Instacart said it has raised $200 million as part of a new financing round led by existing investors Valiant Peregrine Fund and D1 Capital Partners. The investment comes as consumer demand for Instacart’s online grocery delivery and pickup services continues to grow and the company expands its marketplace with new and existing retail partners.
Second Avenue Capital Partners has provided a $35 million senior secured credit facility to a joint venture of Marquee Brands and CSC Generation in support of their newly acquired kitchenware retailer Sur La Table. Proceeds from the transaction are being used to provide additional working capital and support growth.
To allow for greater consumer choice as to whether they want to buy or lease merchandise, Rent-A-Center has entered a partnership with ChargeAfter that will allow retailers to add a preferred lease option to ChargeAfter’s consumer point of sale financing product.
Instacart has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience a surge in customer demand for grocery delivery and pickup.
Rosenthal & Rosenthal is a provider of financial services for the retail business, specializing in factoring, asset-based lending, purchase order financing and direct-to-consumer financing.
Macy’s has secured new financing to shore up its business, while revealing that its preliminary sales and earnings results for the first quarter included a loss and lower sales, although it said e-commerce and reopened stores are performing well.
Tuesday Morning said that the company has obtained a commitment from BRF Finance Co., LLC, an affiliate of B. Riley Financial, Inc., for $25 million of debtor-in-possession financing as required by the company’s current $100-million DIP agreement with its existing lender group. With this commitment, the company has secured commitments for a total of $125 million to support the continuity of operations during Chapter 11 proceedings.
Ember Technologies, manufacturer of a temperature controlled smart ceramic mug, has received debt financing from Crescent Cove Advisors. The transaction closed in the second quarter of 2019 and Crescent Cove provided all committed financing for the transactions.
Bonne O Holdings, a beverage system developer, recently closed on the final tranche of its $7.5 million in Series B financing.
QVC has refinanced its senior secured credit facility with a new amended and restated senior secured credit facility.
Qurate Retail Group’s HSN has selected Synchrony as its strategic provider of private label credit card services beginning in August 2019. HSN will replace its current financing provider with Synchrony’s services.
Stein Mart has extended and amended its existing revolving credit agreement with Wells Fargo Bank and its term loan agreement with Gordon Brothers Finance Company.
Epoca International has received additional funding for its Walmart-exclusive Tasty Housewares product line, according to Tiger Capital Group.
Sears Holdings Corp. has undertaken several initiatives to reconfigure its debt but warned that it would consider other options if the efforts fell short of its needs.
With the holidays approaching, Hayneedle is offering special financing options and real-time help via online chat to provide consumers an easier online shopping experience.
At Home has launched new branded credit cards as well as a new Insider Perks loyalty program to offer its customers exclusive shopping benefits and rewards.
Houzz, a home remodeling website and e-commerce retailer of home furnishings and housewares, has closed $400 million in Series E financing, with the deal led by ICONIQ Capital, as the company looks to accelerate its growth initiatives.
At Home is offering a new consumer financing program through Synchrony Financial. The two companies have reached a multi-year agreement to provide qualifying cardholders with dual card and private label credit cards beginning in spring 2017.
Vitamix is now offering a new payment plan for consumers interested in purchasing appliances from the high-end blender supplier. The…
Wayfair is offering new finance options for holders of its proprietary credit card. Now, Wayfair credit card holders can get…