Retail app maker Tulip raises $40 million from Kleiner Perkins, others

(Reuters) - Canada's Tulip Retail, which makes an app for retailers, said on Tuesday it raised $40 million in a funding round led by venture capital firm Kleiner Perkins Caufield & Byers.

The Series B funding, which included existing investors such as Jump Capital, gives Kleiner Perkins' general partner, Mood Rowghani, a seat on the startup's five-member board.