Ventory, a Zaventem, Belgium-based company developing a field and remote inventory management software since 2021, announced the closing of its €1.75 million seed round.
The investment was co-led by Ghent-based Finindus (backed by ArcelorMittal) and Munich-based Matterwave Ventures. The consulting firm delaware, recognizing Ventory’s value as an extension to ERPs like SAP, also participated through Ventures by delaware (the Corporate Venture arm of delaware).
“Drawing from +12 years of firsthand experience with field operations at DHL and Panalpina, I am thrilled to receive recognition today for the Ventory platform. The challenges I faced during my tenure have profoundly shaped our approach, leading to a solution that truly supports and enhances the work of field engineers and operators. This acknowledgment from leading investors in smart industrial technologies not only validates our efforts but also underscores their confidence in Ventory’s potential to scale and make a meaningful impact in the industry. I am both honored and grateful for this support,” said Vishal Punamiya, Founder and CEO of Ventory.
Operational efficiency
The fresh capital will accelerate product development, enable team expansion, and expand Ventory’s market presence. Ventory’s SaaS solution is trusted by some of the world’s largest enterprises aiming to digitize and reach field services excellence.
This investment underscores confidence in Ventory’s mission to provide real-time visibility and control over field inventory, optimizing global operational efficiency. Ventory’s rise continues, following its win at the 6th European Supply Chain Startup Contest in 2023.
“Ventory is solving the lack of inventory visibility in forward stocking locations, which is essential in fulfilling SLA requirements in many industries”, commented Roel Callebaut, Senior Investment Manager at Finindus. “We were impressed by how precisely they understand the challenges their customers are facing, and how they’ve been able to find a user-friendly solution to address a complex problem.”
Benedikt Kronberger, Partner at Matterwave ventures, added: “Ventory’s experienced team has developed a software platform, that enables its customers to gain full visibility of inventory at edge locations, even including moving inventory, such as in vans or consignment stock. Unlike existing solutions, the platform is designed to be easy to use, allowing even untrained users to effectively manage inventory, which will certainly be a key driver for user adoption.”
