Hakio, an Aarhus, Denmark-based SaaS company that uses machine learning to optimize inventory management, reduce waste, and enhance efficiency in fashion production, secured a €4 million seed funding.
SaaS Investors
The round was led by People Ventures and Dreamcraft Ventures, with participation from existing investors Blazar Capital and Founderment.
Founded in 2016, People Ventures is a venture capital firm based in Taastrup, Denmark. The firm is industry-agnostic and seeks to invest in early-stage technology companies operating in digital health, enterprise software, and SaaS sectors.
Dreamcraft Ventures is a venture capital firm based in Copenhagen, Denmark. Founded in 2014, the firm seeks to invest in European tech-driven companies from pre-seed to series A.
Hakio Use of Funds
The company will use the funding to fuel team expansion, platform development, and market expansion across Europe, as Hakio aims to revolutionize fashion planning and operational efficiency while reducing environmental impact.
About Hakio
Founded in 2021 by Malte Bjerg Vittrup and Simon Kristensen, Hakio is a company that developed demand planning software designed to maintain inventory levels for eCommerce companies. The company's SaaS-based software combines supply chain, data science, and software development to create tools for data-driven decision-making, enabling clients to optimize their inventory levels based on forecasting ActLogorithms through an interactive and user-friendly web platform. Partnering with industry giants like Jack & Jones and Only, Hakio's platform analyzes extensive data to provide actionable insights, streamlining planning processes.
Funding Details
Company: Hakio ApS
Raised: €4.0M
Round: Seed Round
Funding Month: February 2024
Lead Investors: People Ventures and Dreamcraft Ventures
Additional Investors: Blazar Capital and Founderment
Company Website: https://hakio.com/
Software Category: Demand Planning Software
Source: https://arcticstartup.com/hakio-raises-e4m-seed/