# Adroit Worldwide Media

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adroit-worldwide-media

- Industry: Software
- Headquarters: Aliso Viejo, US
- Website: www.smartshelf.com
- Total disclosed funding: $11M
- Latest round: Series A (Jun 1, 2020)
- Investors on record: 3

## About

Adroit Worldwide Media, Inc. is an innovative technology firm that offers an AI-driven platform for optimizing procurement processes in construction, facilitating smart environments for material sourcing and inventory management.Founded in 2016 in Aliso Viejo, US, Adroit Worldwide Media, Inc. specializes in providing autonomous store solutions for construction firms. The company has successfully executed four deals, with the latest funding round being Series A, raising a total of USD 11.00 mn led by Impact Venture Capital on June 1, 2020. The founders include Emad Mirgoli, Kurtis Horn, and Rakoto Elysé, while Kevin Howard serves as the CEO.AWM specializes in providing an advanced AI-based platform that creates frictionless and smart environments for the procurement of building materials, tools, and consumables. Their core offering is an autonomous store solution that centralizes essential job site needs into a streamlined platform, catering specifically to enterprise customers. This innovative solution enables users to access all necessary products in one location, thereby enhancing operational efficiency and minimizing procurement time. AWM targets a diverse clientele, including construction firms and contractors, particularly in North America and Europe, where demand for automated procurement solutions is on the rise. Their products are designed to address challenges such as supply chain inefficiencies and labor shortages by automating material sourcing and inventory management.AWM generates revenue primarily through subscriptions and partnerships with enterprise customers. Clients engage with the company by integrating AWM's autonomous store solutions into their business operations, which may involve a recurring fee structure based on usage or access to the platform. The company's pricing model varies based on the scale and scope of services provided, potentially including tiered pricing for different levels of access or functionality. AWM's flagship products include their proprietary autonomous store technology, which offers unique value to their clients by optimizing procurement processes and enhancing on-site efficiency. This transaction structure is particularly appealing to construction firms, as it allows them to maintain a steady flow of materials while reducing overhead costs associated with traditional procurement methods.As of now, Adroit Worldwide Media, Inc. is focused on developing new products to enhance its autonomous store solution. The company aims to expand its services into additional markets in Europe and North America by the end of 2022. Recent funding from the Series A round will be utilized to support these product development initiatives and market expansion efforts.

## Funding rounds

- Series A, Jun 1, 2020 — Impact Venture Capital
- Series A, Oct 16, 2019, $11M — The Contrarian Group, Mark IV Capital, Impact Venture Capital

## Investors

- The Contrarian Group (https://capitalatlas.ai/funds/the-contrarian-group) — Series A
- Mark IV Capital — Series A
- Impact Venture Capital (https://capitalatlas.ai/funds/impact-venture-capital) — Series A