Merqato Raises Funding Round

Merqato Raises Funding Round

Merqato, an Amsterdam, Netherlands-based AI-driven platform to optimize operational planning, has raised funding round.

The investment was from Smarter Ventures.

The funding will bolster Merqato's innovation efforts and expansion plans, helping European fruit and vegetable companies reduce costs and food waste.

Founded in 2023 by Claire Bénard, Jan-Willem Snoeker, and Thomas Beelaerts, Merqato focuses on optimizing operational planning for the fresh produce sector. They utilize AI and predictive algorithms to enhance the supply chain and employ AI-driven forecasts to match supply and demand in the fresh produce market. The platform integrates a company’s operational data with external data sources, such as weather conditions, energy prices, retail promotions, and market trends, to provide more accurate insights and predictions.

Funding Details

Company: Merqato

Raised: Undisclosed

Round: Unknown

Funding Date: October 2024

Lead Investor: Smarter Ventures

Additional Investors:

Company Website: https://www.merqato.eu/

Software Category: AI Planning and Forecasting