L Catterton Invests In InMobi-Backed AI Shopping Platform Glance

L Catterton has invested in InMobi-backed Glance to support its U.S. expansion and AI shopping business; the investment amount was not disclosed.

• The companies did not disclose the investment amount or other terms; sources described the transaction as a fresh equity infusion.· 1 source
• Glance uses AI to recommend products across smartphones, connected TVs and other digital platforms, and has U.S. partnerships with Samsung, Motorola and DIRECTV.· 1 source
• Founded in 2019, Glance began as a smartphone lock-screen content service before moving into AI shopping; a separate report says it had nearly 200 million active lock-screen users in India in late 2022.· 2 sources