Smart grocery cart startup Caper bags $10 million

Kevin William David
Director of Community @angellist. No 1 Hunter on @product-hunt .
Smart grocery cart startup Caper bags $10 million

Caper wants to deliver a major update to the self-checkout aisle without keeping its dreaded catchphrases, i.e. “Unknown item in the bagging area,” “Please place the item in the bag.” The New York startup is tapping some of Silicon Valley’s more recognizable VC firms to fund their dreams for a shopping cart of the future that uses computer vision and other sensors to let shoppers quickly scan items as they drop them into their carts.

The company is announcing that they’ve closed a $10 million Series A led by Lux Capital. The round also saw participation from First Round Capital, Y Combinator, Hardware Club, FundersClub, Sidekick Fund and Red Apple Group.

Caper closed its $2.15 million seed round led by First Round earlier this year. The startup has now raised $13 million to date. The startup’s leadership plans to use the capital to bring their smart grocery carts to more locations.

Kevin William David
Director of Community @angellist. No 1 Hunter on @product-hunt .

The startup says its tech could help grocery store chains bring more seamless checkout processes to customers as the groups aim to keep pace with Amazon, which has doubled down on physical retail automation with its Amaz… Show more