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JackBe Raises $11.5M in Capital Funding; Alex Ruhter Shares

JackBe Raises $11.5M in Capital Funding; Alex Ruhter Shares


OKLAHOMA CITY, OK
Friday, March 31st, 2023

JackBe is on a fast track toward development and expansion, as the grocer recently secured new funding. It has raised $11.5 million in capital from various individual investors and strategic partners, such as GP Investments, as well as a successful WeFunder campaign.

Alex Ruhter, Chief Executive Officer, JackBe"We believe that grocery shopping can be better and have embarked on a mission to make buying groceries 'nearly' fun again. With our seed funding and pre-series A funding, we've built and opened the first premier curbside drive-thru grocer in the U.S., to serve people in and around Oklahoma City. Our first store is paving the way to take our concept to suburbs nationwide," said Alex Ruhter, Chief Executive Officer. "The investment validates our concept as well as our vision to foster a fundamental shift in the way people shop for groceries. We look forward to quickly expanding, offering individuals and families alike curbside grocery convenience without compromising on customer care, value nor quality."

JackBe allows shoppers to eliminate in-store shopping and gain the ultimate in convenience via the JackBe mobile app. JackBe opened its first store in Oklahoma City, Oklahoma, in January 2023. The grocer guarantees no substitutions 100 percent of the time, according to a press release. Every item is hand-picked with an emphasis on freshness and food safety. There are no membership or delivery fees.

JackBe has raised $11.5 million in capital from various individual investors and strategic partners, such as GP Investments, as well as a successful WeFunder campaign

JackBe's technology-powered drive-up grocery model is on track to offer an excellent alternative to the mix of grocery options, the release stated. Its business model is making curbside pickup profitable by redesigning the grocery shopping experience to meet and fulfill the needs of customers.

As the future of grocery shopping continues to evolve, drive-up grocers look to be a segment that will expand in the grocery space.

To keep an eye on the market, stick with us at DMN.

JackBe
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