L Catterton invests in Glance to support global AI shopping expansion
The consumer investment firm will support the InMobi-backed platform's international growth, particularly in the United States.
L Catterton has made a strategic investment in Glance, the InMobi-backed AI shopping platform. The investment amount was not disclosed.
From product discovery to purchase
Glance personalises shopping recommendations across smartphones, connected televisions and other digital environments. Its technology uses consumer interests and preferences to help users discover relevant products and move toward purchase.
The company reaches consumers through partnerships including Samsung, Motorola and DIRECTV. Naveen Tewari is its founder and chief executive.
Expansion in the United States
L Catterton plans to support Glance's international expansion, particularly in the United States, with consumer industry expertise, operating support and its global network.
The transaction adds a consumer-focused investment partner as Glance develops its agentic commerce platform.
Use of funds
Global expansion, particularly the United States