Qualcomm Ventures, the corporate venturing arm of mobile device semiconductor maker Qualcomm, participated in a $25m series B round raised by US-based retail inventory discovery guide Curbside yesterday.
Sutter Hill Ventures led the round, which also featured fellow venture capital firms Index Ventures and AME Cloud Ventures.
Curbside’s mobile app uses location technology to provide users with an accurate guide to the inventories of local shops, which they can use to buy goods online. They can then collect the goods from outside the shop, without browsing in-store, queueing or parking.
The company plans to use the funding to expand its service, currently available at outlets of big box retailers Target and Best Buy in the San Francisco Bay Area, to new markets and retailers.
Curbside raised $8m in an October 2014 series A round led by Index and backed by O’Reilly AlphaTech Ventures, the corporate venturing arm of media company O’Reilly Media, as well as AME Cloud Ventures, Innnovation Endeavors, Chicago Ventures, TenOneTen and WGI Group.
The company’s series A investors had already provided it with $1.5m in seed funding the previous year.
– Photo courtesy of Curbside