Cultivation Capital Invests in Aisle411
Cultivation Capital announces its investment into mobile technology firm aisle411.
Cultivation Capital has made an investment of $250,000 investment into its newest portfolio company, while leaving the door open to follow-on investment as aisle411 continues to grow.
“aisle411 is the clear mobile platform leader in indoor mobile navigation leveraging indoor product and location data,” says Peter Esparrago, General Partner of Cultivation Capital. “The market traction from retailers, brands, and technology partners has given aisle411 a significant positive momentum.”
Peter Esparrago has joined the board of aisle411 and will be working closely with the company on behalf of Cultivation Capital.
Founded in 2008, aisle411 was the first to market with a mobile product search service using retail product location information. aisle411 provides a comprehensive in-store search and navigation solution for consumers via mobile technologies with support for iOS and Android devices. With offices in St. Louis, Missouri and Palo Alto, California, aisle411 is positioned for rapid growth across retail locations in the U.S. and internationally.
The aisle411 team has developed partnerships with top-brands including Coca-Cola, General Mills, and McCormick. Over 9,000 indoor maps are powered by aisle411, with top retailers including Walgreens and several grocery store chains. More retailers are in final discussions with aisel411 to join the platform soon.
Cultivation Capital continues to support Missouri technology companies as they expand to a national stage. The investment of aisle411 is a great example of the high-growth startup companies in Missouri with potential for national and international impact.
Cultivation Capital is a venture capital firm investing in early stage technology companies in Missouri. Interested entrepreneurs can submit an application for consideration at cultivationcapital.com/apply.