Calico, a Toronto, CA-based provider of an AI-powered smart supply chain management platform, raised $2.1m in seed funding.
The round was led by Serena Ventures with participation from Maple VC, Inovia Capital, Hyphen Capital and a group of early Shopify employees, as well as Allen Shim, former CFO of Slack, Jeremy Lai, CEO of Italic and Deborah Liu, CEO of Ancestry. The company previously raised pre-seed funding from Forum Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by Kathleen Chan, CEO, Calico provides an operating system for brands to manage product development, merchandising and purchasing functions. Brands using Calico have reduced expensive production errors, accelerated time to market, and partnered with some of the world’s most coveted manufacturers.
Calico’s customer base ranges from emerging DTC brands to multi-million-dollar retail companies.
FinSMEs
09/03/2022