Ukrainian-Estonian startup Recoshelf secures €100,000 investment

Recoshelf, an Estonian-based startup with Ukrainian roots, has raised €100,000 investment from a Spanish VC firm, Think Bigger Capital, as reported to AIN.UA by representatives of the startup.

  • According to Recoshelf, the funds will help develop its products faster, speed up the product development process, and conclude contracts with new clients.

“Think Bigger’s investment would help Recoshelf to grow their product faster in a dynamic RetailTech environment. They have managed to attract the interest of top retail companies, and we wish the team to meet their expectations soon,” commented Borja De Rivera, Investment Principal at Think Bigger Capital.

  • The Recoshelf product helps digitize retail trading floor operations with the use of IoT and AI, allowing you to control the shelves, identify products, compare prices with those of competitors, and immediately know the need to replenish stocks.
  • In February 2020, Recoshelf raised €30,000 from the Spanish incubator Demium – Think Bigger Capital is its asset management company. Besides, the startup has received funding of $25,000 from the Ukrainian Startup Fund.