202203 Aug

Vori Secures $10 Million in Series A Funding to Transform Grocery Store Inventory Management

Summary

Vori, the revolutionary digital B2B inventory management platform optimizing the grocery supply chain, today announced the completion of a $10 million Series A funding round. The capital will be used to bolster its talent acquisition pipeline, expand its U.S. operations, and broaden its product offering - including their upcoming Vori Back Office solution, enabling more independent grocery retailers nationwide to benefit from its transformative supply chain technology. The funding 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. We are excited about this venture and looking forward to working with the company as it further expands nationwide.” Vori enhances the retailer’s inventory management workflows by digitizing traditionally manual labor-intensive processes, undocumented knoweldge, 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.

Source: Prweb

Funding

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Amount
Oct 03 2022
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Company

Classifications

Companies