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Investments

328

Portfolio Exits

67

Funds

136

Service Providers

1

About FundersClub

FundersClub is a web service that gives investors access to investment opportunities and the tools to review and invest online with ease and speed. By facilitating investment with industry-standard fund vehicles that have been used offline, paired with a web-based screening, payments, and legal documents handling system, FundersClub is able to pool checks from many investors to make aggregated investments on behalf of individuals and institutions that were previously inaccessible to them.

FundersClub Headquarter Location

237 Kearny Street #424

San Francisco, California, 94108,

United States

888-405-9335

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing FundersClub

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find FundersClub in 6 Expert Collections, including HR Tech.

H

HR Tech

65 items

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

R

Rewiring Industries: IoT

38 items

Based on CB Insights Research Brief: https://www.cbinsights.com/blog/iot-market-map-and-company-list/

H

HR Tech Top Investors

10 items

B

Beauty & Personal Care

58 items

Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.

B

Blockchain

160 items

FundersClub Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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FundersClub Rank

Latest FundersClub News

Instacart acquires Caper AI, a smart cart and instant checkout startup, for $350M, as it moves deeper into physical retail tech

Oct 19, 2021

Instacart made its name by providing a way for consumers to bypass shopping in stores in person, by ordering items online and getting them delivered to their homes — a business that positively boomed in the wake of the Covid-19 pandemic. But with physical stores still looming large in the world of groceries, Instacart is also wants to play a role there, too. Today, the company announced that it is acquiring Caper AI , a startup that builds smart cart and cashier-less checkout technology that uses computer vision and other techniques to detect items and ring them up for shoppers. Instacart confirmed that it is paying around $350 million for the startup, in a combination of cash and shares. The acquisition is part of Instacart’s expanding “B2B2C” retail technology strategy. Alongside its mainstay online ordering and grocery delivery service, the company — as of March this year valued at $39 billion — is building out a stack of products and services for stores that they in turn can use to provide new services to their customers. It follows just weeks after Instacart acquired FoodStorm to help stores take and manage catering-style larger orders of ready-made food. Instacart’s CEO Fidji Simo (who joined  earlier this year from Facebook ), said in an interview with TechCrunch this week that this acquisition is in keeping with what retailers themselves want and need to do. Against the backdrop of huge competition from the likes of Amazon — which has its own cashier-free check out technology and is getting much more aggressive with its physical store strategy — retailers are chasing a customer base that increasingly expects and will use more modern, digital services than earlier generations of shoppers. “We are… unlocking for retail partners [what] we think is what’s next. We are meeting the evolving needs of customers online or offline. Retailers want to develop unified offerings that break down silos,” she said. “We see ourselves as a retail enablement company… We already have a vast platform to power commerce services [covering] both delivery and pick up that already blends the lines.” Simo said that the plan will be to continue Caper’s business as it is today — the company already has smart cart technology development deals with Kroger and Wakefern in the U.S., Sobeys in Canada and Auchan in France and Spain; and it provides smart checkout counters (where items are placed in a weight-sensitive box that scans and automatically rings up the items for the shopper) across a range of smaller convenience stores. Now Instacart will shop Caper’s tech to its wider network of existing grocery partners, too. “I’m incredibly proud of the business we’ve built and the technological leap forward our products represent for the entire grocery industry. The powerful technology we’ve created is intuitive for customers, easy to deploy for retailers of all sizes, and creates a physical retail ecosystem that never existed before,” said Lindon Gao, cofounder and CEO of Caper AI, in a statement. “We share Instacart‘s vision of enabling grocery retailers with new innovations that create step changes for their businesses, and we’re proud to now be joining forces with Instacart to develop even more solutions that help bring the online and offline together for retailers.” But it will also supercharge Caper’s expansion and how it is used. For example, there are plans to integrate Caper’s tech into Instacart’s app: people who start their in-person shopping lists on the Instacart app can then use the Caper technology to automatically ring up the items once they are in stores. While this deal will be bringing a hardware business, as well as more hardware expertise, to Instacart, the company looks like it will be taking a more conservative approach to that area, at least in the short/medium term. “For now we want to focus on these [existing] products,” Simo said of Caper Cart and Caper Counter, as its two products are called. “It’s important to get the tech absolutely perfect and adopted globally. There is a lot of work to do to get to scale.” For Caper, this is a great landing. The company had raised just $13 million from investors that included Lux Capital, First Round, FundersClub and Y Combinator. Simo said that Instacart proactively approached Caper to do a deal while it was in the middle of fundraising, and it was intent on acquiring rather than just investing to bring the IP, talent and existing business into the Instacart fold. But, it has to be said that as an independent startup, Caper would have been facing a very impressive and large slate of competition. Amazon has built its “Just Walk Out” technology (as its cashier-free tech is called) mainly to run in Amazon’s own brick-and-mortar stores, but with Amazon you should never count out how it might eventually productize its own technology and sell it to others as a service (as it has done with AWS, its fulfillment tech, and so on). Trigo out of Israel has raised over $100 million and just today debuted its latest customer, the supermarket giant Tesco, which is using its tech in its new GetGo stores . Standard Cognition, now valued at over $1 billion , wants to be in 100 stores by the end of this year and most recently brought on Circle K as a customer. Shopic and Imagr are also working on continuing to hone their technology, and there are a number of others. In that regard, this acquisition will give Instacart a way of competing against all of the above, and also getting its oar in to be the provider of that tech to retailers. A lot of the technology for cashier-free is still relatively nascent, and therefore some conceptions of how it should look and work are very expensive — perhaps cost-prohibitively so. Caper AI’s approach, Simo points out, is plug and play and relatively easy (and therefore cheaper) to implement than systems that involve retrofitting entire stores with overhead cameras, large computing systems to process the information, bringing in new physical carts and so on. “We were attracted to the smart cart solution the form factor that retailers will already understand,” she said. “And that doesn’t require a big investment.” On the other side of the equation, of course, is the labor situation: solutions like these inevitably will raise questions of what the impact will be on people who traditionally would have worked as cashiers. And for Instacart, it’s notable that it is buying into technology that removes people from the checkout equation precisely at the same time that it is facing backlash of its own over its labor practices. These issues are unlikely to be resolved with or without this specific acquisition, but there are questions and choices that Instacart, grocers, and consumers need to consider longer term.

FundersClub Investments

328 Investments

FundersClub has made 328 investments. Their latest investment was in Rose Rocket as part of their Series A on October 10, 2021.

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FundersClub Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/13/2021

Series A

Rose Rocket

$25M

Yes

2

10/6/2021

Series A

Kyte

$30M

Yes

3

8/24/2021

Seed VC

Driven Education

$3.05M

Yes

3

8/20/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

8/6/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/13/2021

10/6/2021

8/24/2021

8/20/2021

8/6/2021

Round

Series A

Series A

Seed VC

Series B

Series A

Company

Rose Rocket

Kyte

Driven Education

Subscribe to see more

Subscribe to see more

Amount

$25M

$30M

$3.05M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

3

3

10

10

FundersClub Portfolio Exits

67 Portfolio Exits

FundersClub has 67 portfolio exits. Their latest portfolio exit was Caper AI on October 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/19/2021

Acquired

$991

4

10/14/2021

IPO

$991

2

10/5/2021

Acquired

2

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

10/19/2021

10/14/2021

10/5/2021

00/00/0000

00/00/0000

Exit

Acquired

IPO

Acquired

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

$991

Acquirer

Subscribe to see more

Subscribe to see more

Sources

4

2

2

10

10

FundersClub Fund History

136 Fund Histories

FundersClub has 136 funds, including FundersClub PCY.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/7/2020

FundersClub PCY

$0.47M

1

10/6/2020

FundersClub AEP

$0.54M

1

8/31/2020

FundersClub 6XV

$2.81M

3

7/15/2020

FundersClub W48

Subscribe to see more

$99M

10

6/10/2020

FundersClub MTQ

Subscribe to see more

$99M

10

Closing Date

12/7/2020

10/6/2020

8/31/2020

7/15/2020

6/10/2020

Fund

FundersClub PCY

FundersClub AEP

FundersClub 6XV

FundersClub W48

FundersClub MTQ

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$0.47M

$0.54M

$2.81M

$99M

$99M

Sources

1

1

3

10

10

FundersClub Service Providers

1 Service Provider

FundersClub has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Series A

Counsel

General Counsel

Service Provider

Associated Rounds

Series A

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

FundersClub Team

2 Team Members

FundersClub has 2 team members, including current Founder, President, Boris Silver.

Name

Work History

Title

Status

Boris Silver

Founder, President

Current

Engle E Saez

Executive Vice President

Former

Name

Boris Silver

Engle E Saez

Work History

Title

Founder, President

Executive Vice President

Status

Current

Former

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