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Grabango Raises $39M As It Scales Up Its Checkout-Free Technology

Jun 07, 2021•about 4 years ago

Amount Raised

$39 Million

Berkeley

Description

Grabango, the leading provider of checkout-free technology for existing grocery and convenience stores, announced today that it has raised $39 million in Series B funding. The round was led by Commerce Ventures with participation from Founders Fund, Unilever Ventures, Honeywell Ventures, and WIND Ventures. All participants share Grabango’s vision for modernizing the retail industry and bring a broad range of strategic expertise to the enterprise.

Company Information

Company

Grabango

Location

Berkeley, California, United States

About

Grabango is the leading provider of checkout-free technology for large-scale store chains. Grabango delivers a next-generation shopper experience and is the only retrofit, checkout-free solution live in the market today. The Grabango platform is a comprehensive, fault-tolerant system that accurately processes millions of simultaneous transactions. The system places no limits on who can enter the store, what can be sold there, or how the shelving is configured. Grabango was founded in 2016 by Will Glaser, who also co-founded Pandora Media. For more information, visit www.grabango.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech