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- TakeOff
TakeOff Valuation, Funding & Investors
TakeOff is valued at $600M as of December 2021.
Last TakeOff valuation
$600M
Series D · Dec 2021
Last TakeOff funding round
$85M
Series D · Dec 2021
Cumulative funding TakeOff raised
$146M
across 5 funding rounds
Key investors in TakeOff
IGNIA
H20 Capital
Forrestal Capital
Ataria
About TakeOff
TakeOff is a Kansas City-headquartered provider of automated grocery fulfillment systems for supermarkets transitioning to e-commerce. Its micro-fulfillment centers process orders using AI-driven picking robots, reducing assembly times by 40 percent compared to manual methods. The platform integrates with grocers' inventory systems for same-day delivery fulfillment. Deployed in stores across the Midwest United States, TakeOff enables chains like Price Chopper to scale online sales without new warehouse builds.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$600M (Dec 2021)
TakeOff Valuation
TakeOff is currently valued at $600M, based on its Series D in December 2021.
TakeOff's valuation has grown 3.3x from $180M at its Series B in November 2018 to $600M in December 2021, across 3 priced rounds.
TakeOff valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series D | $600M |
| Sep 2019 | Series C | $500M |
| Nov 2018 | Series B | $180M |
TakeOff Funding History
TakeOff has raised a total of $146M across 5 funding rounds.
TakeOff's first fundraising round was a $3M seed round in November 2016. The most recent completed round was a $85M Series D in December 2021.
TakeOff funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series D | - | $85M | $600M | TakeOff Technologies is a Waltham, Mass.-based developer of automated grocery fulfillment solutions, providing microfulfillment centers (MFCs) that use robotics to store groceries in compact vertical rows and assemble orders quickly. The company licenses its robotics technology from Knapp and has partnerships with major grocers including Albertsons, Ahold Delhaize, Wakefern, Sedano’s in the US, and Woolworths in Australia. Each MFC costs about $4 million to install and can generate annual sales of $30 million-$50 million per center, though these figures refer to client grocer sales volume, not TakeOff's revenue. TakeOff raised a total of $164.62M across 9 or 10 funding rounds, with investors including 5 entities, one of which is Woolworths Group in a later asset sale. An earlier Series C round raised $25M led by Forrestal Capital for 5% of the company at a $500M valuation, bringing total funding at that time to $86M since founding in 2016. The 2021 funding supported scaling across North America, Europe, and Australia, and developing Version 2.0 of its MFC solution. However, TakeOff later faced challenges, filing for bankruptcy/admin in May 2024 and undergoing an asset sale on August 21, 2024. |
| Sep 2019 | Series C | Forrestal Capital (lead); H20 Capital; IGNIA | $25M | $500M | Takeoff Technologies, founded in 2016 by José Vicente Aguerrevere and Max Pedró and based in Waltham, Massachusetts, develops microfulfillment centers (MFCs) for grocery retailers, enabling automated online grocery order fulfillment using robotics and AI to assemble orders rapidly at lower costs than traditional eCommerce. The company partners with major chains including Albertsons, Ahold Delhaize, Wakefern, Sedano’s in the US, and Woolworths in Australia, operating several MFCs with plans for expansion across North America, Europe, and Australia. In September 2019, it closed a $25 million Series C round led by Forrestal Capital with participation from H20 Capital and Ignia, representing 5% of the company at a $500 million post-money valuation, bringing total funding to $86 million. The proceeds fund MFC rollout scale and enhancements, coinciding with the announcement of Version 2.0 MFC design featuring smaller footprint, 6% faster order picking, increased storage, and autonomous mobile robots for tote transport. This iteration optimizes installation and operations while avoiding human obstacles. Takeoff's technology leverages exclusivity with Knapp for automated warehouse solutions, focusing on cost-efficient order assembly and last-mile delivery from attached or standalone centers, as demonstrated by its first standalone MFC in Clifton, New Jersey, servicing ShopRite stores. As a pioneer in microfulfillment, Takeoff positions itself ahead of competitors by deploying proven robotics capable of handling 60 orders in minutes. By 2020, the company had grown to 250 employees. |
| Nov 2018 | Series B | IGNIA (lead); H20 Capital | $21M | $180M | TakeOff Technologies Inc., founded in 2016 and based in Waltham, Massachusetts, develops automated grocery fulfillment systems for online grocery retailers. The platform integrates retailers, real estate, and automation technology to connect directly with consumers, using robots in micro-fulfillment centers to reduce last-mile and assembly costs. This enables grocers to adapt to e-commerce demands, as demonstrated by its partnership with Albertsons Companies. In a Series B round dated around April 2019, TakeOff raised $36.65 million from investors including H20 Capital and Ignia Partners, achieving a post-money valuation of $180.04 million at a price per share of $5.91. The company has continued raising capital, with total funding exceeding $86 million, including a recent $25 million round, and further Series B-1 and Series C activity. TakeOff focuses on helping traditional grocers compete in online grocery through flexible, cost-efficient automation. |
| Jan 2018 | Series A | Forrestal Capital (lead); Ataria | $13M | - | TakeOff Technologies raised $12 million in an early stage venture round on January 31, 2018, led by Forrestal Capital with participation from Ataria and others, as part of its efforts in logistics, e-commerce, grocery, and software sectors. The Waltham, Massachusetts-based company develops automated microfulfillment centers (MFCs) for grocery stores, licensing robotics technology to enable fast order assembly using vertical storage and robots. This funding brought total capital to around $33.5 million prior to later rounds. The 2018 round supported initial deployments, including the launch of TakeOff's first automated hyperlocal fulfillment center serving 14 Sedano’s stores in Miami later that year. TakeOff partnered with grocers like Albertsons, Ahold Delhaize, Wakefern, Sedano’s in the US, and Woolworths in Australia. Each MFC costs about $4 million to install and can generate annual sales of $30 million to $50 million per center. Subsequent rounds included a $24 million Series B in October 2018 led by Forrestal Capital, bringing total funding to $46 million, and a $25 million Series C in 2019 also led by Forrestal Capital for 5% equity at a $500 million valuation, raising total funding to $86 million for scaling across North America, Europe, and Australia, plus MFC Version 2.0 rollout. |
| Nov 2016 | Seed | - | $3M | - | TakeOff Technologies raised $10M in a funding round on December 1, 2016. The company, founded in 2016, develops robotics technology for automated microfulfillment centers to support retailers in eCommerce by fulfilling online grocery orders using robots at hyperlocal scale. |
Who has invested in TakeOff?
4 investors have backed TakeOff across its funding rounds, including IGNIA, H20 Capital, Forrestal Capital and Ataria.
Lead investors include Forrestal Capital and IGNIA.
TakeOff Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Nov 2018 | ||
| 2 | Lead | Nov 2018 | ||
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Start Free TrialTakeOff Competitors
TakeOff competitors include listed companies like Betterware de Mexico, Cars.com and THG, and private ones like Brandi, Shogun and Bobbie.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $829M | $152M | $595M | 1.1x | ||
| Publicly listed | $723M | $157M | $608M | 1.4x | ||
| Private | - | - | $591M | - | ||
| Private | - | - | $575M | - | ||
| Publicly listed | $2.3B | $133M | $573M | 0.5x | ||
| Private | $165M | - | $570M | 3.5x |
TakeOff Public Comps
TakeOff is still privately-owned, but its public comps include Betterware de Mexico, Cars.com, THG, Dmall, DocMorris, Bukalapak.com, AO World, Wish, ASOS and Debenhams Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $829M | $152M | 1.2x | 1.1x | 6.6x | 5.4x | |||
| $723M | $157M | 1.4x | 1.4x | 6.5x | 4.8x | |||
| $2.3B | $133M | 0.5x | 0.5x | 9.2x | 9.7x | |||
| $332M | $21M | 1.6x | 1.5x | 24.8x | 20.8x | |||
| $1.4B | ($73M) | 0.6x | 0.6x | (11.6x) | (23.8x) | |||
| $367M | $139M | - | - | - | - | |||
| $1.7B | $103M | 0.4x | 0.4x | 6.4x | 6.0x | |||
| - | ($31M) | - | - | (42.8x) | - | |||
This data is available for Pro users. Sign up to see all TakeOff competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TakeOff
| When was TakeOff founded? | TakeOff was founded in 2016. |
| Where is TakeOff headquartered? | TakeOff is headquartered in Boston, MA, United States. |
| Is TakeOff publicly listed? | No, TakeOff is a private, VC-backed company. |
| What is TakeOff's valuation? | TakeOff was last valued at $600M in its Series D in December 2021. |
| How much funding has TakeOff raised? | TakeOff has raised $146M across 5 funding rounds. |
| What was TakeOff's last funding round? | TakeOff's last funding round was a $85M Series D in December 2021. |
| Who are TakeOff's investors? | TakeOff's investors include H20 Capital, IGNIA, Forrestal Capital and Ataria. |
| Which companies are comparable to TakeOff? | Companies comparable to TakeOff include Betterware de Mexico, Cars.com, Brandi, Shogun, THG and Bobbie. |
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