Moselle, a Toronto, Canada-based AI-powered inventory planner and procurement manager for small- and mid-sized e-commerce brands, has closed a CAD 2.1 million seed funding round.
Investors
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.
AQC Capital a venture capital funds based in Canada, established to support businesses in the startup phase. The fund invests across sectors that aim to bring innovation to global markets. AQC Capital often partners with Insightful Business Angels, leveraging their combined experience and network to provide smart capital to startups.
MaRS Investment Accelerator Fund (IAF) an active early-stage venture capital funds based in Canada, having deployed more than CAD 90 million into over 180 companies, leading to more than 50 exits. Committed to Ontario's innovation ecosystem, MaRS IAF is a multi-sector fund that provides capital, mentorship, and networks to help build globally transformative companies.
Moselle Use of Funds
The company will use the funding to develop its AI-powered inventory forecasting, production planning, and purchasing suite further.
About Moselle
Founded in 2019, Moselle specializes in inventory management and procurement processes for small- and mid-sized e-commerce brands. They provide a single platform for all sales forecasting, production planning, and inventory replenishment. Its automation suite includes accurate demand forecasting, streamlined purchase order workflows, and real-time data reporting. Its mission is to enable small and medium-sized e-commerce brands to automate inventory operations, reduce costs, and accelerate growth.
Funding Details
Company: Moselle Inc.
Raised: CAD 2.1M
Round: Seed
Funding Date: October 2024
Lead Investors: AQC Capital, MaRS Investment Accelerator Fund
Additional Investors: True, Rebellion Ventures, Highline Beta, Top Knot Ventures, Singh Capital
Company Website: https://moselle.io/
Software Category: Inventory Management
Source: https://www.prnewswire.com/news-releases/moselle-closes-oversubscribed-2m-seed-round-to-make-automated-inventory-management-accessible-for-all-brands-302269397.html