The Owl Solutions, a Toronto, Canada-based supply chain analytics company, raised $250,000 in Seed funding.
The round saw participation from The Ontario Centre of Innovation (OCI) through their Ready 4 Market co-investment fund.
Founded in 1987, Ontario Centres of Innovation is a not-for-profit venture capital organization based in Toronto, Ontario. The firm prefers to invest in sectors such as advanced health technologies, information, communications and digital media, advanced manufacturing, cleantech including energy, environment and water, and social innovation.
Owl Solutions Use of Funds
The company intends to use the funds to accelerate expansion and product development.
About Owl Solutions
Led by CEO Hugo Fuentes, The Owl Solutions is a supply chain analytics company committed to enhancing supply chain performance for mid-sized manufacturers through data-driven insights and actionable solutions. It provides visibility and support, empowering clients to optimize their supply chain processes. Leveraging the funding resources, the company aims to invest in tools to bolster sales and marketing efforts and funnel funds towards the development of innovative product modules, including their upcoming launch of “Wiseview.” Wiseview, a high-performance supplier network, empowers manufacturers and their suppliers to achieve alignment, mitigate the risk of business disruptions, cultivate a performance-driven culture, and strengthen customer-supplier relationships through open communication.
Company: The Owl Solutions, Inc.
Round: Seed Round
Funding Month: September 2023
Additional Investors: The Ontario Centre of Innovation (OCI)
Company Website: https://www.theowlsolutions.com/
Software Category: Supply Chain Data Analytics