Celect Closes $15M Series C Funding

Funding Rounds

▤ Summary

Celect , a Boston, MA–based market leader in predictive analytics and inventory optimization for retailers, closed a $15m Series C financing.In conjuntion with the funding, NGP Capital’s Upal Basu and Fung Capital’s Janie Yu joined the Board of Directors.The company will use the funding to expand its engineering and sales teams, further enhance its patented technology solutions, and grow its market share.Led by CEO John Andrews, Celect is a cloud-based, predictive analytics SaaS platform that allows retailers to optimize their overall inventory portfolios in stores and across the supply chain.The technology allows retailers and brands to predict future buying patterns and behavior (both online and in-store) so they can make profitable merchandising, allocation and fulfillment decisions.

$ Funding

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Amount $15.0M Total raised
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Date December 13, 2018 Announcement date
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Investors Nokia Growth Partners, August Capital, Activant Capital, Fung Capital Lead investors
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Company http://celect.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Software SaaS Online Solutions

▦ Linked Companies

Celect
$1M to $5M