Rundoo, a company providing independent supply stores with an AI-first system of record, announced its $30 million Series B raise. Battery Ventures led the raise that allows Rundoo to continue supporting small businesses like hardware, paint, lawn and garden, farm and feed and lumber stores.
“Our clients supply the materials that allow our communities to build and care for the world around us, and our technology helps them do that better and more efficiently,” Nick Hershey, Rundoo’s CEO, said in a statement. “With continuing competition from big-box stores, macroeconomic challenges like tariffs and oil shocks and ever-changing consumer expectations, owning an independent supply store is a challenging endeavor. Our platform gives independent store owners the same operational power that much larger corporations use to grow revenue and expand.”
The company’s Series B funding round brings its total venture capital to $48 million to date. Rundoo plans to invest this latest tranche in expanding its engineering team in Redwood City and its go-to-market team in Chicago. The company counts more than 500 stores across the U.S., Canada and the Caribbean among its customers and plans to invest in additional technology for these businesses.
