About Shopic
Shopic is a company based in Tel Aviv (Israel) founded in 2015 by Eran Kravitz and Raz Golan.. Shopic has raised $52.6 million across 4 funding rounds from investors including Shufersal, IBI Investment House and Clal Insurance. Shopic operates in a competitive market with competitors including Supersmart, Henderson Technology, Store Power, Cust2Mate and Flow, among others.
- Headquarter Tel Aviv, Israel
- Founders Eran Kravitz, Raz Golan
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$52.6 M (USD)
in 4 rounds
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Latest Funding Round
$35 M (USD), Series B
Aug 09, 2022
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Investors
Shufersal
& 10 more
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Employee Count
Employee Count
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Funding Insights of Shopic
Shopic has successfully raised a total of $52.6M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in August 2022. 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 — $35.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series B - Shopic | Valuation | Qualcomm Ventures | |
| Jul, 2021 | Amount | Series B - Shopic | Valuation | Claridge Israel | |
| May, 2020 | Amount | Series A - Shopic | Valuation | IBI Tech Fund |
| 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 Shopic
Shopic has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Shufersal, IBI Investment House and Clal Insurance. 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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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Technology investments are managed through venture capital and private equity.
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Founded Year | Domain | Location | |
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Venture capital is provided to tech companies by Tal Ventures.
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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 Shopic
| 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 - Shopic
| 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 |
Shopic Comparisons
Competitors of Shopic
Shopic 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 Supersmart, Henderson Technology, Store Power, Cust2Mate and Flow, 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 |
AI-driven autonomous checkout systems for retail are developed.
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| domain | founded_year | HQ Location |
Provides EPOS systems for forecourts, convenience stores, and general retail operations.
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| domain | founded_year | HQ Location |
Delivers white-label app solutions for grocery chains and restaurants.
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| domain | founded_year | HQ Location |
Smart shopping carts are guided for list retrieval and self-checkout.
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| domain | founded_year | HQ Location |
App-based hotel and workspace accommodations are booked via mobile platform.
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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 Shopic
Frequently Asked Questions about Shopic
When was Shopic founded?
Shopic was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Shopic located?
Shopic is headquartered in Tel Aviv, Israel.
Who is the current CEO of Shopic?
Raz Golan is the current CEO of Shopic. They have also founded this company.
Is Shopic a funded company?
Shopic is a funded company, having raised a total of $52.6M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.6M, raised on May 01, 2016.
What does Shopic do?
Founded in 2015 in Tel Aviv, Israel, Shopic operates in the retail technology sector. A cloud-based platform is offered for grocery stores, enabling frictionless shopping through AI-powered clip-on devices attached to carts. Computer vision is utilized to detect item additions or removals, allowing checkout skipping. Real-time analysis of behavioral, historical, and visual data is performed for loss prevention.
Who are the top competitors of Shopic?
Shopic's top competitors include Supersmart, Cust2Mate and Flow.
Who are Shopic's investors?
Shopic has 11 investors. Key investors include Shufersal, IBI Investment House, Clal Insurance, Qualcomm Ventures, and Vintage Investment Partners.