May 20, 2015
It might not be the sexiest idea ever, but it’s got the attention of a few people so far. Coming out of the headquarters in Scottsdale, Arizona today was the announcement that Shelvspace has successfully raised $1 million in seed funding from Tallwave Capital, the AngelList Syndicates Fund, and some individual entrepreneurs.
Shelvspace is a SaaS platform that was built specifically for the Consumer Packaged Goods (CPG) industry, which covers things like food, beverages, and clothing. And by way of the cloud the team is adamantly trying to transform the way CPGs are sold to US retail.
Basically, Shelvspace provides US brands the ability to promote their products faster, smarter, and more efficiently by using an integrated mobile sales platform.
“We founded Shelvspace because the CPG industry has experienced pain for over 30 years managing fragmented sales and brokering processes,” says Dave Albertson, CEO and cofounder of Shelvspace. “Our mobile tools are making it easier and unlocking competitive advantages and higher profitability for major brands, brokers, and distributors.”
To date Shelvspace has already seen adoption in over 75,000 retail locations and with people that represent over $1.4 billion in annual product sales. With their new seed funding, the team is going to launch their enterprise platform and support their first wave of early industry adopters and data partners, ultimately expanding the reach of their platform in the long run.
“The CPG industry is ready for the type of innovation that Shelvspace is providing,” says David Tucci, executive director at Consolidated Sales Network. “Simple, actionable data and next generation mobile execution are keys to driving better industry efficiency and effectiveness.”
Image Credit: All images from Shelvspace media page
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