Skupos

About Skupos

Skupos is a data platform specifically designed for the convenience retail industry. Founded by Jake Bolling, Mike Glassman, and Linh Nguyen, the company identified a significant gap in the availability of data within the supply chain of convenience stores. To address this, Skupos provides a suite of products that help convenience stores, distributors, and brands to optimize their operations through data-driven insights.

Skupos operates primarily in the convenience retail market, which includes small retail stores that sell everyday items like snacks, beverages, and other essentials. The company serves three main types of clients: convenience stores (C-stores), distributors, and brands. By offering products like Skupos Engage, Skupos Insights, Skupos Predict, and Skupos Scan Data, the company helps these clients to better understand their sales data, manage inventory, and improve customer engagement.

The business model of Skupos revolves around providing subscription-based software services. Clients pay a recurring fee to access the platform's various tools and insights. This model ensures a steady stream of revenue for Skupos while providing continuous value to its clients.

Skupos makes money by charging these subscription fees, and potentially through additional services or premium features that clients can opt into. The company has seen significant growth, evidenced by its ability to secure substantial venture capital funding, including $4 million in seed funding, $6 million in Series A funding, and $26 million in Series B funding. This financial backing has allowed Skupos to expand its operations, including opening a new office in Denver to enhance its sales and customer experience teams.

In summary, Skupos leverages data to help convenience stores, distributors, and brands optimize their operations, making money through a subscription-based model. The company's rapid growth and substantial funding highlight its strong position in the convenience retail market.