
for startups (i.e.
2013 2014 2015 2016 2017 YTD
Souq.com’s down exit)
M&A IPO
SELECT CORPORATE INVESTMENT IN E-COMMERCE E-COMMERCE AND
May 2015 – May 2017 RETAIL GIANTS MAKE
THEIR BETS
Large corporate players

like Amazon, Unilever,
Target
Accelerator Alibaba Group have
Program
made investments and
acquisitions across a
variety of different e-
commerce startups
including large private
international players, as
well as direct-to-
consumer and
subscription-based
companies.
Green lines represent a single funding round and orange lines represent acquisitions www.cbinsights.com 64
CORPORATE INVESTMENTS: A CLOSER LOOK
D2C / SUBSCRIPTION
Acquisition
D2C / CONSUMER DURABLE

Investment
DISCOUNT
Acquisition
SOCIAL
Investment
LOOKING BEYOND: the future is predictive and
personalized
Corporates are exploring ideas and technology that focus on Internet of Things auto-
replenishment, visual data analysis, and on-demand manufacturing
WALMART APPLIES FOR AUTO-REPLENISHMENT
IOT PATENT
Patent: Retail subscription in internet of

things environment
Holder: Walmart
Date of Application: October 19, 2016
Source: patent www.cbinsights.com 67

THE GROWTH OF THE INTERNET OF EYES
With the advent of technologies such as Amazon Echo Look or Google Lens, there will be more
visual data about our fashion sense, where we go, and what we look like, than ever before.
AMAZON PATENTS ON DEMAND PRODUCTION
Patent: Fulfillment of orders for items using 3d Patent: On demand apparel manufacturing
manufacturing on demand
Holder: Amazon
Holder: Amazon
Date Granted: April 17, 2017
Date Granted: June 5, 2017
Source: patent, patent www.cbinsights.com 69
CBINSIGHTS.COM
@cbinsights
nreddy@cbinsights.com

CB Insights Future of Ecommerce

Caricato da

Informazioni sul documento

Descrizione originale:

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

CB Insights Future of Ecommerce

Caricato da

Copyright:

Formati disponibili

THE FUTURE OF E-COMMERCE

Startups, new technologies, and corporate innovators shaping next

“With CB Insights we can quickly and reliably

See what other customers have to say at http://www.cbinsights.com/customer-love www.cbinsights.com 5

21 Emerging trends in e-commerce

61 Corporate cash: where corporate players are investing

66 Looking forward: the future is predictive and personalized

As demand has increased,

Source: Internet Trends 2017 - KPCB www.cbinsights.com 9

$1.78B $4.65B $5B

Source: Digital Commerce 360 , Business Insider

August 23, 2016

Sources: recode, Business Insider, TechCrunch, Forbes, WSJ www.cbinsights.com 11

$1.78B $4.65B $5B

Total Funding Total Funding Committed and Pledged

Source: Reuters www.cbinsights.com 12

Alibaba Geographic Heatmap of Investments Beyond China, Alibaba has

India United States

“The conclusion was, [the Indian e-

Source: recode www.cbinsights.com 14

The three largest deals

231 235 237 In Q1’17, e-commerce

Q1’17 had most dollar

primarily due to mega-

The US was home to only

“The rising cost of customer

Source: CMS Wire www.cbinsights.com 20

Despite past failures, is

Source: SUMOHeavy www.cbinsights.com 24

The company raised

Source: patent www.cbinsights.com 28

“If you look at China, even e-

Source: Digital News Asia www.cbinsights.com 29

While many consumer

Source: Internet Trends 2017 - KPCB www.cbinsights.com 31

. . . OTHERS ARE GOING D2C

Lola delivers feminine hygiene

Disclosed Funding: $11.2M Disclosed Funding: $71.5M Disclosed Funding: $23.7M

Does this set a precedent

Sources: recode, Forbes, Fast Company, Entrepreneur www.cbinsights.com 37

Valuation: $17.8M Valuation: $47.9M Valuation: $98.4M

Top investors have

Hollar has attracted

Smart money investor

“To expect a woman to pay

Source: Financial Times www.cbinsights.com 41

As the concept of online

Some online used car

Source: 2017 Manheim Used Car Market Report www.cbinsights.com 43

These startups have

$960M $650M $255M $250M

Uxin Pai Guazi Souche RenRenChe

“ . . .[we] simplify the buying

Source: TechCrunch www.cbinsights.com 46

“[Big box retailer] designs were

Source: Forbes www.cbinsights.com 48

Some of these new uses

Startups are using

Recent deals include a

Description: Twiggle employs machine leaning and natural

Select Investors: Alibaba Group, Naspers

Disclosed Funding: $1.76M Disclosed Funding: $2M Disclosed Funding: $120K

Startups are integrating