Vori, an East Palo Alto, CA-based revolutionary digital B2B inventory management platform optimizing the grocery supply chain, announced that it completed $10 million Series A funding, Vori has raised $15.3 million to date.
The round was led by The Factory, a Silicon Valley-based venture fund focused on early-stage and deeply technical startups, and included participation from Greylock, E2JDJ, MKT1, and Vori flagship customer, Mollie Stone’s Markets – a San Francisco Bay Area family-owned grocery store chain.
The capital will be used to bolster its talent acquisition pipeline, expand its U.S. operations, and broaden its product offering - including its upcoming Vori Back Office solution, enabling more independent grocery retailers nationwide to benefit from its transformative supply chain technology.
Company: Vori, Inc
Raised: $10.0M
Round: Series A
Funding Month: Aug 2022
Lead Investors: The Factory
Additional Investors: Greylock, E2JDJ, MKT1, Vori flagship customer and Mollie Stone’s Markets
Company Website: https://www.vori.com/
Software Category: B2B Inventory Management
About the Company: Founded in 2019 by Stanford University alumni and has a team with over 100 years of grocery experience, Vori is the only modern operating system for the grocery industry. Its technology allows local and regional supermarkets to easily replenish their shelves, manage pricing, and control inventory right at their fingertips–empowering retailers to improve profitability and optimize labor. Vori enhances the retailer’s inventory management workflows by digitizing traditionally manual labor-intensive processes, undocumented knowledge, and colossal amounts of analog data. Vori’s solution enables grocers to benefit from reordering stock via scanning shelf tags, advanced technology, methods to ensure order quantities and price tags complement supplier cost changes and customer purchasing patterns, and real-time data visibility within a single interface to actuate collaboration among store staff and external trading partners. Vori is headquartered in East Palo Alto, California, and has team members across SF, LA, and Puerto Rico.
Source: https://www.vori.com/blog/series-a