Invent Analytics, a Philadelphia, PA-based global retail planning solutions provider, has raised $17 million in Series B funding.
Investors
LFX Venture Partners led the investment round, with participation from existing investors European Bank for Reconstruction and Development (EBRD) and Collective Spark.
LFX is a venture capital fund focused on investing in disruptive technologies and new business models that shape the future of global value chains. By leveraging the domain expertise and global scale of partners, LFX offers capital, operational knowledge, data insights, and network access to its portfolio companies.
Use of Funds by Invent Analytics
The company will use the funding to enhance the capabilities of its AI platform, continue to innovate for rising expectations in omni-channel retail, strengthen strategic partnerships, and broaden its team of retail experts.
About Invent Analytics
Founded in 2013, Invent Analytics is a company that provides global retail planning solutions. The company offers AI-powered SaaS solutions designed to help leading brands maximize profits through various aspects of retail planning, including demand forecasting, inventory planning, replenishment, allocation, returns positioning, and pricing. Invent Analytics has offices in the US and globally and has become a trusted partner for over 50 leading global retail chains – including Men's Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below, and GNC.
Funding Details
Company: Invent Analytics
Raised: $17.0M
Round: Series B
Funding Month: April 2024
Lead Investors: LFX Venture Partners
Additional Investors: European Bank for Reconstruction and Development (EBRD), Collective Spark
Company Website: https://www.inventanalytics.com/
Software Category: Retail Planning Solutions
Source: https://www.prnewswire.com/news-releases/invent-analytics-raises-17m-to-help-retailers-maximize-profits-with-supply-chain-ai-and-expand-platform-footprint-302130623.html