The Alphabet-backed smart vending operator is set to close down in the next two weeks having been valued at $100m in its last round.
US-based automated retail technology developer Stockwell will shut down at the start of July after raising $45m from investors including internet and technology conglomerate Alphabet, TechCrunch reported on Tuesday.
Stockwell provides small automated vending machines that stock a variety of snacks and household items, for installation in places such as university campuses or businesses. It maintains the machines and customers can pay for items through the Stockwell app.
However, the coronavirus lockdowns have led to many of those locations essentially…
