About Promenade
Promenade is a company based in Santa Monica (United States) founded in 2010 by Gregg Weisstein and Farbod Shoraka. It operates as a SaaS (Software-as-a-Service). Promenade has raised $11 million across 1 funding round from investors including B. Riley Financial. Promenade has completed 1 acquisition, including Floom. Promenade offers products and services including Promenade Ecommerce Platform, BloomNation for Florists, Promenade for Restaurants, Promenade for Liquor Stores, and Promenade for Butcher Stores. Promenade operates in a competitive market with competitors including Medallia, BloomReach, eGain, Paystone and CloudCherry, among others.
- Headquarter Santa Monica, United States
- Founders Gregg Weisstein, Farbod Shoraka
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Sectors
Retail
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$11 M (USD)
in 1 rounds
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Latest Funding Round
$11 M (USD), Series B
Feb 03, 2021
- Investors
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Promenade
Promenade offers a comprehensive portfolio of products and services, including Promenade Ecommerce Platform, BloomNation for Florists, Promenade for Restaurants, Promenade for Liquor Stores, and Promenade for Butcher Stores.
An ecommerce platform is provided for local businesses.
A floral POS system is offered for florists.
A comprehensive solution is provided for restaurant businesses.
A tailored solution is offered for liquor stores.
A specific solution is designed for butcher shops.
Funding Insights of Promenade
Promenade has successfully raised a total of $11M through 1 strategic funding round. The most recent funding activity was a Series B round of $11 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Promenade
Promenade has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include B. Riley Financial.
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Mergers, acquisitions, capital raising, and strategic advisory services are provided.
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Investor details for Promenade
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Investments & Acquisitions by Promenade
Promenade has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Floom.
Investment portfolio details for Promenade
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- Portfolio identities
- Transaction dates
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Floom is operated as an online flower delivery marketplace.
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Complete acquisition details for Promenade
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- Transaction dates
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Financial Statements - Promenade
Detailed financials for Promenade
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Promenade Comparisons
Peer comparison for Promenade
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Competitors of Promenade
Promenade operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Medallia, BloomReach, eGain, Paystone and CloudCherry, among others.
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Medallia is focused on customer and employee experience management.
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SaaS-based product discovery and personalization for e-commerce are provided.
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SaaS-based customer management software solutions are offered for retail businesses.
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Customer engagement solutions for businesses are provided by Paystone.
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Customer experience management software
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Crowdsourced customer service platform is provided on-demand for issue resolution.
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Detailed competitors of Promenade
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Latest news on Promenade
Complete news archive for Promenade
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Frequently Asked Questions about Promenade
Promenade was founded in 2010 and raised its 1st funding round 11 years after it was founded.
Promenade is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Farbod Shoraka is the current CEO of Promenade. They have also founded this company.
Promenade is a funded company, having raised a total of $11M across 1 funding round to date.
An ecommerce platform is offered by Promenade to empower local businesses such as florists, restaurants, liquor stores, butcher shops, and pet stores. Solutions are tailored to specific industries, ensuring mobile-friendly, SEO-optimized storefronts. Online revenue growth is supported through intuitive shopping experiences and business management tools. Marketing services are also provided to enhance customer reach and conversion. The platform is designed to drive qualified traffic and increase sales for small, local merchants across various sectors.
Promenade's top competitors include BloomReach, CloudCherry and eGain.
Promenade offers Promenade Ecommerce Platform, BloomNation for Florists, Promenade for Restaurants, Promenade for Liquor Stores, and Promenade for Butcher Stores.
Promenade has made 1 acquisition, including Floom.
Promenade has 1 investor. Key investors include B. Riley Financial.