Takeoff Technologies was founded in 2016 by Jose Aguerrevere and Max Pedro. The company has not spoken publicly about an IPO, but it has raised over $86 million in total funding, including $25 million in a recent round. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Takeoff Technologies offers an automated grocery fulfilment platform that helps stores refine their e-commerce operations — a service that has seen exploding demand since 2020. The company partners with companies including Albertsons, Ahold Delhaize, and Wakefern. Over the course of 6 rounds of funding, Takeoff has received funds from investors such as Forrestal Capital, Marfrig, IGNIA, and H20 Capital Innovation. A 2019 article in the Boston Business Journal reports that the company has arrived at a post-money valuation of $500 million.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/02/2021 | Series C-1 | $85.2MM | $xx.xx | $57.14B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,831,663
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
09/16/2019 | Series C | $25.14MM | $xx.xx | $50.98B | Forrestal Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,600,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.1x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Forrestal Capital
|
||||||
04/09/2019 | Series B-1 | $36.65MM | $xx.xx | $18B | H20 Capital, Ignia Partners | |
Price per Share
$xx.xx
Shares Outstanding
6,200,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
H20 Capital, Ignia Partners
|
||||||
10/11/2018 | Series B | $17.05MM | $xx.xx | $9.91B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,450,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
01/31/2018 | Series A | $10.07MM | $xx.xx | $3.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,036,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/06/2016 | Series Seed | $249,996.00 | $xx.xx | $499.99MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
542,820
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|