About Grabango
Grabango is a company based in Sacramento (United States) founded in 2016 by Will Glaser.. Grabango has raised $79.32 million across 4 funding rounds from investors including Commerce Ventures, Honeywell Ventures and WIND Ventures. Grabango offers products and services including Grabango App. Grabango operates in a competitive market with competitors including Mashgin, ITAB, Accel Robotics, Moltin and Everseen, among others.
- Headquarter Sacramento, United States
- Founders Will Glaser
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Sectors
Industrial Goods & ManufacturingRetail Technology
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Phone
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Website
*********
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Social
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- Legal Name Grabango Co.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$79.32 M (USD)
in 4 rounds
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Latest Funding Round
$55.21 M (USD), Series B
Jun 07, 2021
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Investors
Commerce Ventures
& 7 more
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Employee Count
Employee Count
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Products & Services of Grabango
Grabango offers a comprehensive portfolio of products and services, including Grabango App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for skipping checkout lines in stores
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Funding Insights of Grabango
Grabango has successfully raised a total of $79.32M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $55.21 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $55.2M
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First Round
First Round
(14 Mar 2017)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - Grabango | Valuation | Commerce Ventures | |
| Apr, 2020 | Amount | Series A - Grabango | Valuation |
investors |
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| Jan, 2019 | Amount | Series A - Grabango | Valuation | Propel Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Grabango
Grabango has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Commerce Ventures, Honeywell Ventures and WIND Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in retail and financial services technologies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Grabango
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Grabango
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Grabango Comparisons
Competitors of Grabango
Grabango operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mashgin, ITAB, Accel Robotics, Moltin and Everseen, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Computer-vision self-checkout solutions are provided for offline retailers.
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| domain | founded_year | HQ Location |
Self-checkout solutions are provided for retail businesses worldwide.
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| domain | founded_year | HQ Location |
AI-based automated checkout solutions are developed for offline retailers.
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| domain | founded_year | HQ Location |
Cloud-based online store creation and self-checkout solutions
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| domain | founded_year | HQ Location |
AI-based theft detection is offered for offline retail stores.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Grabango
Frequently Asked Questions about Grabango
When was Grabango founded?
Grabango was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Grabango located?
Grabango is headquartered in Sacramento, United States. It is registered at Sacramento, California, United States.
Who is the current CEO of Grabango?
Will Glaser is the current CEO of Grabango. They have also founded this company.
Is Grabango a funded company?
Grabango is a funded company, having raised a total of $79.32M across 4 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Mar 14, 2017.
What does Grabango do?
Grabango was founded in 2016 and is headquartered in Sacramento, United States. Automated checkout solutions are offered through a smartphone app for offline retailers in the retail technology sector. Products are scanned by shoppers using the app, followed by direct payments via various methods. Upon completion, customers exit the store and receive a digital invoice through the application. Operations focus on streamlining in-store transactions without traditional checkouts.
Who are the top competitors of Grabango?
What products or services does Grabango offer?
Grabango offers Grabango App.
Who are Grabango's investors?
Grabango has 8 investors. Key investors include Commerce Ventures, Honeywell Ventures, WIND Ventures, Unilever Ventures, and Founders Fund.
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