The SaaS startup has developed smart cabinets that use artificial intelligence and computer vision to deliver seamless checkout-free shopping experiences. With fresh funding, Reckon.ai aims to accelerate global expansion and enter new market segments.
- The investment round was led by Iberis Capital, alongside Alea, Touro and previous investors.
- This funding is expected to boost research and innovation in Portugal over the next four years, enhance computing capabilities and expand the functionalities of the smart cabinets.
Lisbon, 29 July 2025 – Reckon.ai, a Porto-based SaaS startup, has raised €5,1M in a funding round led by Iberis Capital, with participation from Alea and Touro. The investment is expected to accelerate global market penetration, advance its autonomous smart cabinet technology, and expand into new verticals.
Combining artificial intelligence and computer vision, Reckon.ai’s smart cabinets offer a fully autonomous shopping experience. Customers simply tap their card, open the door, pick up any products they like, and walk away – no need to stop and pay.
This approach enables access to a more convenient and product-focused shopping experience in locations such as convenience stores, train stations, service areas, hospitals, airports, and others.
“At Reckon.ai, our mission is to redefine how people interact with retail by making shopping seamless, intuitive, and accessible. This investment marks a pivotal moment for us, enabling faster global expansion and continued innovation in autonomous technology. We’re excited to bring the future of retail to more locations and industries, empowering businesses and delighting consumers along the way,” says Ana Pinto, CEO of Reckon.ai.
“When considering a purchase, customers want to hold the products in their hands. Reckon.ai offers this possibility while maintaining autonomous shopping, anytime, anywhere. Moreover, these smart cabinets are both scalable and cost-efficient. That’s why we are proud to support the company in reinforcing their position in this expanding market”, comments João Henriques, Partner at Iberis Capital.
Rui Escaleira, Co-Founder of Alea, says: “At Alea Capital Partners, we are proud to support Reckon.ai in transforming retail through intelligent automation. Our €2 million investment reflects our confidence in Reckon.ai’s ability to grow, and it’s aligned with our strategy of backing B2B SaaS companies with strong product-market fit, scalable technology, expert teams, and a clear path to international expansion. We are excited about Reckon.ai’s growing inbound interest from major retailers and its disciplined scaling, which we believe will unlock significant value in the years ahead.”
“Reckon.ai has a product with strong scalability potential and a highly relevant value proposition that will help revolutionize the retail sector. We are very excited to join forces with Reckon.ai, once again supporting Portuguese companies that innovate and lead the way, even in the most demanding markets worldwide,” says Paulo Pio Correia, Managing Partner at Touro Capital Partners.”
About Reckon.ai
Reckon.ai is a SaaS start-up that has developed patented technology to transform simple product dispensing cabinets into smart cabinets. Reckon.ai enables seamless and autonomous shopping experiences, allowing consumers to handle and purchase products avoiding traditional checkout. Founded in 2019 and headquartered in Porto, Portugal, the company operates in over ten markets. Learn more at Reckon.ai.
About Iberis Capital
Founded in 2017, Iberis Capital is a Portugal-based private equity and venture capital firm with over €600 million in assets under management and a limited partner base of more than 1,250 investors. Combining deep market expertise with a collaborative approach, Iberis Capital partners with entrepreneurs and investors to drive long-term value creation. Visit Iberiscapital.com
About Alea Capital Partners
Alea Capital Partners is an alternative assets investment management firm, focused on structural gaps and long-term macro trends, operating in the Southern European market, starting with Portugal. Alea is currently implementing three investment strategies: Alternative Living Solutions, Industrial Consolidation, and Venture Capital. In our Venture Capital strategy, through our Alea Innovation One — Closed-End Venture Capital Fund — we are deploying €35M of capital, backing B2B SaaS companies with strong product–market fit, scalable technology, experienced teams, and a clear path to growth and international expansion.
More info at our website https://aleacp.com/venture-innovation/
Follow Alea Capital Partners at LinkedIn.
The investment is made by Alea Innovation One FCR in the context of the Plano de Recuperação e Resiliência (PRR), via an investment with the support of the Portuguese Bank of Fomento (Banco Português de Fomento), within the scope of its venture capital program, the aim of which is to support the investment in venture capital funds dedicated to investment in companies thereby fostering the establishment and/or capitalization of businesses, primarily in the early stages, and also to promote market entry and the growth/expansion of viable companies through the development of new products/services or markets.
About Touro Capital Partners
Touro Next is a venture capital fund managed by Touro Capital Partners (www.tourocp.com), focused on early-stage investments in high-potential technology companies, operating out of Portugal with global ambition. With a strategy centered on identifying and accelerating highly qualified founding teams, Touro Next acts as an active partner in the development of disruptive solutions in the fields of artificial intelligence, health and wellness, biotechnology, industry, and sustainability. The fund combines capital with an experienced and complementary team, aiming to maximize the economic and technological impact of its portfolio companies.