ShopRunner acquires shopping app Spring
Just a few days after raising $40 million in new funding, Chicago-based e-comm company ShopRunner has acquired Spring, a mobile shopping app.
Founded in 2010, ShopRunner works with retailers to offer e-commerce features like two-day shipping, free returns and a more seamless checkout experience.
Currently ShopRunner offers millions of members free two-day shipping and returns and seamless checkout at 100-plus retailers (Kate Spade, Neiman Marcus, Bloomingdales, Cole Haan, Staples, etc.).
The acquisition of Spring is significant for a few reasons:
- The addition of Spring’s Network of 2,000+ retailers and 1M+ Users will lead to immense growth for ShopRunner
- Spring’s mobile-first focus will help ShopRunner enhance its mobile shopping platforms
“We have committed to catalyze a cross-retailer ecosystem to provide better shopping experiences for customers and provide retailers with opportunities to aggregate scale, acquire and retain customers, and otherwise grow their businesses,” said Sam Yagan, CEO of ShopRunner. “Spring expands both the retailer and member sides of our network and brings on board a team with unparalleled expertise in building innovative mobile commerce experiences.”
As ShopRunner enhances its mobile shopping platforms, it also aims to continue to equip its retail partners with products and data to grow their ecommerce businesses. With the combined products and member benefits, Spring customers will get access to the ShopRunner network, adding high-value millennial shoppers to ShopRunner’s industry-leading member base.