Skupos’ $26 million Series B Financing

Fenwick & West represented Skupos in the transaction.

Skupos, the data platform for convenience retail, raised a $26 million Series B financing.

Insight Partners led the round, with participation from Unilever Ventures, Tao Capital and prior backers Toba Capital, Dynamo Ventures and Loup Ventures. ??

Skupos was founded in 2016 by Jake Bolling, Mike Glassman, and Linh Nguyen in an effort to harness data to create a frictionless connection between millions of people and the products they need. Today, the organization has expanded to serve over 7,000 retailers across the country, powering data strategy for Fortune 500 brands and driving positive business outcomes from previously inaccessible data.

To date, Skupos has raised $37M in venture capital.

The funding will be used for ongoing product development and strategic expansion, with a focus on leveraging transaction data to innovate new revenue-driving strategies for participants in the convenience retail industry.

Fenwick represented Skupos with a team led by corporate lawyers Michael Brown (Picture), Jordan Roberts, Myles Gutenkunst and Ben Toussant.?????

Involved fees earner: Michael Brown – Fenwick & West LLP; Myles Gutenkunst – Fenwick & West LLP; Jordan Roberts – Fenwick & West LLP; Benjamin Toussant – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Skupos Inc.;

Author: Ambrogio Visconti