SGVC | Commerce
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The Bouqs Co. Takes Floral Delivery Back To The Source

BY PYMNTS.COM | March 2nd, 2017

Though using the online channel to order flowers for delivery is nothing new, it’s safe to say that most consumers have no idea where those flowers are coming from and what the supply chain is that’s used to get that delivery from Point A to Point B.

But huge economic and environmental waste comes as a result of many of those flowers not even surviving long enough to make it through the traditional supply chain, and John Tabis, co-founder and CEO of The Bouqs Company, knew it was time for a change.

Read the full article here.

Flower delivery startup The Bouqs raises $24 million to grow past its many competitors

BY Sarah Buhr | TechCrunch | Jan 30th, 2017

There’s a field full of flower delivery services to choose from these days from the old school 1-800-flowers and FTD to startups popping up over the last few years like BloomThat, Farmgirl Flowers, UrbanStems and The Bouqs.

That last one just raised $24 million in Series C financing, bringing the total now to $43 million. The Bouqs doesn’t quite roll off the tongue but that fresh new funding puts it at the top of the heap in capital raised among on-demand flower startups.

Read the full article here.

Supplier Payments Score With Tipalti Funding Round

By PYMNTS | Sept 15, 2016

The supplier payment solution by FinTech firm Tipalti has attracted venture capitalists. The company announced on Wednesday (Sept. 14) that it closed a $14 million funding round led by SGVC.

SGVC Managing Partner Dovi Frances has also been announced as the latest addition to Tipalti’s board of directors, the company added.

“Thanks to this new funding round, we will expand our product, team and business to increase our market leadership position as the supplier payments automation solution of choice for finance organizations at global enterprises,” said Tipalti CEO and Cofounder Chen Amit in a statement. “We look forward to Dovi Frances joining our board of directors and contributing with his extensive experience in the FinTech world.”

According to its announcement, Tipalti will look to position its accounts payable tool across a broader range of corporate clients, including expanding its breadth of company sizes, industries and geographic regions. The investment will also go towards R&D, product development and customer support.

Tipalti’s sales and marketing efforts will also get a boost from the funding, the firm added.

“We are truly ecstatic to invest in Tipalti and add them to our growing portfolio of marquee FinTech companies who are changing the B2B payments and business finance landscape,” said Frances in a separate statement. “I am looking forward to helping the company accelerate their already significant growth trajectory and to watching them completely transform the way finance departments run their supplier payment operations.”

The $14 million raised follows $13 million in Series B funding secured in 2014, a round led by Wicklow Capital.

Read the Full Article on PYMNTS.COM Here.