The Series B round for Witherspoon’s Draper James brand was led by San Francisco-based Forerunner Ventures.
Convenience USA, which operates 170 stores in Alabama, Florida, Georgia and North Carolina, will implement TelaPoint Inc.’s TelaFuel Internet software to manage fuel replenishment.
Convenience USA, a Durham, NC-based convenience store chain, is moving its fuel supply chain to the web. Convenience USA, which operates 170 stores in Alabama, Florida, Georgia and North Carolina, will implement TelaPoint Inc.’s TelaFuel Internet software to manage fuel replenishment.
Convenience USA will electronically process fuel replenishment transactions with preferred fuel carriers to manage petroleum inventories and supply logistics. The company says it expects to achieve lower costs, greater administrative efficiency and enhanced relationships with transportation suppliers. "Our decision to implement TelaPoint`s Internet supply chain solution supports our business strategy to improve operational controls and reduce administrative costs across our petroleum operation," said Troy Seymour, vice president of petroleum operations and strategic planning and development with Convenience USA. "TelaFuel will help us reduce fuel inventory costs and improve the coordination of petroleum supply transactions with our transportation partners."
Founded in 1999, Louisville, KY-based TelaPoint focuses on the convenience store industry.
Convenience USA operates the brands Holiday Market, Kwik Shop, Nugget Store, Gant and Sun Mart.