CPE News (1/26/2021) – BlackCart has reportedly raised US $8.8 million in Series A funding led by Origin Ventures with participation of Hyde Park Venture Partners, Struck Capital, Citi Ventures, 500 Startups and private investors.
In conjunction with the financing, Origin Ventures’ Prashant Shukla will join BlackCart’s board of directors.
Founded by Donny Ouyang, Toronto based BlackCart is a try-before-you-buy eCommerce platform company that enables shoppers to try without upfront commitment while boosting conversions and AOV for merchants.
In 2020, BlackCart secured a US $2 million seed financing led by Struck Capital.
photo credit: BlackCart