Total Funding
40
81
Total FundingVenture - Series Unknown raised
Growth Score 40 in past quarter
2 pts
Heat Score 81 in past quarter
10 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
Recent Milestones
Raised Funding Round
Jan 1, 1970
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Raised Funding Round
Jan 1, 1970
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Raised Funding Round
Jan 1, 1970
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50393
Runwaysale is one of the largest online retailers in Southern Africa. Operating stores such as RunwaySale and RunwayVIP.
- Elmien Hammerschmidt: Co-FounderPast Role: Woolworths, Sourcing Administrator
- Karl Hammerschmidt: Co-Founder & CEOPast Role: Clicks2Customers, Head of SME (ClixCentral)
About the Company
Runway is one of the biggest online retailers in Southern Africa. They use technology to disrupt the retail market that has long been dominated by a few large players - who enjoy some of the worlds highest retail margins. They have developed logistics and supplier integration platforms for the unique African market. Their focus is on
fashion/homeware and ultimately delivering price savings to the end consumer. This focus on "value" retail has resulted in them capturing a largely underserved and fast-growing middle-class customer base. With the continent enjoying some of the highest mobile penetration in the world - and smartphones becoming more common - the majority of their traffic is now from mobile.