- Cloosive, a company that is helping local coffee shops with mobile app ordering, announced it raised $1 million in funding
Often times, you might be interested in trying out local coffee rather than going to the larger franchises like Starbucks, Tim Hortons, and Caribou. Cloosiv, a company that helps bring mobile ordering to the smaller coffee businesses, announced it recently raised $1 million in seed funding according to TechCrunch. This helps make local coffee more accessible to consumers.
Building an app that supports mobile ordering is a challenge for those without the resources to do so. So Cloosiv provides a central place to discover a bunch of local coffee shops.
When you open the Cloosiv app, it will show you a list of coffee businesses that are relying on the company for mobile ordering services. After selecting a shop, you will be able to select from the mobile ordering options. With the app, you can also collect rewards and review your order history. And you can also customize your coffee and provide tips through the app. The merchants are charged a percentage of every order. And the percentage volume decreases as the number of orders increase.
Cloosiv founder Tim Griffin told TechCrunch that the investors who participated in this round include Y Combinator co-founder Paul Graham, Gigster founder and former CEO Roger Dickey, Electric Capital managing partner Avichal Garg, Electric Capital investor Ken Deeter, Passport CTO Brad Powers, and SendBird CEO John S. Kim.
Currently, Cloosiv has more than 300 locations using the platform. And the company is planning to surpass 500 by the end of the year.
Merchants receive orders through the Cloosiv app and the company is planning to integrate those orders into the point-of-sales apps that many merchants are already using such as Clover, Micros, and Square.