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Grabango
Checkout-free tech for grocery and convenience stores
- 101-200 employees
- Retail
- B2B
- Internal tools
- Productivity
- Payments
- SaaS
- Downtown Berkeley, Berkeley, CA
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Company mission
To eliminate lines and save people time.
24% employee growth in 12 months
Our take
The relative inefficiency of queueing and payment compared with online shopping threatens to drive away custom from brick-and-mortar retail. Therefore stores need to innovate quickly. Grabango is at the cutting edge of developments in retail technology. Their cashier-less checkout system offers stores a cost-cutting and efficient solution to purchasing, creating a frictionless shopper experience.
Since Amazon launched its Amazon Go Store in 2018, the race has been on to develop the new standard in cashierless shopping. Competition is stiff, especially with retail giants like Walmart and 7-Eleven joining the collection of companies partnering with rival cashierless startups. Grabango’s edge so far has been to retrofit existing stores and their technology without the need for full remodeling.
2022 funding allowed the company to open six new stores in Tucson, AZ, which marks the largest rollout of retrofit checkout-free tech to date. Grabango also recently announced a partnership with BP in ten locations, and MAPCO for two more locations. These strategic partnerships will accelerate the growth of the company, placing it well for success.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Health is priceless. We offer gold- and platinum-tier medical and dental benefits, with multiple options so you can select the plan that best fits your needs
- We believe in shared ownership so everyone at the company benefits from our success. All full-time employees become part-owners of the company
- Grabango is solving difficult technical problems in order to benefit hundreds of millions of shoppers around the world. Technology is at its best when it appears so simple as to feel like magic
- Our offices are conveniently located near the Downtown Berkeley BART Station. We also offer tax-free commuter benefits for a variety of transportation and parking options
- Relax with colleagues and Grabango guests at one of the many bars and restaurants in the Downtown Berkeley area — or on our virtual happy hours when working from home
Company values
- Integrity: Do the right thing, particularly when you don't have to
- Bold Innovation: Think recklessly, but temper your actions with pragmatism
- People Matter: Hire the best, and treasure them
- Don't Live with Broken: Have the courage to admit mistakes, and the urgency to correct them
- Customer Focus: Deliver beyond expectations, both internally and externally
- Inclusion: Foster an environment that welcomes all
- Simplify: Everything should be made as simple as possible, but not simpler
Funding (last 2 of 5 rounds)
Nov 2022
$20.6m
CONVERTIBLE
Jun 2021
$39m
SERIES B
Total funding: $85.1m
This company has top investors
Leadership
Will Glaser
(CEO)Was Founder & VP of Engineering at Hydra Systems. Founded and was CTO & COO of Pandora. Founder & Owner for 22 years of Will Glaser Consulting. Is on the Board of Directors of Blue Shield of California.