Shopic
Retail & CommerceShopic develops technology for smart shopping carts and in-store checkout.
Introduce me to Shopic
Image source: company website sharing image
Founders & company facts
Sources reviewed:Reported cumulative funding
$56,050,000 · Source
This index includes companies with publicly reported total funding up to US$150 million. This is a reported total, not valuation, the latest round size or confirmation of an open round. Funding reviewed: .
Documented founding team
- Raz GolanSource: Raz Golan
- Eran KravitzSource: Eran Kravitz
- Dan BendlerSource: Dan Bendler
- Founded
- 2015Source
- Reported Israeli location
- Tel Aviv-YafoSource
- Team range in directory
- 51-200Source
- Reported business model
- B2B2CSource
Selected disclosed financing
Selected transactions, with dates, funding types and reported participants.
- Aug 2022$35MSeries BNamed participants
Qualcomm Ventures · Eyal Gura · IBI Tech Fund · Tal Ventures · Vintage Investment Partners · Clal Insurance Enterprises Holdings
Source - Jul 2021$10MSeries B
Company overview
Product & customers
Shopic develops technology for smart shopping carts and in-store checkout. Its computer-vision approach identifies items during shopping and connects that experience with the retailer's digital systems.
Commercial potential · editorial analysis
The commercial opportunity is modernising physical grocery shopping through cart-based technology without requiring shoppers to scan each item at a conventional checkout. Investors should distinguish paid use and renewals from pilots, and examine how sales and delivery costs change as deployments expand.
What to validate
Diligence should focus on recognition accuracy across packaging, loss prevention, maintenance, store integration and payback per deployed cart. Evidence should come from representative customer deployments, with costs, limitations and failure cases reported alongside successful results.
Product source reviewed on . Company source