Quantia, a Poland-based startup that helps boost sales for consumer brands with AI-driven recommendations, raised $1.2 million in pre-seed funding.
Investors
The round was led by Inovo VC, a Polish private equity firm, and Team X, a Dubai-based provider of cloud transportation software solutions. Notable business angels Ariel Finkelstein, Dominique Locher, and Ben Lang also participated.
Founded in 2011, Inovo VC is a venture capital firm based in Warsaw, Poland, focusing on pre-seed, seed, and series A stage companies across Central and Eastern Europe.
Team X is a Dubai-based provider of cloud transportation software solutions.
Quantia Use of Funds
The company will use the funding for further product development and to facilitate growth in Western Europe, primarily in the UK, Nordics, Spain, and Germany.
About Quantia
Founded in 2023 in Poland by Marta Lacka, Quantia helps brand managers boost product sales and data management productivity by providing up-to-date insights across all channels (online & offline) along with AI-driven actionable sales strategies. The system autonomously analyzes key attributes, including product availability, pricing dynamics (both regular and promotional), stock levels, and volume and value sales data. Among its customers are Asahi Europe, Groupe SEB, Nespresso, and Procter & Gamble.
Funding Details
Company: Quantia, Inc.
Raised: $1.2M
Round: Pre-Seed
Funding Month: May 2024
Lead Investors: Inovo VC, Team X
Additional Investors: Ariel Finkelstein, Dominique Locher, Ben Lang
Company Website: https://quantia.ai/
Software Category: Ecommerce Solutions
Source: https://ain.capital/2024/05/20/quantia-secures-1-2m-inovo-vc/