# ChargeItSpot

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

- Industry: Consumer Services
- Headquarters: Philadelphia, US
- Website: www.chargeitspot.com
- Total disclosed funding: $5.3M
- Latest round: Series A (Dec 21, 2015)
- Investors on record: 3

## About

ChargeItSpot LLC provides innovative device management and charging solutions, primarily through its ARC intelligent locker system, enhancing operational efficiency for businesses across various sectors.ChargeItSpot LLC, founded in 2012 in Philadelphia, US, specializes in device management solutions. The company, led by CEO Douglas Baldasare, has successfully completed 6 deals, with their latest funding round occurring in October 2024. ChargeItSpot raised USD 19.8 mn from Montclair State University Foundation and other investors, bringing the total amount raised to USD 19.8 mn.ChargeItSpot specializes in device management and charging solutions, with its core product being the ARC intelligent locker system. This advanced locker system is designed to streamline device management for businesses by securing a fleet of devices and enabling employees to access them quickly and efficiently. By addressing issues related to device loss and mismanagement, ARC enhances productivity and operational efficiency across various sectors. The company serves a diverse client base, including large retailers, supermarkets, and airlines, who utilize these lockers to manage devices for their employees effectively. ChargeItSpot's products are primarily sold in North America, with a growing footprint in additional international markets, catering to organizations that require reliable device management solutions to support their operations.ChargeItSpot generates revenue through partnerships and direct sales of its ARC intelligent locker system and associated services to businesses. The transaction structure typically involves B2B arrangements, where clients purchase or lease the lockers as part of a comprehensive device management solution. Through these partnerships, customers gain access to the ARC system, allowing them to improve their device tracking and management processes. ChargeItSpot's revenue is bolstered by recurring service agreements that may include maintenance and support for the lockers. Pricing plans for their flagship product, the ARC lockers, are tailored to meet the specific needs of each client, reflecting factors such as the scale of deployment and service level agreements.In October 2024, ChargeItSpot LLC raised USD 19.8 mn in venture funding, which will be utilized to advance device management for retailers. The company plans to enhance its ARC locker system through upcoming product innovations aimed at improving user experience. Additionally, ChargeItSpot is targeting expansion into new geographic regions, with specific plans to enter select international markets by the end of 2025.

## Funding rounds

- Series A, Dec 21, 2015, $5.3M — Robin Hood Ventures, SeedInvest, LLC, SoundBoard Venture Fund

## Investors

- Robin Hood Ventures (https://capitalatlas.ai/funds/robin-hood-ventures) — Series A
- SeedInvest, LLC — Series A
- SoundBoard Venture Fund (https://capitalatlas.ai/funds/soundboard-venture-fund) — Series A