# BufferBox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bufferbox

- Industry: Logistics & Distribution
- Headquarters: Mountain View, US
- Website: www.bufferbox.com
- Latest round: Seed (Aug 21, 2012)
- Investors on record: 1

## About

BufferBox is a Canadian startup that provides automated parcel delivery solutions through self-service kiosks, enabling consumers to securely retrieve their online purchases conveniently, anytime.BufferBox is a Canadian company specializing in automated parcel delivery solutions. It was co-founded by Jay Shah, Aditya Bali, and Mike McCauley. The firm is headquartered in Mountain View, US, and gained traction with its innovative kiosk system, which allows users to pick up packages securely. In 2012, BufferBox secured a TRADE SALE funding round, raising USD 17.00 mn from Google Inc. Total funds raised by the company amount to USD 17.00 mn.BufferBox specializes in providing unique parcel delivery solutions using a network of automated kiosks. Customers receive a unique BufferBox address for their online purchases and can pick them up at their convenience using an unlock code sent upon delivery. The service expanded beyond its initial University of Waterloo pilot to Greater Toronto Area, and locations like GO Transit stations, partnering with retailers such as Walmart Canada.BufferBox's revenue model is based on service fees from its parcel kiosk system, targeting individual consumers and retail partners. Users pay for package retrieval at kiosks, while retailers benefit from integrated logistics solutions. The company’s recognition came in 2012 when it secured funding from the Velocity Venture Fund, allowing for expansion prior to its acquisition by Google, enhancing its revenue potential through increased resources and market reach.Following its acquisition by Google in November 2012 for USD 17.00 mn, BufferBox aims to enhance its offerings and expand its kiosk network. Future growth strategies include launching new kiosk models designed for urban environments and targeting expansion into additional regions across North America by 2014. Funding from the acquisition will support the development of these new products and the establishment of kiosks in strategic locations.

## Funding rounds

- Seed, Aug 21, 2012 — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed