Autonomo
Sector
Digital Transformation
AI-enabled Autonomous Stores SaaS
Investment Year
2022
Date
28-Dec-2022
Advisors:
Rüping Schroeder Reschantwälte (DE)
Gerlich/Bönig (DE)
Papapolitis & Papapolitis (GR)
Candesic (UK)
Alter Domus (CY)
Bankers:
Barclays (UK)
For more Visit Website
“We are incredibly excited to work with Brookstreet. We met through our Harvard University ties and from our first conversation I sensed a shared drive to build something special. Together we will revolutionise retail. ”
About
Autonomo is a German based developer of autonomous retail store software, whose proprietary solutions revolutionise brick and mortar instore operations, shopper insights and efficiencies, to grow sales and profit margins. Autonomo tackles the biggest shopper frustrations: (i) shoppers never queue again (tap, walk, shop) and (ii) better on-shelf availability with fresher products. Autonomo utilises Artificial Intelligence (A.I.) and Computer Vision (C.V.) to offer Free Check Outs, Dynamic Pricing, Live Inventory Management and Customer Insights. The net result is shopper convenience and retailer profits. Autonomo won the 2022 Harvard Alumni Entrepreneurs Accelerator Prize.
Brookstreet Completes Investment in Autonomo
Brookstreet Equity Partners, “Brookstreet”, completed its investment in the export-driven nanotechnology firm NanoPhos S.A. The deal blends the financial expertise and commercial support of Brookstreet with the exponential growth of NanoPhos and the expansion drive of its CEO, Dr. Ioannis Arabatzis.
Brookstreet’s Managing Partner (CEO), Omiros Sarikas stated:
"We welcome Autonomo to the Brookstreet family. We first met James via our extensive involvement with Harvard Alumni Entrepreneurs (HAE). We were impressed with the team (including Patrick, Steven and Christoff) and the support they have from C-level execs with experience at Carrefour, EDEKA, Waymo, Topi and Delivery Hero. During our evaluation journey we engaged Candesic (with experience in 500+ deals and $10BN+ of transactions) to talk to customers, prospects and our network of EIRs. The applications include from urbans stores to universities, hotels, petrol stations etc and retailers look to tech experts to capitalise the opportunity. Autonomo offers a full SaaS Cloud Suite enabled by their AI/CV technology. The Partner performing Commercial Due Diligence asked us even to co-invest”.
