What is Chargeitspot?
ChargeItSpot specializes in providing advanced phone charging kiosks designed for retail environments and brand activations. These state-of-the-art charging stations feature secure lockers, an intuitive user interface, and customizable branding options. By partnering with major brands, ChargeItSpot aims to enhance customer experience, drive foot traffic, and increase sales. Furthermore, the kiosks are equipped to collect opt-in consumer data, offering valuable marketing assets such as email addresses and cell phone numbers, thereby providing brands with enhanced customer insights and engagement opportunities.
How much funding has Chargeitspot raised?
Chargeitspot has raised a total of $13.6M across 6 funding rounds:
Other Financing Round
$1.6M
Private Equity
$5.3M
Series A
$5.3M
Private Equity
$750K
Debt
$350K
Debt
$355K
Other Financing Round (2014): $1.7M with participation from TIA Ventures and Robin Hood Ventures
Private Equity (2014): $5.3M led by SoundBoard Angel Fund, Robin Hood Ventures, and SeedInvest
Series A (2015): $5.3M supported by SeedInvest, SoundBoard Angel Fund, and Robin Hood Ventures
Private Equity (2016): $750K, investors not publicly disclosed
Debt (2020): $350K backed by PPP
Debt (2021): $355K with participation from PPP
Key Investors in Chargeitspot
TIA Ventures
TIA Ventures is a seed-stage venture capital fund based in New York City that invests in exceptional B2B software companies led by high-execution teams. The firm focuses on identifying product-market fit through in-depth customer research and partners with entrepreneurs dedicated to creating impactful solutions.
Robin Hood Ventures
Robin Hood Ventures is a leading angel investment group based in Philadelphia, specializing in early-stage, high-growth startups. They provide investments ranging from $250,000 to $1 million and collaborate with venture capitalists and other angel investors.
SeedInvest
StartEngine is an equity crowdfunding platform that connects over 1.8 million users with more than 1,000 private companies, facilitating investments totaling $1.3 billion to date. Following the acquisition of SeedInvest in May 2023, StartEngine enhances its offerings for both investors and companies seeking to raise capital.
What's next for Chargeitspot?
With its recent major strategic investment and a history of consistent capital raises, Chargeitspot is well-positioned for accelerated expansion. The company's focus on enhancing retail partnerships and leveraging data collection capabilities suggests a strategic push towards deeper integration within the retail ecosystem. Future growth is likely to involve scaling the deployment of its charging kiosks across a wider network of retailers and brands, potentially exploring new service offerings or technological advancements in charging and data analytics. The company's ability to attract significant backing underscores its potential to become a dominant player in the in-venue charging and customer engagement market.
See full Chargeitspot company page
