MakerSights Raises $3.1M in Funding

MakerSights, a San Francisco, CA-based product decision platform for retail, raised $3.1m in funding.

Backers included:
– Steve Anderson, founder of Baseline Ventures;
– Hayley Barna, partner at First Round Capital;
– Bill McComb, former CEO of Kate Spade and Lucky Brand;
– Elizabeth Spaulding, senior partner at Bain & Company; and
– Jeff Epstein, operating partner at Bessemer Venture Partners.

Led by Dan Leahy, co-founder and CEO, MakerSights provides a product decision platform for retail. Its AI-driven technology partners with product teams to support informed decision-making at every stage of the creation and go-to-market process, from ideation to line planning and sell-in.

MakerSights accurately predicts which styles will be winners and losers, eliminating risk at all product development stages, correlates feedback from existing and potential consumers with historical sales data and product professionals’ creative intuitions to serve up stage-specific recommendations on how to take action. Teams can use the platform to validate entire assortments, product attributes, or what will appeal to target demographics – before time and money are committed.

Top apparel, footwear and accessories brands worldwide—including Levi’s, J.Crew, Madewell, Shinola, Taylor Stitch, HOKA ONE ONE and Allbirds—have used MakerSights to measure consumer appeal for new concepts, to make sustainable choices and increase profitability of assortments across regions, channels and key accounts.

The company is now operating in North America, EMEA and APAC.

FinSMEs

05/02/2019