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Q2 2023

PitchBook Analyst Note: Takeaways From May E-Commerce Deal Activity

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The VC bets behind e-commerce trends

From B2B digitization to VR shopping, our latest analyst note breaks down the early-stage VC deals behind recent e-commerce trends:

  • While the sector has significant room for growth in Africa, supporting logistics and infrastructure are still catching up. Sabi’s $42.0 million round shows that some investors are willing to play the long game.
  • Checkmate’s mobile-first approach sets it apart from other discount aggregators and has earned it a $20.0 million seed round.
  • Despite near-term headwinds, Pietra’s $16.7 million round signals investors are still bullish on the creator economy.

Table of contents
Introduction 1
May e-commerce tech deals 2
Other notable deals 7
Recommended reading 7