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Addie's is a retail grocery company based in Norwood, Massachusetts, that operates a dedicated drive-up store model where local customers place orders via a mobile application for scheduled curbside pickup. The company eliminates traditional consumer shopping aisles to focus entirely on fast inventory management, loading bagged groceries directly into the personal vehicles of busy suburban families. The enterprise opened its first physical concept location in January 2023, offering starting employee wages of $20 per hour before permanently ceasing operations and closing the facility in June 2023. Prior to its closure, the grocery retailer raised $10.1 million in seed funding backed by recognizable institutional investors including the Disruptive Innovation Fund, Rose Park Advisors, and Matt Christensen. Addie's was originally founded in 2022 by the entrepreneurial executive team of Jim McQuade, Jeremiah Strauss, and Patrick Cates.
Addie's has raised $10.1M across 1 funding round.
Addie's has raised $10.1M in total across 1 funding round.
Addie's has raised $10.1M across 1 funding round. Most recently, it raised $10.1M Seed in January 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 26, 2023 | $10.1M Seed | Disruptive Innovation Fund, Matthew Christensen | — | Announced |
Addie's has raised $10.1M in total across 1 funding round.
Addie's's investors include Disruptive Innovation Fund, Matthew Christensen.