Moselle, a Toronto, CA-based AI-powered inventory planner and procurement manager for small- and mid-sized e-commerce brands, raised $2M in funding.
The round was led by AQC Capital and MaRS Investment Accelerator Fund, with participation from True, Rebellion Ventures, Highline Beta, Top Knot Ventures, and Singh Capital.
The company intends to use the funds to further develop its AI-powered inventory forecasting, production planning, and purchasing suite.
Led by Founder and CEO Lakhveer Jajj, Moselle provides consumer brands of all sizes with a customizable platform that centralizes sales forecasting, production planning, and inventory replenishment, empowering them to automate operations, save costs, and accelerate growth. Born out of the Highline Beta Venture Studio and used by Fable, AeroPress, and Sahajan, the company promises its solution saves brands 15 hours per week on inventory management, improves forecasting accuracy by 80%, and reduces stockouts by 16% on average.
In the near future, Moselle customers can also expect:
- Advanced AI to further automate manual work for merchants
- New, automated collaboration and demand forecasting features
- Tools for optimizing cash flow and securing financing
FinSMEs
08/10/2024