# Minnow Technologies

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

- Industry: Hardware
- Headquarters: Seattle, US
- Website: www.minnowpod.com
- Total disclosed funding: $6.4M
- Latest round: Seed (Apr 27, 2021)
- Investors on record: 4

## About

Minnow Technologies, Inc. is an innovator in secure food delivery solutions, offering modern locker systems that streamline the delivery process and enhance convenience for residents and property managers.Founded in 2017 and headquartered in Seattle, US, Minnow Technologies, Inc. specializes in smart food delivery lockers known as Minnow Pods. The company has undergone no significant pivots in its business strategy since inception. The founders, Steven Sperry and Yona Belfort, aim to revolutionize food delivery with their products. In April 2021, the company raised USD 3.00 mn in Seed funding led by Branded Hospitality Ventures, with participation from Elevate Capital, bringing the total amount raised to USD 3.00 mn. This funding round is part of a larger investment totaling USD 6.4 mn, with the most recent deal dated April 27, 2021.Minnow Technologies specializes in smart food delivery lockers branded as Minnow Pods, designed to enhance the efficiency and security of food delivery services. The Minnow Pod is a modern locker system that caters to residents and property managers looking for secure delivery solutions. The lockers enable users to track deliveries and pickups, reduce clutter, and mitigate the risk of theft or delivery errors. By integrating with various food delivery services, the Minnow Pod meets the evolving needs of urban living, ensuring that food remains safe and warm until retrieved. The company serves a diverse client base, including property managers in urban areas across the United States, such as Boston, Houston, and Austin.Minnow Technologies operates on a subscription-based revenue model, charging clients a monthly fee of USD 99 for access to the Minnow Pod service. This B2B framework involves direct transactions between Minnow Technologies and property management companies, where clients enter contracts for the lockers to enhance residents' living experiences. The integration of MinnowOS provides operational insights and notifications, ensuring optimal usage of the lockers and supporting client retention and satisfaction.Minnow Technologies plans to utilize its recent funding of USD 3.00 mn from the Seed round to support the development of new products aimed at expanding its market presence. The company is targeting growth in additional urban markets across the United States by the end of 2023, leveraging the insights gained from their recent funding to enhance product features and user experience. The investment will also facilitate the scaling of operations to accommodate increased demand for secure food delivery solutions.

## Funding rounds

- Seed, Apr 27, 2021, $3M — Elevate Capital, Branded Hospitality Ventures
- Seed, Aug 4, 2020, $2.2M — Portland Seed Fund, Elevate Capital, Lincoln Property Company
- Seed, Oct 29, 2018, $1.2M — Elevate Capital

## Investors

- Elevate Capital (https://capitalatlas.ai/funds/elevate-capital) — Seed
- Portland Seed Fund (https://capitalatlas.ai/funds/portland-seed-fund) — Seed
- Lincoln Property Company (https://capitalatlas.ai/funds/lincoln-property-company) — Seed
- Branded Hospitality Ventures (https://capitalatlas.ai/funds/branded-hospitality-ventures) — Seed