London-based retailer agnostic mobile app Slip has announced that it has closed £750k in a pre-seed fundraising round.
The investment came from established individuals and companies in the retail tech and startup space. Notable investors include Haatch Ventures, SyndicateRoom’s Super Angel fund, as well as angel investors from Alma Angels – an inclusive organisation of angel investors, which sets out to actively invest in and support female founders who are building companies on a global scale.
As per reports, female-founded companies receive only 2.3% of global VC investments. This number dropped further in the past year. At this point in time, the investment into Slip marks a huge feat.
Slip will use the proceeds of this pre-seed round to support all areas of product development ahead of the app’s official launch in the summer. Also, the funding will be used for the continued growth of the company. The company intends to revolutionise the retail experience for both consumers and retailers ahead of its summer launch.
Fred Soneya, Co-founder & Partner at Haatch Ventures said: “Slip has created a frictionless experience for retailers and their customers which allows retailers to capture in-store data, with an app for customers’ digital receipts. With our background in retail and e-commerce, we are brilliantly placed to provide hands-on support to Slip. We are thrilled to be backing Tash and Eddy at the start of their growth journey and very much look forward to working with them.”
Tash Grossman, Co-founder and CEO of Slip said: “We’re delighted to announce our £750k pre-seed fundraise with support from well-respected names in the retail tech and start-up sectors. At Slip we’re committed to transforming the e-receipt landscape so that consumers can enjoy a more seamless and sustainable shopping experience and retailers can gain a wealth of insights which will in turn help with future planning.”
Story behind Slip!
Tash Grossman and Eddy Herman founded Slip in 2021 to build an engaging customer product that allows retailers to capture in-store data. In 2020, Tash lost a receipt from Zara and couldn’t return her broken trousers at the store. Frustrated at the lack of digital alternatives, she decided to innovate this space and create a better in-store solution and came up with this idea.
Tash brings her experience in management consulting to shape and develop the direction of the business. Before founding Slip, Tash worked for award-winning business and digital transformation consultancy firm Gate One, where she advised some of the world’s most innovative and influential organisations, specialising in retail technology and innovation.
Notably, the company is backed by renowned retail experts with its advisory team having over a century of retail and IT experience at companies including Sainsbury’s, IBM, House of Fraser, Accenture, FARFETCH, John Lewis, Harrods and Arsenal FC.
What does Slip do?
Slip aims to innovate and simplify the retail experience for customers. The company does this by allowing users to receive digital receipts via QR codes. It captures everything related to the purchase, including the digital receipt, loyalty points and warranty information
The software behind the Slip app sets out to support retailers by providing powerful data and insights around consumer trends at the product level. Operating with a commitment towards sustainability, Slip aims to eliminate harmful non-recyclable receipts.
These receipts contain the same material as single-use plastic, thereby making them non-recyclable. Slip helps you save the planet by digitising these receipts.
With Slip, you can view and manage all your receipts in one place. You will never have to spell out your email address or lose an important receipt again through the retailer agnostic app. Besides this, Slip lets you access exclusive offers, discounts, rewards and benefits from your favourite retailers.