

September 2025
RETAIL TECHNOLOGIES
Brand Advocacy platform, Duel, raises $16M in Series A
Led by Molten Ventures and Bright Pixel Capital, the investment will supercharge Duelโs mission to help retail brands grow through the people who already love them.
Duel, the leading Brand Advocacy platform helping leading retail brands including Lush, ELEMIS, Victoriaโs Secret and Abercrombie & Fitch grow through their own fan and creator communities instead of traditional advertising, has raised $16 million in a Series A round. The funding was co-led by Bright Pixel and Molten Ventures, alongside existing investor Peter Bauer, founder of Mimecast.
Duel empowers brands to drive sustainable growth by activating their most powerful marketing asset: their existing brand fans. It enables brands to recruit, activate, and grow fully owned networks of creators – including professionals, amateurs and emerging talent – from their everyday customers who then generate authentic content, influence purchasing behaviour, and drive referrals across every social platform with personalised storefronts. The result is a measurable, always-on advocacy engine that turns real customers into a scalable growth channel.
The funding will fuel Duelโs growth across the US following its recent expansion to New York, expand its Enterprise AI-driven capabilities, and cement Brand Advocacy as the go-to philosophy for building todayโs most successful retail brands.
Paul Archer, CEO and co-founder of Duel, explains: โIn today’s hyper connected world in which social media is now twice the size of all other media channels combined and entirely user-generated, the most successful brands are the ones investing in people and in community, not in ads.
Because the truth is, a brandโs best marketers arenโt on their payroll – theyโre the customers already out there sharing and recommending the products they love.
We know from our own data that between a fifth and a third of a brandโs customers are already active creators, so at Duel, we help brands recruit, activate, and scale these authentic voices, turning everyday customers into powerful advocates who fuel measurable growth.โ
At the core of Duelโs solution is its Advocate Relationship Management platform – the single system of record for every type of advocate, from customers and creators to ambassadors and employees. It enables brands to track, engage, and reward advocacy behaviours in one unified platform and to run programs at scale, managing tens of thousands of advocates with the same resources that once supported only a few hundred.
Miguel Bagulho, Investment Director at Bright Pixel Capital, the tech investment arm of Sonae Group, adds: โWhat we see within our retailers and brand partners today is clear: the old model of short-term, transactional campaigns is losing effectiveness. The brands driving the strongest growth are those building durable communities and creating long-term value through their customers. Duel is championing this shift, turning advocacy into a systematic, scalable strategy. We believe Brand Advocacy will become one of the defining growth drivers of the next decade, not just in retail but across every sector and Bright Pixel is proud to back Paul and the Duel team as they lead this transformation.โ
Nicola McClafferty, Partner at Molten Ventures, says: โDuel is rewriting the playbook for how brands grow in the modern world. Performance marketing has become expensive, impersonal, and often ineffective. Duel provides an alternative that is better aligned to how consumers discover and engage with brands, and can transform the way that brands are built and marketed. Weโre thrilled to support Duel as they build a new category and reshape how modern brands grow.โ
Duelโs long-term vision extends beyond retail, aiming to make Brand Advocacy the standard philosophy for building companies across all industries, from B2B to music, hospitality, professional services, and entertainment.
Archer concludes: โMany companies still think they control their brand, when in reality it lives in the conversations happening every day among millions of customers on social media. The brands winning today are the ones that earn it – they loosen their grip, humanise themselves, and empower fans to carry the brand forward. Those that donโt do this wonโt survive the decade.
We give ambitious brands the system and expertise to turn that everyday advocacy into their most powerful growth channel – and with this investment, weโre only just getting started.โ
This Series A funding round brings Duelโs total funding to over $21 million to date.
About Duel
Duel is the Brand Advocacy Platform built for the new era of marketing. Designed for retail brands, Duel enables businesses to scale customer acquisition through real advocates, creators, and communities, transforming brand love into measurable growth. Learn more at duel.tech.
About Bright Pixel Capital
Bright Pixel Capital is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel Capital acts as a partner that brings specialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO.
About Molten Ventures
Molten Ventures is a leading venture capital firm in Europe, developing and investing in high growth technology companies. It invests across four sectors: Enterprise & SaaS; AI, Deeptech & Hardware; Consumer Technology; and Digital Health with highly experienced partners constantly looking for new opportunities in each. For more information, go to moltenventures.com