Curbside has secured $25 million in Series B funding, which it will use to expand its service to new markets and retailers.
Sutter Hill Ventures led the funding round and was joined by a number of previous investors, including Index Ventures, Yahoo! Co-Founder Jerry Yang’s AME Cloud Ventures and Qualcomm Ventures.
“The response we’ve seen to Curbside from both shoppers and retailers since our launch last fall has been overwhelming,” said Jaron Waldman, Co-Founder and CEO of Curbside. “The service is perfect for mobile, on-the-go consumers. We’ve seen rapid growth since launch, with month-over-month sales increasing in excess of 50%. And, the service is proving to be extremely sticky with shoppers, over 55% of whom have made repeat purchases.”
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Curbside allows shoppers to use their mobile phones to place orders and pick up items while still in their cars. The Curbside system notifies staff when shoppers are near the store, so associates are ready to hand off the ordered item upon a customer’s arrival.
The Curbside service currently is available at Target and Best Buy stores in the San Francisco Bay Area, as well as the Westfield Mall in Oakridge. Curbside also recently launched its service at Target locations in New York and New Jersey, and plans further expansions in this area, as well as Southern California.
“Curbside represents the future of mobile commerce,” said Yang, Founding Partner at AME Cloud Ventures. “Curbside is primed to fundamentally change the way people shop by creating a seamless way for consumers to access products from local merchants by successfully developing complex location and inventory technology.”
