Tallwave Capital, AngelList Syndicates Fund and Several High-Profile Angels Invest in Company Helping to Solve Fragmented Sales and Brokering Process
SCOTTSDALE, AZ–(Marketwired – May 19, 2015) – Shelvspace, which is transforming the way Consumer Packaged Goods (CPG) are sold to U.S. retail with an easy-to-use cloud-based mobile platform, today announced it has received $1 million in seed round funding.
Currently, Shelvspace built its Software-as-a-Service (SaaS) solution specifically for the CPG industry in an effort to provide U.S. brands with the ability to sell and promote their products faster, smarter and more efficiently.
To download high resolution images of Shelvspace’s solution, please visit http://shelvspace.com/media/.
“We founded Shelvspace because the CPG industry has experienced pain for over 30 years managing a fragmented sales and brokering process,” said Dave Albertson, CEO and co-founder, Shelvspace. “Our mobile tools are making it easier and unlocking competitive advantages and higher profitability for major brands, brokers, and distributors.”
In addition to early-stage venture firm Tallwave Capital and the AngelList Syndicates Fund, investors in the seed round for Shelvspace include several award-winning entrepreneurs such as: Clark Landry, founder of SHIFT; Sam Teller, co-founder of LA Launchpad; Sizhao Yang, co-creator of Farmville; Jon Roska, founder of Pet360; Mario Martinez, founder of 360 Vantage; Pat Sullivan, co-founder of ACT! and SalesLogix; Brad Jannenga, co-founder, WebPT, and many other high-profile angels.
Shelvspace provides a better way for U.S. suppliers, brokers, distributors and retailers to manage retail stores by providing all the information and tools needed to complete the sales process right at a user’s fingertips. The solution has already gained adoption across over 75,000 retail locations and reps that represent over $1.4B in annual product sales. Shelvspace will make use of the funds to launch its enterprise platform and support its first wave of early industry adopters and data partners.
“The CPG industry is ready for the type of innovation that Shelvspace is providing,” said David Tucci, executive director at Consolidated Sales Network, a leading group of over 16 regional brokerages. “Simple, actionable data and next generation mobile execution are keys to driving better industry efficiency and effectiveness.”
Shelvspace is transforming the way consumer goods are sold to U.S. retail with its simple and easy-to-use cloud-based platform built specifically for the Consumer Product Goods (CPG) industry, Headquartered in Scottsdale Arizona with regional sales in Philadelphia, San Francisco, and Chicago, Shelvspace is a portfolio company of Tallwave, a venture development firm that validates, grows and helps startups commercialize their businesses. For more information, please visit http://www.shelvspace.com.