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.