Storelift raised €5 million in a funding round led by Cap Horn and LocalGlobe

Storelift, a Paris, France-based company which develops independent and connected stores, secured a capital round of €5 million ($5.6M) in a funding round.

The money was raised from investors led by Cap Horn and LocalGlobe, with the participation of business angels.

Proceeds will be used to deploy its connected convenience stores.

Storelift, founded in 2018 by David Gabai and Tom Hayat, develops technologies combining retail and digital to offer connected and autonomous convenience stores. This technology makes it possible to supply customers at all hours, every day. The startup has developed an AI-based container store called Boxy. Available near businesses or areas where shops are scarce, this container houses a cashless store, where customers do their shopping and pay using the Boxy application.