StoreToDoor Closes $1.25 Million Seed Raise
We’re proud cheerleaders of StoreToDoor and would like to commend them on their continued success. Find out more about the quickly growing delivery service below.
Today, StoreToDoor announces the closing of a CAD $1.25 million seed raise. The investors include Inverted Ventures (Calgary, AB), LEX Capital Corp. (Regina SK), Golden Opportunities Fund (Saskatoon, SK), Startup TNT (Saskatoon, SK), and numerous angel investors from across Western Canada.
StoreToDoor is a platform that allows retailers the ability to offer customers a cost-effective, same-day delivery service. StoreToDoor allows you to track and brand the process for the delivery experience, as well as facilitate the delivery. StoreToDoor is an extension of the retailer’s business as they ensure the brand loyalty is intact until the final touch happens with the end customer. Unlike other delivery services, StoreToDoor does not take a percentage of the sale from the business’ orders; their business model is rather a simple ‘pay-per-delivery’ and prices are adaptable based on volume of deliveries. With the growing sentiment for “shop local”, now is the best time for retailers to capitalize on this by improving the e-commerce experience, which is also a means of strengthening delivery.
StoreToDoor is a Saskatchewan company, headquartered at Cultivator, a Regina-based tech incubator for high-growth startups. The business is currently operating in markets from 25 cities in Canada including cities in Alberta, Saskatchewan, Manitoba and Ontario. It is expected that the company will be delivering in over 50 Canadian cities by the end of 2022. According to StoreToDoor’s existing clients, the companies have seen measurable growth in their businesses due to the expansion of delivery and having the ability to offer a higher quality of service, quickly and conveniently.
Scott Love, Founder and CEO of StoreToDoor, explains: “when the vision for StoreToDoor came to me in 2019, I was most concerned with our local retailers and the impact they were seeing from large e-commerce companies like Amazon. When Covid-19 hit, and this was even more apparent, it gave me and my fellow founders the sense of urgency to launch a solution to make sure these businesses stayed in our communities and continued to create jobs and support our local ecosystems. We did that in early 2021 and the support has been beyond expectation.”
With the current seed raise, StoreToDoor looks to use the funds to achieve their hiring and revenue milestones as quickly as possible to reach a national scale in 2022. Scott says, “this will not be easy, but we will continue to expand across Canada because we know how important local businesses are to the fabric of our communities.”
To learn more about StoreToDoor, visit storetodoorcanada.com.