sqn

Mar 27, 2023

Skupos closed a new $22.5M funding deal with Brex and SQNVP to connect consumer brands with the largest network of convenience stores in the United States Brex Asset Management and SQN Venture Partners join forces on a new $22.5M investment in Skupos , a leading data platform serving independent convenience stores, brands, and distributors. This new capital will help Skupos expand their footprint of independent convenience stores across new and existing markets. This deal marks continued momentum for Brex Asset Management and its affiliated fund, which U.S. fintech company Brex launched in September 2021 as a way to provide companies with growth capital and to help founders take their businesses to the next level. In partnership, Brex Asset Management and SQN Venture Partners selectively provide capital to scalable, high-growth startups with strong recurring revenue in expanding sectors. “Skupos has built the largest network of independent convenience stores in the United States, and with it, a proprietary data set that is difficult to replicate. The tools and insights generated by their network give brands true visibility and granular business intelligence,” said Benjamin Wu , CEO of Brex Asset Management. “We’re excited to partner with Jake and the rest of the Skupos team through this expansion phase.”