US-based app shopping platform Tapingo, has secured a $22m series C round from backers including Qualcomm Ventures, the investment arm of semiconductor company Qualcomm.
Qualcomm was joined by Kinzon Capital, the corporate venturing arm of manufacturing company Fosun International, and venture capital firms DCM Ventures, Khosla Ventures and Carmel Ventures.
Both Khosla and Carmel took part in Tapingo’s $10.5m series B round in February 2014, while Carmel invested in the company’s $3.5m series A round in July 2012.
The company’s app enables users to purchase products without physically being at the store. The items will then be made ready to collect. The app employs machine learning to record the user’s preferences making each order faster.
Tapingo plans to use the funding to expand its company outside of the college campus sector into local commerce. Tapingo is currently used at more than 85 campuses across the US.
Daniel Almog, chief executive of Tapingo, said: “When you buy a coffee, you should not have to wait in line, pay at a register, then wait again. Your phone should know what kind of coffee you like and make sure it is available for you — where you need it, when you need it.”