AsiaNet 87795

NEW YORK, Jan. 28, 2021 /PRNewswire=KYODO JBN/ --

Replika Software, the turnkey social selling solution enabling brands to

empower their networks of social sellers to inspire and sell online, has

completed its Series A financing round with LVMH Luxury Ventures and L'Oréal

BOLD, both investment arms of their parent companies. The funding will enable

Replika to aggressively expand its global footprint of brands and industries

which can significantly benefit from creating new social selling channels. With

this financing, the company plans to continue investing in its technology,

introduce new breakthrough features and add to their team to support the rapid

adoption of the platform. Representatives from LVMH Luxury Ventures and L'Oréal

BOLD (Business Opportunities for L'Oréal Development) will be a part of

Replika's Board of Directors.

Photo - https://mma.prnewswire.com/media/1426842/Replika_PR_210123_v2.jpg

Kareen Mallet, Co-founder of Replika Software, said, "When we founded Replika,

we envisioned a future where every brand would be able to benefit from the

power of social selling. After concluding commercial arrangements with several

Maisons of LVMH and brands of L'Oréal, it is tremendously satisfying to see

that the investment arms of two of the world's most forward-thinking companies

have decided to invest in our vision. We're thrilled to have their support as

we enter this phase of growth and lead the industry towards humanizing online

shopping."

Replika's relationship with LVMH started in 2019 when the group discovered and

selected the solution to be highlighted at the Vivatech Innovation Awards.  The

company was then invited to participate in LVMH's accelerator, "La Maison des

Startups", at Station F and their business relationship has continued to expand

ever since, with deployments in both Europe and the US. The journey with

L'Oréal began when their Chief Digital Officer, Lubomira Rochet, a true

advocate of Social Commerce, identified Replika out of over 1,000 startups

exhibiting at Vivatech and she has continued to pave the way within the

organization for brand deployments across all divisions, in countries around

the world.

"The Series A financing builds on an exceptional year for Replika. We were able

to rapidly grow a roster of clients across several verticals, introduced

important programming and feature upgrades, while solidifying our management

team with key executive appointments.  We believe this funding will help us

shift the current online selling paradigm, not only in the fashion and beauty

industries, but in the broader healthcare, entertainment, travel and

electronics industries as well," -said Corey Gottlieb, Co-founder.

About Replika Software

Replika Software is an award-winning turnkey social selling software that

enables brands to activate their network of social sellers to sell online,

inspire on social media and connect with consumers anytime, anywhere. The

company is based in New York and Paris, at Station F. with La Maison Des

Startups/LVMH. Former Fashion Director from Neiman Marcus & Bergdorf Goodman,

Kareen Mallet, along with Advertising Executive & Serial Entrepreneur, Corey

Gottlieb, founded the company in 2016.

CONTACT: media@replikasoftware.com

Source - Replika Software Inc.