The Seed round was led by Adjuvo with participation from Haatch Ventures, Unbundled VC, and multiple angel investors.
"Until now, receipts have represented nothing but waste and a wasted opportunity. We’re transforming the humble receipt from its static, destined-for-landfill status into a data-rich source of customer insight. The response we’ve seen from our early adopter retail partners says it all: our software drives engagement and unlocks valuable customer data. We’ve seen huge spikes in everything from email sign-ups to app downloads for the brands using our software. This investment will enable us to work with more retailers, make our products even more impactful, and prevent billions of receipts from heading to landfill."
The oversubscribed round was led by Playfair Capital with backing from multiple institutional investors and angel backers.
"James and Hector have been really engaged since I appeared on the podcast and it made sense to invite them into what was a highly competitive round due to their network, experience and willingness to help and support."
Playfair Capital led the pre-seed round to fund the launch of the social commerce solution and team expansion.
"The Chinese ecommerce market is an extremely enticing one for Western brands, but the challenges of doing business there are nontrivial. Many brands never get started in China, whilst others receive piecemeal, misaligned and substandard service from a hotchpotch of uncoordinated service providers. Kuai’s tech first, full stack approach, combined with the incredibly deep and rich market experience of the team accumulated over many years, is a compelling proposition for any brand wanting to build a successful long-term business in China. We’re incredibly excited to be working with the team on this journey."
