Leap, a company that operates physical stores for brands seeking to get into brick-and-mortar, has secured $50 million in Series B financing.
The round was led by BAM Elevate with participation from new and existing investors including Harbor Spring Capital, Northern Trust, Simon, Costanoa Ventures, Hyde Park Venture Partners and Equal Ventures. The funds will be used to accelerate growth through investments in the company’s platform and store location network.
In 2021, the number of stores operated by Leap quadrupled to more than 50 in eight markets and the company now works with more than 30 brands including Naadam, Something Navy, Goodlife, ThirdLove, Lunya, Ring Concierge and Mack Weldon. The stores are located in New York City; Chicago; Los Angeles; San Francisco; Scottsdale, Ariz.; Florida, and Texas, and its reach has expanded beyond apparel and footwear to accessories, jewelry, intimates and home goods.WWD