Cogsy, a London, UK-based real-time operational intelligence and supply chain management platform for SME e-commerce merchants, raised $6m in seed funding.
The round was led by Accel with participation from Bain Capital Ventures, WooCommerce (Automattic), Sugar Capital, and RiverPark Ventures. Angel investors including Casey Armstrong (CMO, ShipBob), Jay Myers (co-founder, Bold Commerce), Brian Long (co-founder and CEO, Attentive), Tomer Tagrin and Omri Cohen (co-founders, Yotpo) also participated in the round.
The company intends to use the funds to make key hires at all levels across functions and geographies, to build on the platform’s features, including its predictive analytics and planning UI/UX, develop more integrations and move towards its goal of being a tech-stack agnostic platform for operational intelligence.
Co-founded by Adii Pienaar (CEO) and Stefano Sala (CTO) in 2021, Cogsy provides a real-time ops intelligence and supply chain management platform for small and medium-sized retail brands. With Cogsy, brands can automatically forecast sales, create recommended purchase orders, visualize purchasing patterns and facilitate backorder purchases.
Inventory is updated in real-time and visible for all internal teams (Ops, CX, Marketing), enabling brands to make informed decisions and increase their return on working capital by channeling it towards hiring or other growth activities.