The funds from the investment will be used to expand Handshake’s technology to an omni-channel service that allows customers to place orders using a mobile device, the company said. The money will also go toward international expansion efforts.
“Our investors have a deep understanding of the challenges faced by multinational manufacturers and distributors that will be invaluable to Handshake as we execute on our vision,” said CEO Glen Coates.
In addition to Sozo, all of Handshake’s existing investors participated in this round, including Emergence Capital, SoftTech VC, and Boldstart Ventures.
Handshake has raised at least $23.5 million since 2010.