# Spocket

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

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.spocket.co
- Total disclosed funding: $1.2M
- Latest round: Series A (Aug 21, 2018)
- Investors on record: 4

## About

Spocket, Inc. is a Vancouver-based company offering an automated dropshipping platform that connects e-commerce retailers with suppliers primarily in the US and EU, enhancing product sourcing and fulfillment processes.Founded in 2017 by Saba Mohebpour, Spocket, Inc. operates from Vancouver, Canada, focusing on providing a streamlined dropshipping experience. The company has raised funding through two deals, the latest being a Series A round in August 2018, which secured USD 1.2 mn from investors including Mistral Venture Partners and Panache Ventures. The total amount raised by Spocket to date is USD 1.2 mn with a current valuation of USD 7.2 mn.Spocket’s core offerings revolve around an automated dropshipping platform designed to facilitate e-commerce operations by connecting retailers with a network of suppliers primarily situated in the US and EU. The platform allows online store owners to discover and source trending products from a diverse array of suppliers, thereby enhancing the product selection available to end-users. Spocket's primary aim is to streamline the dropshipping process through automation, providing tools for inventory management, order tracking, and fulfillment. This service caters to a global client base, including e-commerce entrepreneurs and small to medium-sized businesses, enabling them to sell high-demand products without needing to hold inventory. Spocket's geographical focus includes major markets in North America and Europe, where it aids merchants in accessing quality products that can be shipped quickly to customers, thereby enhancing customer satisfaction and operational efficiency.Spocket operates on a subscription-based revenue model, providing various pricing plans tailored to meet the needs of different business sizes and requirements. Clients can choose from a range of plans after an initial 14-day free trial, which allows them to explore Spocket's offerings without an upfront commitment. The subscription structure offers access to the platform's features, including product sourcing, automated order processing, and real-time inventory management. Business transactions typically involve online retailers subscribing to the service and subsequently sourcing products from Spocket's curated catalog to sell directly to consumers. This model not only simplifies the dropshipping process for users but also aligns with Spocket’s mission to enable seamless integration with popular e-commerce platforms.Looking ahead, Spocket plans to leverage its recent funding from the Series A round on August 21, 2018, to enhance its product offerings and expand into new markets. The company aims to introduce new features and tools by the end of 2023, while also targeting further growth in Europe and North America to strengthen its market presence. This approach aligns with their commitment to improving the dropshipping experience for e-commerce businesses worldwide.

## Funding rounds

- Series A, Aug 21, 2018, $1.2M — Plug and Play, Mistral Venture Partners, 7 Gate Ventures, Panache Ventures
- Seed, Apr 4, 2017 — 7 Gate Ventures

## Investors

- 7 Gate Ventures (https://capitalatlas.ai/funds/7-gate-ventures) — Seed, Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Mistral Venture Partners (https://capitalatlas.ai/funds/mistral-venture-partners) — Series A
- Panache Ventures (https://capitalatlas.ai/funds/panache-ventures) — Series A