# Buymie Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buymie-technologies

- Industry: Software
- Headquarters: Dublin, Ireland
- Website: www.buymie.eu
- Total disclosed funding: $10M
- Latest round: Series A (Jun 14, 2020)
- Investors on record: 8

## About

Buymie Technologies Limited specializes in providing a same-day grocery delivery service through its mobile application, enabling convenient and rapid access to groceries for busy consumers.Founded in 2015, Buymie Technologies Limited is based in Dublin, Ireland, and operates primarily in the grocery delivery sector. The company was co-founded by Artavazd Sokhikyan and Devan Hughes, who also serves as the CEO. Buymie has successfully raised EUR 17.6 mn in its latest funding round on May 15, 2022, which marks a significant milestone in its financial journey. The company has completed a total of 10 investment deals to date.Buymie offers a same-day grocery delivery service that allows customers to order groceries through its mobile application. The core product of Buymie is its grocery delivery service, which provides users access to a selection of approximately 40,000 products from retail partner Dunnes Stores. Users can browse through various grocery categories, select their desired items, and have them picked, packed, and delivered to their doorstep within an hour. The service is designed to address common consumer pain points, such as the need for fresh produce and timely delivery of grocery items. Buymie's target customers include busy individuals and families who value convenience and speed in their grocery shopping. The company operates primarily in Ireland and has plans for expansion into other geographical markets, including the UK and EU.Buymie's revenue generation model is predicated on transaction-based sales through its grocery delivery services, where customers place orders via the app and pay for selected items along with a delivery fee. The pricing structure may include free delivery for first-time users, which incentivizes new customer acquisition. Repeat customers are likely to engage in direct-to-consumer transactions, purchasing groceries on demand while benefiting from the convenience of a rapid delivery time frame. Each transaction generates revenue from both the products sold and delivery fees, contributing to the company's overall financial performance. This model supports Buymie's operational focus on providing timely and personalized grocery shopping experiences, allowing for sustained customer retention and growth within its service areas.Buymie's strategic growth plans include expanding its grocery delivery service into new markets, specifically targeting the UK and EU by the end of 2023. The EUR 17.6 mn raised in May 2022 will be utilized to enhance its mobile application and expand its logistics capabilities to support this geographic expansion. The company is also focused on enhancing its product offerings and optimizing the delivery process to improve customer satisfaction as it prepares to enter these new markets.

## Funding rounds

- Series A, Jun 14, 2020, $6.5M — ACT Venture Capital, Halo Business Angel Network, Sure Valley Ventures, Wheatsheaf Group
- Series A, Apr 28, 2020, $2.4M — ACT Venture Capital, Enterprise Ireland, Simple.ie, Halo Business Angel Network, Sure Valley Ventures
- Seed, Jan 10, 2019, $0.6M — Halo Business Angel Network, Haatch
- Seed, Dec 29, 2017, $0.5M — Enterprise Ireland, Crowdcube

## Investors

- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Seed, Series A
- Crowdcube (https://capitalatlas.ai/funds/crowdcube) — Seed
- Halo Business Angel Network — Seed, Series A
- Haatch (https://capitalatlas.ai/funds/haatch) — Seed
- ACT Venture Capital (https://capitalatlas.ai/funds/act-venture-capital) — Series A
- Simple.ie — Series A
- Sure Valley Ventures (https://capitalatlas.ai/funds/sure-valley-ventures) — Series A
- Wheatsheaf Group (https://capitalatlas.ai/funds/wheatsheaf-group) — Series A