Steamboat Springs’ U Grok It business raises $200K | SteamboatToday.com

Steamboat Springs’ U Grok It business raises $200K

Steamboat’s Carrie and Tony Requist, owners of U Grok It, announced Wednesday the closing of their seed funding round, with the completion of a $200,000 convertible note by five investors, according to a news release.

The investment allows U Grok It — a smartphone attachment that allows people to locate, identify, track and inventory items using economical radio-frequency identification tags, or RFIDs — to create about 20 demo units for customer and partner testing as well as begin taking pre-orders.

The product makes the supply chain technology more affordable for small- and medium-sized businesses, according to the release.

“Completing this round of funding is another vote of confidence that U Grok It will succeed,” Carrie Requist said.

Support Local Journalism

Find more information about the product at http://www.ugrokit.com.


Support Local Journalism

Readers around Steamboat and Routt County make the Steamboat Pilot & Today’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

 


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.