Ventory Closes €1.75 Million in Seed Round
Ventory, a Zaventem, Belgium-based company developing field and remote inventory management software, has closed €1.75 million in seed round.
The round was co-led by Finindus, backed by ArcelorMittal, and Matterwave Ventures, with additional participation from delaware through Ventures by delaware.
Finindus, an investment company based in Belgium, provides early-stage and growth financing (equity and debt) to innovative technology companies, particularly those in materials science, sustainable manufacturing, and Industry 4.0. Finindus is funded by ArcelorMittal and the Flemish Region.
Matterwave Ventures, founded in 2021 and based in Munich, Germany, invests in seed-stage and early-stage industrial hardware and software companies, aiming to empower them to become global leaders.
The company will use the funding to accelerate product development, enable team expansion, and enhance its market presence.
Led by founder and CEO Vishal Punamiya, Ventory specializes in inventory management systems. The company offers a cloud-based solution that integrates with existing ERP and WMS systems to provide visibility and control over inventory, including features such as cycle counting on mobile devices and advanced barcode scanning. Ventory’s SaaS solution is trusted by some of the world’s largest enterprises.
Funding Details
Company: Ventory BV
Raised: €1.75M
Round: Seed Round
Funding Date: September 2024
Lead Investors: Finindus, Matterwave Ventures
Additional Investors: Ventures by delaware
Company Website: https://ventory.io/
Software Category: Field Inventory Management