Vori, an East Palo Alto, CA-based digital B2B inventory management platform optimizing the grocery supply chain, closed a $10m Series A funding round.
The round was led by The Factory, with participation from Greylock, E2JDJ, MKT1, and Vori flagship customer, Mollie Stone’s Markets – a San Francisco Bay Area family-owned grocery store chain.
Led by Brandon Hill, CEO and Co-founder, Vori is an operating system for the grocery industry. Its technology allows local and regional supermarkets to replenish their shelves, manage pricing, and control inventory right at their fingertips–empowering retailers to improve profitability and optimize labor.
The company intends to use the funds 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.
This investment will also support the launch of Vori’s new solution Vori Back Office, which enables grocery stores to reduce shrink and increase efficiency by digitizing manual, human error-prone, and time-consuming tasks. Vori Back Office achieves this by utilizing features including cost change tracking, digital order management, scan-based receiving, automatic invoicing, DSD vendor management, and digital credit requests.
The company is currently building out a number of teams including product, design, and engineering.
FinSMEs
04/08/2022