GroupUps
Group buying power for small business
INVESTMENT COHORT / Q4 2021
INVESTMENT STAGE /Pre-Seed
GroupUps (fka, The Convoy) combines the buying power of small businesses to negotiate special offers on the products and services they use every day in a market network that drives value for participating buyers and suppliers.
SMBs typically do not benefit from the advantages of purchasing in bulk. COVID19 drove that pain-point home in a very acute, tangible and powerful way. A one-stop-shop platform that serves as a technology-enabled Group Purchasing Organization for SMBs will create a lot of value, and in turn can capture some value for itself. Such a platform can drive profitability for the SMBs that join the platform, thereby acting as an economic multiplier.
“Brian and Lisa have relevant experience, they have high signal with the right connections, and they have diverse backgrounds / perspectives that you’d be hard-pressed to find elsewhere. Couple that with a rolled up sleeves mentality, and you have the ideal investor.
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