Leap
Launches and operates omnichannel-enabled retail stores
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Company mission
To bring the world’s best and brightest brands to shoppers.
Employees
201-500
HQ Location
West Village, New York, NY
OTTA INSIGHTS
Otta's take on Leap
Sam Franklin
CEO of Otta
While the realm of online shopping has flourished, eCommerce brands have recognized the enduring value of engaging with shoppers in a physical setting. Addressing this demand head-on, Leap has taken the initiative to craft immersive retail experiences tailored for online brands.
Leap's contribution lies in its ability to swiftly establish brick-and-mortar retail stores for eCommerce brands, all while significantly curbing costs and minimizing associated risks. Collaborating closely with landlords, developers, and property brokers, Leap pinpoints optimal locations within top retail corridors and bustling shopping centers. Beyond this, Leap's integrated platform takes charge of essential elements like staffing and invaluable data insights.
A testament to its success, Leap experienced an astounding fourfold surge in sales during 2021, successfully inaugurating 50 stores across a diverse array of eight markets. This achievement stands as a precursor to the infusion of recent capital, poised to fuel Leap's ongoing expansion efforts.
Total funding - $79m
Last 2 fundraises
Jan 2022
$50m
SERIES B
Jun 2023
$15m
LATE VC
Company benefits
- Medical & Dental: Employees who work 30+ hours per week are eligible for medical, dental and vision benefits which include employer contributions. We offer individual, individual + spouse, individual + children and family programs
- Parental Leave: We offer expecting parents 12 weeks of paid time off to bond with their new family members and adjust to their new life
- Wellness Programs: All Leap employees are eligible for assistance in the areas of legal, financial, counselling and other programs at no cost through our Leap wellness program
- Unlimited PTO: We believe taking the time to refuel is important and offer unlimited PTO to corporate employees
- 401k: All Leap employees are eligible to participate in the company's 401 upon 60 days of employment. Our provider gives you access to a simplified investment selection platform that makes it easy to sign up and manage overtime
- Discount on Leading Brands: All employees recieve a 25-50% discount on purchases made from our leading brands
- Employee Referal Incentives: If an employee refers a qualified candidate, we'll reward them with cash if the candidate works for us
- Mass Transit Commute Assistance: Staff are able to make daily commute to work more convenient and affordable by paying for mass transit and parking expenses pre-tax
- Paid Sabbatical: Upon 10 years of service, full time employees receive four weeks of full paid time off
Company values
- Leadership: We believe in empowering those around us. It's about leading by example - always acting with empathy, humility, and a high degree of accountability
- Focus: Greatness is doing the little things well. We strive for success by focusing on the details that matter. There are no shortcuts to our approach, and we strive for success by prioritizing the work that will have the greatest impact on our brands and organization
- Innovation: We leverage technology, design, and expertise wherever we can to better engage customers. We make smart decisions and efficiently manage costs to create meaningful brand experience - without overlooking the fundamentals
- Integrity: We believe in creating high quality but unpretentious experiences which make our customers, brands, and staff, feel good, welcome and uncluded
Founders
Amish Tolia
(Co-Founder & CEO)Amish worked their way from investment banking to co-founding multiple companies, including Pear, Viking Investment Management and Brand Innovators Labs.
Jared Golden
(Co-Founder)An entrepreneur with experience building, advising and investing in companies in numerous spaces, Jared has co-founded multiple companies alongside Amish since 2009.
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