HomeFinTechGrabango: Raises $39M in Series B Funding

Grabango: Raises $39M in Series B Funding

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Grabango Raises $39M in Series B Funding

  • Grabango, a Berkeley, Calif.-based provider of checkout-free technology for existing grocery and convenience stores, raised $39m in Series B funding
  • The round was led by Commerce Ventures with participation from Founders Fund, Unilever Ventures, Honeywell Ventures, and WIND Ventures
  • The company intends to use the funds to expand its development team
  • The company is a provider of checkout-free technology for large-scale store chains
  • The system accurately processes millions of simultaneous transactions, places no limits on who can enter the store
  • To date, the company has signed five retail partners, each over $1 billion in revenue, including a global top-10 grocer and a Fortune-25 multinational
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