Foko
Latest round
- Seed
Last raised
- Sep 2017
Total raised
- $2M
Investors
- 3
About Foko
Founded in 2013 in Gatineau, Canada, Foko Inc. focuses on providing retail solutions. The company recently underwent an acquisition by WorkForce Software, LLC in May 2021 from BDC Capital, Canada Economic Development, Mistral Venture Partners, and Real Ventures, with undisclosed financial terms.Fokoretail specializes in providing innovative retail solutions designed to enhance customer engagement and streamline operational efficiency for businesses in the retail sector. Their core offerings include advanced point-of-sale systems, inventory management software, and customer relationship management tools. These products are tailored to meet the needs of a diverse client base, including both small businesses and large retail chains, allowing them to effectively manage transactions, track inventory levels, and analyze customer interactions. The solutions cater to various end users, such as retail managers, sales staff, and marketing teams, ultimately aiming to improve the shopping experience and drive sales growth.Fokoretail generates revenue through a combination of subscription-based services and direct sales of its software products to businesses in the retail sector. Clients typically engage in annual subscriptions for their software solutions, which provide ongoing updates and customer support, thereby ensuring businesses remain competitive within the ever-evolving retail environment. In addition to subscription models, Fokoretail also engages in direct sales transactions with retail chains that purchase their flagship point-of-sale systems and inventory management software outright. Pricing structures for these products vary based on the specific needs of the client, with tailored packages designed to meet the requirements of both B2B clients and direct-to-consumer transactions.Foko Inc. The company is currently designing new features for its software solutions, with plans for a release in late 2022. Additionally, Foko aims to penetrate markets in Asia and South America by 2023, tapping into the growing demand for retail technology solutions. The acquisition by WorkForce Software, LLC will provide the necessary resources to support these strategic initiatives.
Who invested in Foko
3 investors across 2 rounds
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Questions about Foko
Who invested in Foko?
Foko has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Foko raised?
Foko has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Foko last raise money?
Foko's most recent round on record is a Seed, in Sep 2017.
What does Foko do?
Founded in 2013 in Gatineau, Canada, Foko Inc.
Where is Foko headquartered?
Foko is headquartered in Gatineau, Canada.
Which VCs invest in companies like Foko?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Foko's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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