Led · Seed · Jan 2022

EasyBins operates an online marketplace that gives consumers access to in-stock groceries at multiple local stores, consolidates orders at nearby micro-fulfillment centers, and delivers them in temperature-controlled bins. The company is based in Springdale, Ark. The article reports a $400,000 matching investment from the Arkansas Venture Capital Development Fund (AVCDF) of the Arkansas Venture Capital Investment Trust (AVCIT). The Arkansas Development Finance Authority (ADFA) administers the fund and the trust. This AVCDF investment follows EasyBins' now-oversubscribed $2 million late-stage seed round. The coverage does not disclose valuation, equity stakes, revenue, user metrics, or detailed future plans. EasyBins operates an online marketplace that lets shoppers access groceries in-stock at local stores and have them delivered together by a single driver in a temperature-controlled bin. The company uses existing infrastructure and technology to accelerate adoption of online grocery shopping and delivery in suburban markets. Led by founder and CEO James Farmer, EasyBins coordinates deliveries so one driver can deliver consolidated orders from local stores. Its service targets suburban grocery logistics where consolidated, temperature-controlled delivery can improve efficiency. The company intends to use new funding to expand its geographic footprint and to invest in technology and staff. EasyBins is based in Springdale, Ark.