Zippin Announces $12 Million Financing Round, Launch of ‘Zippin Cube’

  • December 13, 2019 at 6:54 PM EST
  • By Bryan Wassel
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Zippin has received $12 million in a Series A funding round led by Evolv Ventures, bringing the company’s total funding to $15 million. The additional resources will allow Zippin to further invest in product innovation, grow its technical team and expand sales and partnership efforts. The startup already is looking to accelerate new store launches in the coming months, with plans to open grocery and convenience locations as well as stores in sports facilities, airports and more.

Additionally, within the Zippin autonomous concession stand in Golden 1 Center, the Sacramento Kings’ venue, the new Zippin Cube provides a ‘store-in-a-box’ concept. Retailers can launch a fully functional autonomous microstore in less than three weeks, according to the company.

“When we launched the Zippin platform for retailers in 2018, we removed friction from the checkout process. With the Zippin Cube, we are aiming to remove friction from bringing that experience to retail stores,” said Krishna Motukuri, CEO of Zippin in a statement.

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Investors SAP.iO, Arca Continental, Maven Ventures, Scrum Ventures, Nomura Research Institute, NTT DOCOMO Ventures, Core Ventures Group, Pear Ventures, and Montage Ventures joined Evolv Ventures in this funding round.

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