Canadian startup Moselle closes $2m to make automated inventory management accessible for brands

Moselle, a Toronto-based AI-powered inventory planner and procurement manager for small- and mid-sized e-Commerce brands, has closed $2.1 million seed round. This round was led by AQC Capital and MaRS Investment Accelerator Fund, with participation from True, Rebellion Ventures, Highline Beta, Top Knot Ventures, and Singh Capital.

Moselle will use the funding to further develop its AI-powered inventory forecasting, production planning, and purchasing suite - providing underserved SMBs with the tools needed to drive operational efficiency.

Lakhveer Jajj, Founder and CEO, Moselle: "Small- and mid-sized businesses (SMBs) - many of which are bootstrapped - account for the vast majority of the CPG market. Yet, almost all leading inventory management tools cater exclusively to enterprise companies. Smaller, fast-growing brands have been left overpaying for a complex, enterprise inventory management system (IMS) that requires expert resources or managing inventory in spreadsheets. Moselle is filling this market gap by providing SMBs with an affordable AI-powered inventory solution that they can customize to their business's exact needs, using modular components. This fundraise is the first step toward democratizing AI-powered inventory planning and equipping brands of all sizes with the tools needed to automate and scale their operations.''

According to a 2023 study by IHL Group, this ultimately costs brands $1.77 trillion in accumulative inventory distortion - a disproportionate amount impacts SMBs as these tools are ill-equipped to meet their needs. Moselle's customizable solution, which uses proprietary machine learning, is proven to prevent overproduction and underproduction through automated inventory management. This saves SMB merchants thousands of dollars and up to 100 hours per month.

Mike Martin, Director of Investment, True: "This is a huge opportunity. We see every day the challenges fast-growing consumer brands face in managing their inventory, and getting it wrong can lead to significant cash flow issues and poor customer experience. That's why we're excited to partner with Moselle on their mission to help all brands leverage the power of AI to solve this problem."

Merchants have already purchased $50 million+ in inventory value using Moselle's automation suite, which includes accurate demand forecasting, streamlined purchase order workflows, and real-time data reporting across their supply chain. In the near future, Moselle customers can also expect; advanced AI to further automate manual work for merchants, new, automated collaboration and demand forecasting features and tools for optimizing cash flow and securing financing

www.moselle.io

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