Remember the Amazon Dash button? That thing that allows you order certain brands with the press of a, um, button? Well, Kwik makes a similar gadget that any retailer can set up for frequent reorders.
The company raised a $3 million round that was led by Norwest Partners, a Silicon Valley-based firm.
“We’re excited to be in Kwik’s first round of funding,” said Wayne Kimmel, managing partner at SeventySix Capital. “We’re big believers of the convergence of the physical and digital world, of the Internet of Things, and we believe that with our relationships in the consumer and retail worlds we can be helpful to Kwik.”
Kimmel hinted that Philly-based consumer brands might be interested in offering the platform to their customers.
Kwik is the second Israel-based company the firm has invested in, following Omek Interactive, which had a $40 million exit to Intel in 2013.
Here’s a Kwik video (heh):-30-
Angel Investing 101: Founders, pitch with your exit in mind
PA Biotech Center looks to close its $50M Hatch Biofund for early-stage companies
Thanks, goPuff: With $1.6B raised, Q1 2021 was Philly’s best quarter for VC deals in 25 years
Why the bar for women founders is so high when it comes to fundraising
Sign-up for daily news updates from Technical.ly Philadelphia