Smart carts firm A2Z Cust2Mate announces $45 million equity raise featuring various financial institutions

A2Z Cust2Mate Solutions reports the completion of a $45 million equity financing round at $8.00 per share.

This was anchored by Wellington Management, alongside support from existing shareholders Shay Capital, Alyeska Investment Group, Philadelphia Financial, and Linmar Capital.

The funds raised will be used to accelerate the global roll-out of Cust2Mate 3.0 smart shopping carts, establish new fulfillment and logistics centres across Europe, the USA, and Latin America, and enhance the company’s AI driven technology platforms.

Plans are also afoot to fast track retail media deployment, expand advanced data insights capabilities for near-term monetisation, and support the recruitment of talent to drive international growth and innovation.

This closely follows the company securing $55 million in orders from Yochananof, along with an additional $25 million order from an unnamed Central American retailer.

“The oversubscription of this financing round and the participation of leading global financial institutions underscore the strong confidence investors have in A2Z Cust2Mate’s growth and strategy,” says Gadi Graus, CEO at A2Z Cust2Mate.

“Coming on the heels of $55 million in orders from Yochananof and $25 million in orders from a major Central American retailer, we are now fully funded to accelerate global expansion, enhance our retail media and data capabilities, and prepare to monetise these innovations over the coming quarters - all while delivering our industry leading smart retail solutions worldwide.”

“On behalf of the company, I would like to thank our new shareholders, our existing shareholders, including Alyeska, Shay, Philadelphia Financial, and Linmar Capital, for their continued support, and Titan Securities for facilitating this important transaction.”

2025 RTIH INNOVATION AWARDS

Smart carts will be a key focus area at the 2025 RTIH Innovation Awards.

The awards. which are now closed for entries with our finalists and shortlists being announced this week, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering. 

For further information on the 2025 RTIH Innovation Awards, please fill in the below form and we will get back to you asap.