Impact Analytics, a Linthicum Heights, MD-based provider of retail, grocery, CPG, and supply chain-focused planning and merchandising software with native AI, has raised $40 million in growth funding.
SaaS Investors
The round was led by Sageview Capital, with additional support from Vistara Growth.
Sageview Capital is a private investment firm focused on partnering with industry-defining innovators to build enduring software and tech-enabled businesses. With over $2.0 billion in assets under management, Sageview Capital collaborates with entrepreneurs on a custom approach, leveraging its decades of experience, operational expertise, and network in scaling many successful companies. The firm invests for the long-term and has guided many of its portfolio companies to IPO or acquisition—and beyond.
As part of this transaction, Jeff Klemens, Partner at Sageview Capital, and Prashanth Palakurthi, Senior Advisor at Sageview Capital and founder and former CEO of Reflexis Systems, will join the company’s board of directors.
Impact Analytics Use of Funds
The company will use the funds to expand sales, marketing, and customer service teams, ensure technology platform leadership, deepen strategic partnerships, and strengthen the balance sheet for future growth opportunities.
About Impact Analytics
Founded in 2015, Impact Analytics is an AI company that offers a suite of fully integrated planning and merchandising solutions, covering demand forecasting, pricing optimization, assortment alignment, inventory management, and financial planning. Used by numerous global brands and retailers, Impact Analytics is committed to empowering retailers with the AI and advanced analytics tools they need for success.
Funding Details
Company: Impact Analytics, Inc.
Raised: $40.0M
Round: Growth Round
Funding Month: January 2024
Lead Investors: Sageview Capital
Additional Investors: Vistara Growth
Company Website: https://www.impactanalytics.co/
Software Category: Retail AI Solutions
Source: https://www.businesswire.com/news/home/20240109596839/en/