Grabango Co.
Latest round
- Series B
Last raised
- Mar 2021
Total raised
- $78M
Investors
- 15
About Grabango Co.
Grabango Co.Founded in 2016 and headquartered in Berkeley, US, Grabango Co. provides automated checkout systems for grocery and convenience retailers.32 mn.Grabango specializes in advanced automated checkout solutions designed to enhance the retail experience for both consumers and retailers. Their core product leverages artificial intelligence and computer vision to enable frictionless purchasing in retail environments, eliminating the need for traditional checkout lines. This technology is aimed primarily at grocery stores and convenience retailers, allowing customers to shop and leave without having to manually scan items or wait in line. The end users of Grabango's services include both consumers looking for expedited shopping experiences and retailers seeking to increase throughput and improve customer satisfaction.Grabango's revenue model is primarily based on partnerships with retailers and grocery chains that integrate their automated checkout systems. The company typically structures transactions through B2B arrangements, where retailers pay for the installation and maintenance of Grabango's technology within their stores. Revenue is generated through a combination of upfront fees and ongoing service agreements, which may include subscription-based pricing for software updates and technical support. This aligns with their flagship product, the automated checkout system, which is designed to enhance operational efficiencies for grocery and convenience retailers.Grabango Co. has plans to further innovate its automated checkout technology, with new products aimed at improving user experience expected to be launched in the near future. The company is also targeting expansion into additional urban markets across the United States, although specific locations and timelines have not been disclosed.
Who invested in Grabango Co.
15 investors across 3 rounds
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Questions about Grabango Co.
Who invested in Grabango Co.?
Grabango Co. has 15 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Grabango Co. raised?
Grabango Co. has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Grabango Co. last raise money?
Grabango Co.'s most recent round on record is a Series B, in Mar 2021.
What does Grabango Co. do?
Grabango Co. is a software company.
Where is Grabango Co. headquartered?
Grabango Co. is headquartered in Berkeley, US.
Which VCs invest in companies like Grabango Co.?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Grabango Co.'s stage. Their profiles are linked below.
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