Venture Capital News: Vori Scores $10M Series A Financing
2022-08-04
PALO ALTO, CA, Vori, the revolutionary digital B2B inventory management platform optimizing the grocery supply chain, has announced the completion of a $10 million Series A funding round.
The capital will be used to bolster its talent acquisition pipeline, expand its U.S. operations, and broaden its product offering - including their upcoming Vori Back Office solution, enabling more independent grocery retailers nationwide to benefit from its transformative supply chain technology.
The funding round was led by The Factory, a Silicon Valley based venture-fund focused on early stage and deeply technical startups, and included participation from Greylock, E2JDJ, MKT1, and Vori flagship customer, Mollie Stone's Markets - a San Francisco Bay Area family-owned grocery store chain.
Vori is the only modern operating system for the grocery industry. Our technology allows local and regional supermarkets to easily replenish their shelves, manage pricing, and control inventory right at their fingertips-empowering retailers to improve profitability and optimize labor. Vori was founded in 2019 by Stanford University alumni and has a team with over 100 years of grocery experience. Vori is backed by The Factory, Greylock, Y Combinator, Village Global, South Park Commons, grocery industry experts from Safeway/Albertsons, and co-founders from Instacart, DoorDash, and Twitch.
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