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SuperSeed Capital Ltd - venture capital for early-stage business-to-business technology companies in UK - Says SuperSeed Fund II, company's primary holding, has led an investment round in Garvis AI Ltd. Garvis uses AI to ‘rapidly respond’ to global fluctuations in purchasing behaviour making forecasting and demand planning easier. SuperSeed led the $3.4 million round. It was joined by Robert Bosch Venture Capital and Scalebridge Capital. Garvis is already working with fifty large multinationals including Unilever PLC, JDE Peet's NV and Kuwait Petroleum Co. The new capital will be used to further develop the technology and ‘expand internationally’.
Director at SuperSeed Capital Mads Jensen says: ‘We are pleased to be involved in such an exciting tech company and alongside other key players in the investment industry. Weak forecasting causes sales to fluctuate between two and ten percent. Poor demand and inventory planning has a huge impact on business results and is extremely wasteful. Garvis' solution comes at just the right time. This technology can have a huge impact on business.’
Current stock price: 92.5 pence
12-month change: 100 pence on January 31, its listing date
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