Grabango, the leading provider of checkout-free technology for existing grocery and convenience stores, announced that it has raised $39 million in Series B funding. The round was led by Commerce Ventures with participation from Founders Fund, Unilever Ventures, Honeywell Ventures, Rich Products Ventures, and WIND Ventures.
The new capital accompanies additional store deployments with existing and new customers in 2021.
Company: Grabango Co.
Raised: $39.0M
Round: Series B
Funding Month: June 2021
Lead Investors: Commerce Ventures
Additional Investors: Founders Fund, Unilever Ventures, Honeywell Ventures, Rich Products Ventures, and WIND Ventures
Company Website: https://grabango.com/
Software Category: Machine Learning
About the Company: Grabango is the leading provider of checkout-free technology for large-scale store chains. Grabango delivers a next-generation shopper experience and is the only retrofit, checkout-free solution live in the market today. The Grabango platform is a comprehensive, fault-tolerant system that accurately processes millions of simultaneous transactions. The system places no limits on who can enter the store, what can be sold there, or how the shelving is configured. Grabango was founded in 2016 by Will Glaser, who also co-founded Pandora Media.
Source: https://grabango.com/grabango-raises-39m-as-it-scales-up-its-checkout-free-technology/