Calico, a Toronto, Canada-based developer of the first AI-powered smart supply chain management platform, announced that it raised $2 million in seed funding bringing funding total to date to $2.15 million.
The round was led by Serena Ventures, with participation from Maple VC, Inovia Capital, Hyphen Capital, and a group of early Shopify employees, as well as Allen Shim, former CFO of Slack, Jeremy Lai, CEO of Italic, and Deborah Liu, CEO of Ancestry.
This new round of investment will help Calico solve these challenges through our platform and factory network.
Company: Calico
Raised: $2.0M
Round: Seed Round
Funding Month: March 2022
Lead Investors: Serena Ventures
Additional Investors: Maple VC, Inovia Capital, Hyphen Capital, Allen Shim, Jeremy Lai, and Deborah Liu
Company Website: https://www.calicoai.com/
Software Category: AI-powered smart supply chain management platform
About the Company: Calico believes that supply chains can be better. With its first-to-market, AI-powered smart production management platform, the company is helping retailers modernize global manufacturing and simplify complexities within their supply chain ecosystem. Calico enables brands to reduce expensive production errors, get their products to market faster, and access a coveted network of vetted sustainable factories around the world. Calico is ultimately proving how software and world-class service in manufacturing can unlock unlimited potential for brands to scale.
Source: https://www.prnewswire.com/news-releases/calico-secures-2-1m-led-by-serena-ventures-to-revolutionize-modern-supply-chains-301496935.html