Shogun Valuation, Funding & Investors

Bloom & Wild is a London-based online florist founded in 2013 by Aron Gelbard and Ben Stanway, known for pioneering letterbox flower delivery designed for long-distance gifting, with more than 90% of orders sent between people in different locations. The company expanded across Europe through acquisitions of Bloomon in the Netherlands and Bergamotte in France. It now operates in eight countries under the Bloom & Wild, bloomon, and Bergamotte brands, positioning itself as one of Europe's largest online flower delivery services in a fragmented market with no dominant player.

THG PLC is an online retailer. It provides an end-to-end direct-to-consumer ("D2C") e-commerce solution for consumer brand owners under a Software as a Service, in addition to stand-alone services, including hosting, content creation and translation. Its business is operated through four businesses: THG Ingenuity, THG Nutrition, THG Beauty and Other. The company operates in the United Kingdom.

SIRCLO is a Jakarta-headquartered e-commerce enabler in Indonesia delivering omnichannel platforms for businesses. It provides SIRCLO Store and IbuSibuk for entrepreneurs alongside enterprise tools like SIRCLO Commerce, ICUBE for analytics, Sooplai for supply chain management, and Orami for parenting products. The company maintains offices in Bandung, Yogyakarta, and Surabaya to support brands expanding online across Southeast Asia. Listed on the Indonesia Stock Exchange since 2022, SIRCLO powers digital commerce ecosystems including payment gateway QQPAY and POS system Qasir.

Hungryroot is a Chicago-based personalized grocery delivery service using AI to recommend groceries, recipes, and meal plans based on user health goals. Launched in 2015, the platform offers branded and proprietary products like Black Bean Brownie Batter, available nationwide in the US. Hungryroot emphasizes sustainability and convenience with predictive technology matching individual dietary needs.

Contentstack is a San Francisco-headquartered composable Digital Experience Platform delivering headless CMS, commerce, and personalization capabilities. It powers content experiences for enterprises such as Vogue, Puma, and Wendy's via API-first architecture. A founding MACH Alliance member since 2020, Contentstack emphasizes microservices-based, cloud-native SaaS for scalable, high-traffic sites with integrations to Adobe and Salesforce.

Zola is a wedding planning platform that combines registry services, website builders, and vendor marketplaces. New York-headquartered since 2013, it equips couples with tools for invitations, guest lists, and photo sharing alongside cash funds for honeymoons and home goods. Zola partners with retailers like Crate & Barrel and West Elm to facilitate purchases from over 1,000 brands.

ADA is a Singapore-headquartered provider of AI-powered customer service automation platforms tailored for e-commerce brands across Asia. The company delivers end-to-end conversational commerce tools that handle marketing automation, content personalization, store operations, and messaging integrations with platforms like Shopify and Zendesk. ADA serves major retailers such as Zalora and Lazada, enabling real-time customer interactions through chatbots and voice assistants. With a focus on Southeast Asia, ADA supports multilingual capabilities in English, Bahasa, Thai, and Vietnamese to drive sales conversions and operational efficiency.

Constructor is a San Francisco-headquartered provider of AI-driven search and product discovery for enterprise eCommerce. The platform employs natural language processing and machine learning for search, recommendations, autosuggest, and quizzes, serving brands like Sephora, American Eagle, and Birkenstock. Founded in 2015, its remote workforce spans multiple countries and delivers revenue optimization across retail sites.

Vtex provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce plan, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. It generates maximum revenues from Brazil followed by Latin America and the rest of the world.

Gorgias is a customer service platform built for ecommerce merchants, integrating automation and AI across email, chat, SMS, voice, and social channels. It centralizes support tickets and uses macros for rapid responses. Founded in 2015, the San Francisco-headquartered company maintains offices in New York, Toronto, Paris, and other cities. Gorgias serves brands like Steve Madden, Glossier, and TUSHY as a certified B Corporation.

Postscript is a Toronto-headquartered e-commerce SMS marketing platform integrated with Shopify, BigCommerce, and Magento. The service enables brands to send automated text campaigns for abandoned carts, shipping updates, and promotions, featuring segmentation tools and A/B testing. Postscript provides real-time analytics on delivery rates, open rates, and revenue attribution. Adopted by over 30,000 DTC merchants including Brooklinen and Glossier, it processes billions in attributed sales annually. Founded in 2018, the company expanded into MMS capabilities and international markets including Canada, UK, and Australia.

Spryker is a headless commerce platform tailored for global enterprises handling B2B, B2C, and marketplace transactions. Adopted by over 150 companies across 200 countries, users include Toyota, Siemens, Hilti, and Ricoh. The Berlin-headquartered solution offers modular architecture for custom storefronts, order management, and payment integrations via spryker.com.

Auction Technology Group PLC is a digital marketplace operator that powers the discovery and sale of curated secondary goods through trusted online platforms. The Group operates curated auction and list-price marketplaces and provides value-added services, including seller marketing, integrated payments, shipping solutions, cross-listing capabilities, white-label auction technology, and partner network services. Its operations are organised into two reportable segments: Arts & Antiques and Industrial & Commercial, across which it operates multiple specialist marketplaces. The majority of revenue is generated from the Arts & Antiques segment. Geographically, it serves the United Kingdom, Mexico, Germany, and the United States, with the majority of revenue generated from the United States.

PharmEasy is a Mumbai-based online healthcare platform in India. Launched in 2015, it delivers medicines, diagnostic tests, and teleconsultations through a network of 150,000 pharmacies and labs across 1,200 cities. The company acquired Thyrocare in 2021 for pathology services and partners with HDFC Bank for financing, serving over 20 million users.

SendCloud is a Netherlands-based all-in-one shipping platform for e-commerce retailers. The Eindhoven-headquartered service integrates with carriers like PostNL, DHL, and UPS, enabling quick connections in about five minutes. It automates label generation, tracking, returns, and analytics, serving over 20,000 webshops across Europe to reduce shipping costs and improve delivery experiences.

Riskified Ltd has built a next-generation eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers. It generates revenue by granting merchants access to its eCommerce risk management platform and reviewing and approving eCommerce transactions for legitimacy. Its merchants include some of the ecommerce brands including Wayfair, Lastminute.com, SHEIN, and Macy’s. Its merchants operate in a variety of verticals, including Payments, Money Transfer & Crypto, Tickets & Travel, Electronics, Home, Fashion & Luxury Goods, General Retail and Food. The company derived maximum revenue from Israel.