Turin-based Vado, which automates delivery and take-away operations by integrating smart storage with delivery apps, has secured €440,000 in a seed round.
- Established in 2020 by Alessandro Ursino, Alessandro Bruno, and Alberto Luison, Vado develops software that connects vending machines with popular delivery apps, allowing customers to purchase products from vending machines through platforms like Glovo, Deliveroo, JustEat, and UberEats.
- Customers place orders via these delivery apps and receive an unlock code, which riders use to retrieve items from the vending machine. The software automates the entire process, ensuring seamless product delivery.
“I think VADO is best example of a hidden champion in a not mainstream industry. cases like this reveal the biggest upsights for investors. Unique product, hungry clients. All you need is execution. And the VADO team is all about that," President of the Board at Vado, Andrea T. Orlando, commented.
- The startup enables the sale of any packaged product that fits within a shoebox, including pharmacy items, snacks, beverages, beauty products, ready-to-eat foods, and pet care items. This solution simplifies operations, offering businesses a new automated way to sell products 24/7.
Details of the deal
- The €440,000 seed round includes €394,000 from Startup Wise Guys, an Estonian startup accelerator that offers early-stage startups expertise, funding, and access to a global network to drive their success, along with support from Milan-based VC Angels4Impact and €50,000 in debt from Banca Sella, a bank based in Biella.
“The results from Vado are already incredible, but the most exciting part is the growth opportunities in various industries that this team is capitalizing on. This round will enable them to further tap into those opportunities. With the addition of Andrea Orlando as a key team member, they’re adding top talent and preparing to scale on an international level," CEO of Startup Wise Guys, Cristobal Alonso, stated.
- Vado will use the new funding to expand its presence across Europe and enhance its technology in the automated retail sector.
