Skupos, a San Francisco, CA-based provider of retail distribution software for the convenience store industry, raised $2.41m in seed funding.
The round was led by Dynamo Fund with participation from Toba Capital.
The company intends to use the funds to continue product development.
Founded in April 2016 by Jake Bolling, Michael Glassman, and Linh Nguyen, Skupos provides a retail distribution software featuring a data driven two-sided inventory management system allowing convenience stores to automate inventory management and ordering, while providing distributors and brands with real-time inventory levels in their accounts, as well as the ability to generate re-orders.
The company’s patent pending technology integrates with a convenience store’s existing point of-sale system, enabling real-time inventory management, accessible from any device.
The company, which currently has launched in over 200 stores, is currently accepting beta customers, both convenience stores and distributors.