autone, a London, UK-based startup that aims to maximize business growth through data-driven inventory optimization, has raised €4.2 million in seed funding.
The round was led by Speedinvest, Seedcamp, and Y Combinator, with participation from new investors Motier Ventures, Financière Saint James, Kima Ventures, Purple, Better Angle, and 2100 Ventures.
Speedinvest is a venture capital fund with more than €1B to invest in pre-seed, seed, and early-stage tech startups across Europe. The firm seeks to make investments in the deep tech, fintech, health, industrial tech, marketplaces & consumer, SaaS & infrastructure, climate tech, merging markets, and crypto sectors.
Seedcamp is a seed fund that identifies and invests early in founders attacking global markets. Headquartered in London, launched in May 2007 by a group of 30 European investors.
Founded in 2005, Y Combinator (YC) is a startup fund and program, based in Mountain View, California. The firm prefers to invest in b2b software and services, education, consumer, healthcare, real estate and construction, financial technology, industrials, and government sectors.
autone Use of Funds
The funding will be used to expand its reach in strategic markets, accelerate product development, and strengthen partnerships.
Founded in 2021 by Adil Bouhdadi and Harry Cheslaw, autone is a SaaS platform that optimizes inventory management for retail brands. The company’s inventory management platform is intended to help businesses make optimal decisions easily and quickly. autone specializes in maximizing growth for businesses through data-driven inventory optimization. By leveraging data analytics, it helps businesses reduce stock-outs and excess inventory.
Company: Autone Trading Limited
Round: Seed Round
Funding Month: October 2023
Lead Investors: Speedinvest, Seedcamp, and Y Combinator
Additional Investors: Motier Ventures, Financière Saint James, Kima Ventures, Purple, Better Angle, and 2100 Ventures
Company Website: https://www.autone.io/
Software Category: Inventory Management