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Corporate Venture
FINANCIAL | Investment Firms & Funds
evolv.vc

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Investments

9

Funds

2

About Evolv Ventures

Evolve Ventures is a venture fund created by Kraft Heinz primarily investing in emerging tech companies in the food industry.

Evolv Ventures Headquarter Location

200 East Randolph Street, Floor 76

Chicago, Illinois, 60601,

United States

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Latest Evolv Ventures News

Zippin Raises $30M to Drive Adoption of Frictionless Checkout

Sep 9, 2021

The funding round will accelerate innovation in deployment and maintenance. SAN FRANCISCO — Checkout-free technology provider Zippin has closed a $30 million Series B funding round with participation from new and existing investors that include OurCrowd, Maven Ventures, Evolv Ventures and SAP. The new round brings Zippin's total funding to more than $45 million. This follows Zippin's significant progress in recent months, including signing numerous new accounts, launching multiple new public checkout-free stores and further solidifying its leading technology within the future of retail, according to the company. The company currently powers checkout-free stores across four continents in formats such as convenience stores, grocery stores, sports stadiums, hotels and residential buildings. With this funding round, Zippin expects to scale its checkout-free platform and power tens of thousands of stores by 2025. "Zippin has seen increased demand and rapid adoption of checkout-free technology during the pandemic," said Krishna Motukuri, Zippin co-founder and CEO. "Shoppers want contactless experiences everywhere they go. As retailers realize that frictionless checkout-free technology is also contactless by design, they see a great opportunity to kill two birds with one stone. With a checkout-free platform like Zippin, retailers can offer shoppers what they are looking for today, and future-proof their business, both at the same time." Zippin's multimodal AI technology is designed to deliver greater than 99.9 percent accuracy even in stores with high shopper density and a complex selection of products, including unbranded and small-sized items. It also works in both newly constructed stores and retrofits of existing stores. The Series B funding will help Zippin accelerate the pace of innovation in the areas of deployment and maintenance. The company's goal is to retrofit stores within a single day with zero or minimal down time for retailers. San Francisco-based Zippin has offices in San Francisco, Dallas, Toronto and India.

Evolv Ventures Investments

9 Investments

Evolv Ventures has made 9 investments. Their latest investment was in Zippin as part of their Series B on September 9, 2021.

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Evolv Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/1/2021

Series B

Zippin

$30M

No

Maven Ventures, OurCrowd, and SAP

5

10/28/2020

Series B

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$99M

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10

8/11/2020

Series D

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$99M

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10

7/21/2020

Series A

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$99M

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10

12/11/2019

Series A

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$99M

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10

Date

9/1/2021

10/28/2020

8/11/2020

7/21/2020

12/11/2019

Round

Series B

Series B

Series D

Series A

Series A

Company

Zippin

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Amount

$30M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Maven Ventures, OurCrowd, and SAP

Sources

5

10

10

10

10

Evolv Ventures Fund History

2 Fund Histories

Evolv Ventures has 2 funds, including Evolv Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/5/2018

Evolv Ventures I

$100M

1

Evolv Ventures

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$99M

10

Closing Date

10/5/2018

Fund

Evolv Ventures I

Evolv Ventures

Fund Type

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Status

Amount

$100M

$99M

Sources

1

10

Evolv Ventures Team

3 Team Members

Evolv Ventures has 3 team members, including current Founder, Managing Partner, William Pescatello.

Name

Work History

Title

Status

William Pescatello

Lightbank

Founder, Managing Partner

Current

Bill Pescatello

Lightbank, Peacock Equity Fund, GE Capital, Merrill, Hughes Hubbard & Reed, and Morgan Stanley

Founder, Managing Partner

Current

Steve Sanger

General Partner

Current

Name

William Pescatello

Bill Pescatello

Steve Sanger

Work History

Lightbank

Lightbank, Peacock Equity Fund, GE Capital, Merrill, Hughes Hubbard & Reed, and Morgan Stanley

Title

Founder, Managing Partner

Founder, Managing Partner

General Partner

Status

Current

Current

Current

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