News

Phone charging kiosk company raises $5.26 million

Phone charging kiosk manufacturer ChargeItSpot has recently closed its Series A financing with $5.26 million. The money will be used to invest in new technology to improve the kiosks and to expand its sales and client services teams.

December 22, 2015

Phone charging kiosk manufacturer ChargeItSpot has recently closed its Series A financing with $5.26 million. The money will be used to invest in new technology to improve the kiosks and to expand its sales and client services teams, according to a press release.

ChargeItSpot kiosks are designed to store users' phones in lockers while they are being charged. Users can then access their phones after they are finished shopping by entering a code, usually their phone number.

"In the past year, we've more than quadrupled our client base," said Douglas Baldasare, CEO and founder of ChargeItSpot. "The rapid adoption of our phone charging stations underscores the demand for innovation and the traffic and sales opportunities phone charging stations provide for retailers and public venues. This new round of funding will help to support our company's growth so we can continue to provide best-in-class technology and service to our retail clients."

The company has also announced it has developed new charging kiosks that integrate retailer's loyalty programs. The loyalty kiosks come with a card scanner for loyalty cards so that only customers who have opted into the program can use the charging kiosk, according to the release.

"ChargeItSpot has steadily grown into a key player in retail innovation, keeping shoppers charged and retailers engaged with their customers," said Anthony Cambeiro, partner, Robin Hood Ventures. "We participated in ChargeItSpot's earlier convertible note and continue to see enormous potential in Doug and his bold vision for making phone charging as ubiquitous as Wi-Fi."