Skupos, a San Francisco, CA-based data platform serving independent convenience stores, brands, and distributors, raised $22 million in a funding round led by Brex Asset Management and SQN Venture Partners.
This new capital will help Skupos expand its footprint of independent convenience stores across new and existing markets.
The funding will also help Skupos continue to scale its product suite, expand and go to market, all while maintaining the industry's best customer success and support.
“As Skupos continues to scale up following a year of high growth in 2022, capital partners like Brex and SQN are vital in order to capitalize on the long-term business opportunity,” said Jake Bolling, Co-Founder and CEO of Skupos Inc. “We are thrilled to continue building and scaling industry-defining products and services, and look forward to this next leg of the journey.”
Skupos drives revenue growth across all segments of the convenience retail industry through technology that connects both retailers and brands to their shoppers.
Company: Skupos Inc.
Raised: $22.5M
Round: Unknown
Funding Month: March 2023
Lead Investors: Brex Asset Management and SQN Venture Partners
Additional Investors:
Company Website: https://www.skupos.com/
Software Category: Operations Optimization and Inventory Management
About the Company: Skupos is a SaaS offering for managing operations, inventory, and sales figures for convenience stores and distribution companies. The company provides in-house software which integrates real-time information regarding inventory status, ordering, and sales numbers and provides marketing opportunities. Its platform connects CPG brands and stores so that they can better serve their customers, make smarter decisions, and grow revenue. Founded in 2016, a growing network of 15,000+ customers across all 50 states rely on Skupos to boost sales volume and increase their customer base.
Source: https://www.skupos.com/press/funding-partners-2023/