Centro, a Toronto, Canada-based startup that solves inventory risk and supply chain pain points for small business owners and consumer brands, raised $2M in Pre-Seed funding.
The round was led by Ripple Ventures and 2048VC, with participation from Valia Ventures and Comma Capital.
The company intends to use the funds to expand its selection of offerings to include forecasting and procurement automation features and launch new marketing initiatives throughout North America.
Founded in 2022 by CEO Jamyang Tenzin, and Andrew Liu, Centro provides an automated inventory control center for growing ecommerce brands to condense inventory, procurement, and risk management into a central hub. The platform features automations and alerts that enable brands to save time and money by preventing out-of-stock bestsellers.
FinSMEs
04/10/2023