December 19, 2013
Shopventory was Co-founded in May 2013 by Dave Carlson (CEO), Rares Saftoiu (CMO) and Batch Le (CTO). On October 22nd 2013, the company acquired a funding of $1 Mn from Techstars. Shopventory provides sales analytics & inventory management for small and medium sized businesses.
Shopventory partners with a user’s PayPal Here or Square account and provides inventory management functionality so businesses know inventory usage & stock levels. It also gives them the ability to analyze sales patterns in order to help increase sales.
This video gives you a detailed explanation of Shopventory’s platform:
'We listened carefully to our customers during Shopventory's beta phase and are pleased to launch our new platform which meets and hopefully exceeds our client's expectations,' said Bach Le. 'Shopventory is laser focused on helping medium to small businesses better manage their inventory to help increase sales, reduce costs and save time.'
As for Pricing:
In a few short months, the Shopventory team has graduated from the TechStars Boulder accelerator, launched an entirely new cloud-based platform and raised $1.0 million to service the burgeoning needs of retailers to better manage their inventory and receive business intelligence insights on how their business is performing,' said CEO Dave Carlson. 'Our investors are also excited about fulfilling this need for retailers which helped us quickly raise a $1.0 million seed round after the completion of the Techstars program,' he added.</iframe>