Australia’s RangeMe Raises US$4M from US Venture Capitalists

SYDNEY, Australia 1 June 2016 – RangeMe, the global online marketplace that efficiently connects retailers with in-demand products and suppliers, has raised US$4 million led by well-respected US VCs including  Simon Equity Partners, Freestyle Capital and Transmedia Capital.

RangeMe was founded in Australia in 2013 and is the first-of-its-kind marketplace connecting retailers and consumer goods suppliers online. The technology platform allows easy product discovery for retailers, and boosts brand visibility and speed to market among suppliers. Since launch the platform has generated more than 40,000 product reviews by retail buyers resulting in products landing on retail shelves.

"This capital will enable RangeMe to further dominate the online product discovery space in Australia, New Zealand and the US ,” said CEO and Founder Nicky Jackson. “We’re experiencing exponential growth fueled by unprecedented product innovation in the consumer packaged goods industry. Investors have recognised our first-class platform, team and market leadership and have backed us to expand significantly. We are already working with over 15,000 unique and innovative suppliers and the investment will see us grow this number substantially.”

RangeMe has fostered relationships with well-known retailers including Coles, Metcash and Sigma in Australia; Target, Sam’s Club  and Winn- Dixie in the U.S.; and Countdown, Nosh and Huckleberry’s in New Zealand.

About RangeMe
RangeMe is the leading online platform that streamlines new product discovery between suppliers and retailers. The platform empowers retail buyers with an efficient way to discover innovative new products and manage the inbound new product submission process. For product suppliers and manufacturers, RangeMe gives increased control over the marketing of their products and greater access to retail buyers.

The company was founded by Nicky Jackson in 2014 based on her first-hand experience as a consumer goods entrepreneur. Nicky’s desire to achieve fast distribution for her line of baby skincare products inspired her to create an online platform to match sellers with buyers looking for products like theirs. Before launching RangeMe, Nicky worked as a marketing executive in Australia with top consumer goods companies including Kellogg’s, Pepsico and Jim Beam.