- Raised $3M funding round, Jun 2016
About
kwik offers an IoT solution that enables automatic ordering based on actual product usage, bringing a new level of convenience and ease of use to consumers. The company is changing the paradigm from user-based ordering, in which the user initiates all orders, to usage-based replenishment. kwiks IoT solution uses sensors and advanced machine learning algorithms to detect usage and calculate inventory levels for consumables such as coffee pods, water, dishwasher and laundry detergents, and more. With kwik, consumers can be assured that they will never run out of their favorite products. Brands and retailers benefit from lower supply chain and delivery costs and increased customer loyalty while gaining valuable real-time statistical data on user habits and engagement. The kwik solution has already been deployed by leading brands and retailers worldwide, delivering proven benefits to consumers, brands, and retailers.
Funding history · 1 round · $3.0M total
Q&A
- What is Kwik's primary business?
- Kwik offers an IoT solution that enables automatic product reordering based on actual usage, shifting from user-initiated to usage-based replenishment for consumables.
- When was Kwik founded?
- Kwik was founded in March 2013.
- What is Kwik's current status?
- Kwik is currently inactive, with its status changed in October 2020.
- How much funding has Kwik raised in total?
- Kwik has raised a total of $3,000,000 USD.
- When was Kwik's last funding round and who were the investors?
- Kwik's last funding round occurred in June 2016, with investors including Relay Ventures and Polytech Ventures.
- What technologies does Kwik utilize in its solution?
- Kwik's IoT solution uses sensors and advanced machine learning algorithms to detect usage and calculate inventory levels.
- What are the benefits of Kwik's solution for brands and retailers?
- Brands and retailers benefit from lower supply chain and delivery costs, increased customer loyalty, and valuable real-time statistical data on user habits and engagement.
Team · 3
Sectors & technology
Highlights
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| facebook.com/kwik.me | |
| YouTube | youtube.com/channel/UCT2msv20VwagGFP1qrAnNXQ |
Identifiers & details
| Former names | WeFind |
|---|---|
| Founded | 2013-3 |
| Employees (exact) | 6 |
| Status reason | Non Active, Oct 2020 |