E-commerce app Slice nets USD23m

Secured funding

Slice, a California-based e-commerce app, has received USD23m, in a funding round led by Rakuten, with participation from new investorsRussia Partners and NPD Group.

Existing investors Lightspeed Venture PartnersDCM and Innovation Endeavours also participated. Slice, which launched in 2010, helps users track and schedule around when packages will arrive. Slice will use the new funding to further develop its technology.

“Our massive growth over the past two years topped off with this round of financing validates our vision to solve consumer needs with services that go far beyond their expectations,” said Scott Brady, Slice CEO and co-founder. “We will continue to execute on that vision by supporting and evolving our products, growing our team and extending our APIs to partners, all with the ultimate goal of making life easier for consumers.”    

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