MMicromart provides autonomous micro market technology for unattended convenience retail. It uses modular smart stores—configurable as a Pantry, Fridge, Freezer, or Heating Tower—with secure smart locks; customers pre-authorize payment, select items, and AI sensors detect what was taken, and charges are processed when doors close. It differentiates itself through plug‑and‑play hardware, AI-driven item recognition, dynamic pricing with digital price tags, and a centralized remote management platform for real-time inventory and sales analytics, backed by KitchenMate’s proven track record. Its goal is to reduce operating costs and losses for vending, micro markets, and foodservice operators while expanding 24/7 convenience across the United States and Canada.
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Industries
Company Size
11-50
Company Stage
Series A
Total Funding
$5M
Headquarters
Atlanta, GA
Founded
N/A
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Total Funding
$5M
Below
Industry Average
Funded Over
1 Rounds
Industry standards
BDC Capital's Sustainability Venture Fund led a $5 million Series A round in Micromart, investing $3.5 million in the Toronto-based startup. Micromart designs autonomous smart micro-stores that sell convenience products without cashiers in busy buildings, combining real-time inventory tracking, cashless payment and remote management. The company's platform addresses inefficiencies in the traditional vending machine industry, which has remained largely unchanged for decades. Its computer vision technology tracks customer selections automatically, whilst providing operators with data-driven insights on product performance and consumer behaviour through a mobile app. The investment aligns with BDC's focus on capital-light technology companies that improve efficiency and reduce waste. Micromart's system reduces spoilage through dynamic pricing on near-expiry items and streamlines distribution. The company expects to have over 3,000 smart stores deployed by Q4 2026.
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Industries
Company Size
11-50
Company Stage
Series A
Total Funding
$5M
Headquarters
Atlanta, GA
Founded
N/A
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs