Swapbox, a San Francisco, California-based provider of automated kiosks to receive packages, raised $800k in seed funding.
The round was led by Tony Hsieh’s Vegas Tech Fund with participation from Fuel Capital, Y Combinator founder Trevor Blackwell, Base Ventures and Ace & Company.
The company intends to use the funds to extend the service to add locations throughout the San Francisco Bay area.
Led by Neel Murthy, CEO, Swapbox makes and installs a self-serve, electronic kiosk for receiving package deliveries. People shopping online can have their purchases shipped directly into a local swapbox for pick up at a convenient time.
The company, which has introduced 15 kiosks to date, has a manufacturing facility in Santa Clara.
Mitch Lowe, Former President & COO of Redbox, and Michael Seibel, founder & CEO of SocialCam and Justin.TV, joined as advisors.
Swapbox graduated Y Combinator’s Winter 2013 class.
FinSMEs
05/12/2013