Skupos, a San Francisco, CA-based data platform for convenience retail, raised $26M in Series B financing.
The round was led by Insight Partners with participation from Unilever Ventures, Tao Capital and prior backers Toba Capital, Dynamo Ventures, and Loup Ventures.
The company, which has raised $37M in total funding to date, intends to use the funds for ongoing product development and strategic expansion, with a focus on leveraging transaction data to innovate new revenue-driving strategies for participants in the convenience retail industry.
Founded in 2016 by Jake Bolling, Mike Glassman, and Linh Nguyen, Skupos provides a software platform that records billions of transactions every year for retailers, distributors, and brands around the country at the point of sale in real time to unlock efficiencies for data-driven decisions in each segment of the convenience retail industry.
The company works with over 7,000 retail locations across all 50 states.