CPE News (11.11.2022) – BlackCart has closed a new round of financing. The company has yet to make any announcement on the financing, being either a Series A add-on or a Series B financing.
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.
BlackCart previously raised US $8.8 million in January 2021 in Series A funding led by Origin Ventures with participation of Hyde Park Venture Partners, Struck Capital, Citi Ventures, 500 Startups and private investors. BlackCart secured a US $2 million seed financing led by Struck Capital in 2020.
photo credit: BlackCart