StorePower

Company Overview

Snapshot

Founded in October 2015 by Richard Demb and Jon Polin, StorePower operates with 1–10 employees. The company has raised a total of $2.25 million across two funding rounds, with OurCrowd participating. In March 2016, StorePower secured a Seed funding round from OurCrowd.

Business overview

StorePower Inc. provides a white-label eCommerce software solution designed for grocery stores to enhance customer retention. The company offers an online supermarket platform that enables clients to manage various aspects of their operations, including item selection, packing, payment processing, click-and-collect services, and delivery logistics. StorePower operates within the Business Software sector, focusing on e-commerce platforms and supermarkets.

Strategic signal

In January 2017, StorePower was highlighted by TechCrunch for its innovative approach to enabling groceries to offer delivery services akin to Instacart, but without requiring them to cede control over their customer relationships. This signals StorePower's strategic positioning as a technology provider empowering traditional retailers to compete in the evolving online grocery market, emphasizing a white-label solution that maintains brand autonomy for its clients.

Company Intelligence Q&A

What is StorePower's primary business?

StorePower Inc. develops and provides a white-label eCommerce software solution specifically for grocery stores, enabling them to manage online sales, packing, payment, click-and-collect, and delivery services.

When was StorePower founded and by whom?

StorePower was founded in October 2015 by Richard Demb and Jon Polin.

What was a key strategic development for StorePower in early 2017?

In January 2017, TechCrunch reported on StorePower's platform, noting its ability to help grocery stores implement delivery services similar to Instacart while allowing them to retain control over their customer data and brand identity.

What was a notable partnership for StorePower in 2015?

In August 2015, Fairway and Gelson's signed with StorePower as their new e-commerce provider, as reported by Supermarket News.