Why We Invested:
Imagine if your favorite retailer always had your favorite items in stock, and you never had to wait in line at checkout?
Pass_by is reducing stress and waste in the retail world by supplying advanced tools for predicting consumer behavior to brands, retailers and commercial real estate companies.
Pass_by’s B2B SaaS platform offers a streamlined and affordable way to streamline operations including staffing or predict consumer demand for merchandise and services.
They have assembled an incredible founding team with prior exits, deep product management and analytical expertise to answer universal questions for their clients.
When brands, retailers and building owners have more information, they can operate more efficiently and serve their customers better. They can avoid shipping or disposing of unused, unwanted inventory, make sure stores are staffed properly and predict demand for hot products.
Post pandemic, all businesses need a boost, but this is especially true for facilities-based businesses that rely on foot traffic to survive.
We’re excited to join in this round with several other investors that see the tremendous potential of the team and company.
Market Insights:
- TAM – $5.2 B Global retail analytics market, expected 17.7% CAGR
- SAM – $2B US Retail analytics market
- SOM – $0.3 B US Retail strategy and planning analytics
Steamwork Ventures Value Add:
- Supporting data acquisition plans and industry introductions
- Business development connections with retailers, brands and CRE
- Introducing supply chain, analytics and financial services mentors