NYC’s Bindo Raises $1.8M Seed Round Led by Gary Vaynerchuck

June 11, 2014

10:30 am

Bindo, a NYC-based retail startup that offers a Cloud-based checkout system and tools to simply the way merchants manage inventory and customer relationships, announced yesterday that it has raised $1.8 million in seed funding. The round was co-led by Gary Vaynerchuck, Metamorphic Ventures, and East Ventures.

According to The Wall Street Journal, Bindo plans to use the funding to expand operations in Asia, specifically in Hong Kong and Southeast Asia. The company already opened offices in Hong Kong earlier this year, but is now working on expanding into Singapore.

Bindo provides an iPad Point of Sale (POS), or checkout system, that gives merchants the ability to easily launch their stores online through its Cloud-based platform. Since launching its beta in March, the startup has reportedly processed $40 million in orders, with 180,000 customers having swiped their card through Bindo’s system in NYC.

 

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Ronald Barba was the previous managing editor of Tech.Co. His primary story interests include industry trends, consumer-facing apps/products, the startup lifestyle, business ethics, diversity in tech, and what-is-this-bullsh*t things.

Aside from writing about startups and entrepreneurship, Ronald is interested in ‘Doctor Who’, Murakami, ‘The Mindy Project’, and fried chicken. He is currently based in New York because he mistakenly studied philosophy in college and is now a “writer”. Tweet @RonaldPBarba.

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