# JackBe

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

- Industry: Software
- Headquarters: Chevy Chase, US
- Website: www.jackbe.com
- Total disclosed funding: $23M
- Latest round: Series D (Dec 16, 2008)
- Investors on record: 6

## About

JackBe, Corp. is a grocery technology company that specializes in a drive-thru grocery service, enhancing convenience for customers through an innovative mobile app for easy ordering.Founded in 2001, JackBe, Corp. is headquartered in Chevy Chase, US. The company offers a drive-thru grocery service, enabling customers to order groceries online for immediate pickup. In August 2013, the firm was acquired by Software AG. Over its operation, JackBe secured a total of USD 5.00 mn in funding, with the most recent round being a Venture Debt of USD 3.00 mn from Hercules Capital.JackBe Grocer operates primarily as an innovative drive-thru grocery service designed to streamline the shopping experience for customers. The company’s core offering is its mobile app, which allows users to order groceries from a selection of thousands of items, including fresh produce, pantry staples, and household necessities. Once an order is placed, customers can notify JackBe of their arrival using options such as 'I’m on my way!' or 'Already here!' This triggers the preparation of their order, which is then delivered directly to their vehicle upon arrival. By eliminating the need for in-store shopping and scheduling, JackBe caters to busy consumers, including parents, elderly individuals, and those recovering from surgery, who seek efficiency and convenience in their grocery shopping. The company primarily serves customers in Oklahoma, focusing on urban areas where busy lifestyles demand quick access to grocery essentials.JackBe Grocer generates revenue through direct-to-consumer transactions facilitated via its app, where customers place orders for groceries that are then prepared for pickup. The transaction structure is characterized by a straightforward pricing model, with customers paying for their selected items at the time of order placement. As a drive-thru only grocery store, JackBe eliminates the typical challenges of grocery shopping, such as substitution issues or lengthy wait times, thereby enhancing customer satisfaction and loyalty. While specific pricing details for individual products are not disclosed, the focus remains on a seamless experience where customers can obtain their groceries in as little as 10 minutes with no substitutions ever. This unique service model is central to JackBe's operational strategy, reinforcing their commitment to providing fast and reliable grocery solutions to their clientele.Following the acquisition by Software AG in August 2013, JackBe, Corp. is expected to leverage its recent funding to enhance its technological offerings and expand its market presence. The company is planning to develop new features for its mobile app to further streamline grocery ordering and enhance customer engagement. Additionally, JackBe is evaluating opportunities for expansion into new urban markets beyond Oklahoma to accommodate a growing customer base. The firm aims to utilize the funds raised in the most recent Venture Debt round to support these initiatives and ensure that they can meet the increasing demand for their innovative grocery solutions.

## Funding rounds

- Series D, Dec 16, 2008, $5M — Blue Chip Venture Company, Darby Overseas Investments, Intel Capital, Harbert Management, Core Capital Partners
- Series C, Oct 24, 2007, $9.5M — Blue Chip Venture Company, Darby Overseas Investments, Intel Capital, Harbert Management, Core Capital Partners
- Series B, Nov 17, 2005, $6.5M — Blue Chip Venture Company, Darby Overseas Investments, Intel Capital, Maryland Department of Business and Economic Development
- Series A, Jul 27, 2004, $1.8M — Darby Overseas Investments, Intel Capital

## Investors

- Darby Overseas Investments (https://capitalatlas.ai/funds/darby-overseas-investments) — Series A, Series B, Series C, Series D
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B, Series C, Series D
- Blue Chip Venture Company (https://capitalatlas.ai/funds/blue-chip-venture-company) — Series B, Series C, Series D
- Maryland Department of Business and Economic Development — Series B
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series C, Series D
- Core Capital Partners — Series C, Series D