Kuona, a Monterrey, Mexico-based provider of an intelligent SaaS platform for consumer packaged goods (CPGs) and retailers, raised $6M in Seed funding.
The round was led by Cometa, with participation from Seaya Cathay Latam and FEMSA Ventures.
The company intends to use the funds to expand its presence and team in key geographies, including Latin America, Europe and the United States.
Led by CEO Chema Sanroman, Kuona Analytics is an enterprise SaaS that allows consumer brands and retailers to optimize their pricing, trade promotions and inventories using artificial intelligence. The company operates in the United States, Mexico, Brazil, Peru, and Ecuador.
It currently offers two products, which include:
- Kuona Price and Promotion Optimization. which enables companies to calculate automatically the real performance of historical and current activities and optimize future ones
- Kuona Perfect Order, which creates the optimal sales order that increases sales, diminishes merchandise returns and out-of-stock per points of sale
It integrates with its clients to capture real-time data and leveraging neural networks for simulations. After opening its latest office in Brazil, the company is already profitable and operates in five countries (in the United States, Mexico, Brazil, Peru, and Ecuador) while serving major customers around the globe, such as Coca-Cola and OXXO convenience stores.
The company participated in the Y Combinator Fellowship program.
FinSMEs
19/12/2022
About FEMSA Ventures
FEMSA Ventures is a Venture Capital fund backed by FEMSA and dedicated to building collaboration bridges between FEMSA’s business platform and entrepreneurial ecosystem. FEMSA Ventures aims to improve and transform people’s lives through innovative ideas and world-class entrepreneurs. As a strategic partner, its years of experience in the beverage, retail and logistics industries in Latin America and the US offer a unique value for companies to drive growth.
Founded in 2018, FEMSA Ventures’ portfolio includes companies operating in a variety of industries such as conversational commerce, logistics, e-commerce, retail and fintech.
FEMSA Ventures aspires to be one of the leading venture capital firms in Latin America. www.femsaventures.com
Media Contact:
CodePR for Kuona
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SOURCE Kuona