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IoT startup Minnow Technologies Raises $2.2M

Food and Beverages | Tuesday, August 18, 2020

IoT-enabled Pickup Pods offer a safe and contactless way to pick up or deliver food.

FREMONT, CA: Minnow Technologies, an IoT startup that has developed a contact-free food delivery and pickup solution called the Minnow Pickup Pod, raises 2.2M dollars in an oversubscribed seed round. The round was led by Elevate Capital, an early-stage venture fund based in Portland. Also participating in the round were Portland Seed Fund and the venture capital arm of Lincoln Property Company, LPC Ventures. In addition to this financing, Minnow raised a 1.2M dollars pre-seed round in 2018.

The COVID-19 pandemic has spurred the requirement for contact-free technologies that can lower the need for face-to-face interactions, particularly when it comes to delivering and picking up food. This funding is a testament to the importance of Minnow’s contact-free technology in the COVID-19 era and beyond. The pandemic is only accelerating trends—like online food ordering and delivery—that were already well underway before the virus appeared.

Minnow’s IoT-enabled Pickup Pods provide a safe, secure, and contact-free way to deliver or pick up food. They can be used anywhere that food is picked up, including in restaurants and cafeterias, to offer a safer, more convenient pickup experience. Minnow Pickup Pods can also be used wherever food is delivered, to keep consumers and food delivery executives safer. For commercial real estate firms that operate office and multi-family residential buildings, Minnow offers contact-free food delivery solution that assists them to manage the growing volume of food being delivered to their properties.

Food delivery remains a big competitor to operators with micro-markets as customers have more options than before to have food delivered at their workplace. To strike a balance with the current demand, Minnow is accelerating the production of its first commercial model, the Minnow P5 Pickup Pod. The company is also accepting pre-orders for the first batch of production units.

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