Blackcart secures US $2M seed financing led by Struck Capital

CPE News (6/7/2020) – Blackcart has raised US $2 million in seed funding led by Struck Capital and with participation of 500 Startups Canada, Revel Partners, Mana Ventures, and private investors including John Keatley (former CFO of Klarna), Dean Bakes (investor of M3 Ventures), Natarajan Subbiah (VP Product of Yelp), and Ron Doornink (former President, Activision).

The financing closed in March 2020. Adam B. Struck has joined Blackart’s board of directors.

Toronto based BlackCart was founded on the premise of making the experience of online shopping less painful for customers, while enabling merchants to deliver the same fitting-room experience to consumers everywhere. Blackcart’s “Try-Before-You-Buy” platform enables shoppers to try without upfront commitment and only pay for what they keep. BlackCart assumes repayment risk including charge-back risk, with automated settlements regardless of reason.

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