Herzog represented Dropit Shopping

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Herzog represented Dropit Shopping

31 October 2022

We represented Dropit, a retail technology platform that bridges the digital divide by unifying merchants’ online and in-store inventories, in its $25 million Series C round. Dropit’s Series C round was led by Vault Investments, with participation from Tiga Investments, Axentia, Sugarbee and others, including former Macy’s CEO Terry Lundgren, who sits on Dropit’s board of directors.
By integrating Dropit’s smart-sourcing technology, brands can leverage their existing network of physical store locations to sell all available inventory, avoid wasting product and reduce the environmental impact of high carbon emissions.

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