/Companies

Crave Retail

Techstars '19

Austin, US · Founded 2021 · Delaware corporation · 20 employees on LinkedIn · 4 known investors

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Crave Retail provides a retail operations and customer engagement platform for physical stores, combining in-store and mobile experiences to track shopper journeys and optimize service. The platform uses RFID and service routing technology to connect fitting rooms, sales floors, and mobile devices into a unified system for retail teams.

Also known as Crave

Founders & leadership

Crave Retail was founded in 2021 by Matthew Cyr.

MCMatthew Cyr
Matthew CyrCEO | FounderMatthew Cyr spent seven years in retail operations across North America and later expanded Skechers' business throughout Southeast Asia including Singapore, Malaysia, Hong Kong, and Japan. He is now CEO of Crave Retail, which provides an in-store operations and customer engagement platform using RFID and service routing technology for physical retailers.

Board

AB
Amir BehnamBoard director
GL
George LaubBoard director
DF
David FrazierBoard director

Investors · 4

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · funding news · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · research · frazier.vc · Not right? Tell us

Also in the syndicate · 2

Council TreeFrazier VC

Reported raises · per SEC filings

Form D private placements

$6.2M disclosed across 1 round · 2024

▶$6.2MraisedJul 2024 · 15 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Amir BehnamDirector
  • George LaubDirector
  • David FrazierDirector
  • Matthew CyrExecutive Officer, Director, Promoter
Offering amount
$8M
Amount sold
$6.2M
First sale
Jul 2024
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Sep 2026

Crave Retail is an Austin, Texas-based retail technology company that sells an in-store experience and intelligence platform for physical retail. Its core product line began with smart fitting rooms — interactive digital screens in the fitting room paired with mobile tools for sales associates — and has expanded into a platform spanning the fitting room, the sales floor and the shopper's phone. The company positions the product as making visible the part of the shopping journey between store entry and checkout: what a shopper wanted, what they tried on, what could not be found, and why they left.

The platform is organized into two products on a shared data layer. Crave Engage is the shopper-facing product, delivering digital shopping assistance across fitting room screens, the sales floor and mobile. Crave Assist is the associate-facing store operations product, providing live floor visibility, smart service routing, item lookup and consolidated shopper requests on a single device. Beneath both sits an intelligence layer built on session-level RFID data captured inside fitting rooms, which the company ties to service execution and conversion metrics, and which it markets as supporting merchandising decisions and conversion improvement for brick-and-mortar operators.

Founding story

Co-founder and CEO Matthew Cyr began his career on the store floor, starting as a store manager with Abercrombie & Fitch in 2008 and helping open stores in New York, before joining Skechers, where he co-developed the Commit to Convert training program and worked with the company's co-founder on growth across China and Southeast Asia. Across operations, planning and merchandising roles he found that retailers were accountable for conversion without tools to understand what drove it; a subsequent move into ecommerce technology, where the full customer journey could be mapped and tested, prompted him to start Crave to give physical stores comparable visibility, beginning with the middle of the shopping journey. Co-founder and CTO Amir Behnam, a University of Waterloo engineer who previously built enterprise retail commerce systems at GroupBy, architected the platform from its first code.

Business model

Crave Retail sells software and connected in-store hardware touchpoints (fitting room screens and associate mobile applications) to retail chains, deploying and supporting installations worldwide through a dedicated deployment organization.

Traction

Public figures cited by the company include 3,000+ live touchpoints, 32M+ shopper sessions, presence in 10+ countries, 11+ languages and seven years in market, with named brand deployments at River Island, Foot Locker and Fabletics.

Latest developments

The platform has been extended beyond smart fitting rooms into Crave Engage and Crave Assist, with a Store Agent experience referenced among the products shaped by the product organization. Leadership additions include Chief Deployment Officer Ken Mazzrillo, previously at RetailNext and AiFi, and Chief Product Officer Daniel O'Sullivan, previously at nCino.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

The company describes itself as the world's number one smart fitting room platform, citing more than 3,000 live touchpoints, over 32 million shopper sessions, deployments in over 10 countries and support for 11 or more languages. Investors categorize it under retail technology, in-store analytics and store management technology.

The company emphasizes operator experience (leadership with store-floor and retail operations backgrounds), production-scale deployments rather than pilots, and a single stack combining shopper-facing experiences, associate tools and session-level fitting room data. Investors cite fitting room intelligence and integration into store operations and data workflows as barriers to entry.

Technology

The platform combines interactive digital fitting room screens, associate mobile applications and session-level RFID capture inside fitting rooms. The RFID layer records what merchandise enters fitting rooms and links those sessions to service requests, associate response and conversion outcomes. Crave Assist adds smart service routing, live floor visibility and item lookup; the products share a single data layer.

Go-to-market

Direct enterprise sales to retail brands, with the website's primary call to action being a booked platform walkthrough; installations are handled by an in-house global deployment team.

Physical retail chains, particularly apparel and footwear brands operating fitting rooms; named deployments include River Island, Foot Locker and Fabletics.

Geography

Headquartered in Austin, Texas, with a distributed team across the United States, Canada (engineering led from Toronto) and South Africa, and deployments in more than 10 countries.

History

Sources place the company's founding in 2018 and describe roughly seven years of smart fitting room deployments in market. In July 2024 the company raised approximately $6.16 million in seed funding, with Frazier VC investing through its Fund IV alongside Techstars, RevTech Ventures and Council Tree. The product line has since broadened from smart fitting rooms into the Crave Engage and Crave Assist products and an RFID-based intelligence layer.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Countries with deploymentsJan 202610+
EmployeesJan 202611-50
HeadcountAug 202620
Languages supportedJan 202611+
Live touchpointsJan 20263,000+
Shopper sessionsJan 202632M+
Years in marketJan 20267 years

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 1

Companies working in the same space as Crave Retail.

Timeline · 2

launches, deals, and filings
Jan 2026
CEO Matthew Cyr named a Retail TouchPoints 40 Under 40 honoree

Co-founder and CEO Matthew Cyr is recognized as a Retail TouchPoints 40 Under 40 honoree.

source ↗

Jul 2024
Frazier VC invests in Crave Retail via Fund IV

Frazier VC made an investment in Crave Retail through Fund IV as part of an approximately $6.16M seed round, citing the company's fitting room intelligence and in-store data focus.

$6.2M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Crave RetailDelaware

▸Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Crave Retail do?
Crave Retail runs a smart fitting room and in-store experience platform connecting shoppers, store associates and retail systems.
Who founded Crave Retail?
Crave Retail was founded by Matthew Cyr in 2021.
Who are Crave Retail's investors?
Crave Retail's investors include Techstars, RevTech Ventures.
How much funding has Crave Retail raised?
Crave Retail has disclosed $6.2M raised across 1 round.
Where is Crave Retail headquartered?
Crave Retail is headquartered in Austin, US.