Turnpike
Financials
Estimates*
EUR | 2017 |
---|---|
Revenues | <1m |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $960k | Early VC | |
* | SEK28.0m | Late VC | |
Total Funding | €4.0m |
Related Content
Recent News about Turnpike
EditTurnpike Group operates in the retail technology sector, providing a connected wearable platform designed to enhance communication among frontline retail staff. The platform leverages smartwatches to deliver real-time, action-based communication, thereby eliminating the need for traditional, often disruptive, communication tools like ear pieces, walkie talkies, and loudspeakers. This solution aims to improve staff efficiency, increase sales, and boost employee satisfaction. Turnpike Group primarily serves retail businesses looking to optimize their in-store operations and customer service. The company generates revenue through a subscription-based business model, charging clients for access to its platform and associated services. The market for Turnpike Group includes retail chains in Sweden, the Nordics, and expanding into Europe, the UK, and the US. The company's value proposition lies in its ability to turn operational pain points into solutions, thereby driving productivity and profitability for its clients.
Keywords: wearable platform, retail technology, smartwatches, real-time communication, staff efficiency, sales increase, employee satisfaction, subscription model, operational optimization, retail chains.