We got an exclusive look at the pitch deck Israeli e-commerce startup Stor.ai used to raise $21 million
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- Israeli e-commerce startup Stor.ai has raised an extended Series A funding round.
- The company helps grocers manage the shift to online e-commerce.
- “We’re excited to usher in a new era in which stores will no longer fear the inexorable rise of digitization,” Stor.ai’s CEO said.
Israeli e-commerce startup Stor.ai (formerly Self Point) has raised a $21 million funding round.
The company provides tech for grocery retailers to help manage their inventory, as well as tools for brick-and-mortar operators to move online by providing improved point-of-sale (POS) options.
The Series A round was led by Meitav Dash and Mizrahi Tefahot, and supported by existing investor Kli Capital.
“As online grocery shopping and e-commerce in general rapidly gain traction, there’s a real risk that a handful of major corporations will monopolize the industry — with severe consequences for everyone else, but especially locally or regionally-focused stores,” Orlee Tal Stor.ai CEO told Insider. “We’re excited to usher in a new era in which stores will no longer fear the inexorable rise of digitization but will actually see it as something to be embraced and encouraged.”
The remote funding process took place throughout 2020 and will be used to support Stor.ai’s growth into new markets in Latin America and Europe, plus extending the company’s partnerships with retailers in North America.
“We did meet our investors a few times in person as the process advanced, but at the end of the day, it is hard to replace the impact of a face to face meeting,” Tal added.
Check out Stor.ai’s pitch deck below: