Smart checkout tech venture Trigo raises $60 million
Frictionless shopping outfit, Trigo, has announced a $60 million Series B funding round led by 83North.
This brings the Israel-based company’s total funding to $94 million.
The new funds will, according to a press release, “be used to scale its ability to meet growing demand, boost R&D, and expand its global presence”.
Existing investors joined the new round, including Vertex Ventures Israel, Hetz Ventures, Red Dot Capital Partners, Tesco, and Morrag Investments.
Tesco has also been working on a trial with Trigo at a Tesco Express convenience store at its headquarters.
Guus Dekkers, Tesco Chief Technology Officer, says: “We’re delighted to be working with Trigo as they continue to grow their business.”
“Together, we have made great progress testing the frictionless checkout solution in our trial store in Welwyn Garden City and we are excited by this technology and the opportunities it brings.”
