Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Independent retailer platform Creoate raises $5M Seed led by Fuel Ventures By: TechCrunch August 03, 2021 at 03:00 AM EDT Creoate is a startup, which lets independent retailers buy sustainable products from brands and wholesalers, has raised a $5m Seed round led by Fuel Ventures with participation from Vinted founder, Justas Janauskas. Its competitors include traditional wholesalers who’ve supplied independent retailers for decades, and other startups such as Faire (US, raised $696M) and Ankorstore (FR, […] Creoate is a startup, which lets independent retailers buy sustainable products from brands and wholesalers, has raised a $5m Seed round led by Fuel Ventures with participation from Vinted founder, Justas Janauskas. Its competitors include traditional wholesalers who’ve supplied independent retailers for decades, and other startups such as Faire (US, raised $696M) and Ankorstore (FR, raised €115M). Founders Ashley Horn and Fahad Khan say the company aims at helping independent businesses and “reclaims the supply chain from global giants”. Khan says ‘Mom and Pop’ are “faced with poor information, discriminatory pricing and unpredictable cash flows.”Creoate, which doesn’t own inventory, says it helps retailers forecast which products will sell well so that they can buy and manage inventory levels more easily. It says its cataloging software allows retailers to deal with fewer middlemen.Launched in January 2020 the platform now claims 25,000 retailers across the UK, France, and Netherlands.Creoate co-founder Horn said: “Sourcing brands as an independent retailer is close to impossible… We could see that this system was not sustainable and there had to be a better way”. Mark Pearson, founder and managing partner at Fuel Ventures said: “Unless you’re in the world of retail, it can be difficult to truly grasp just how broken the system is for the 2.5 million retailers and 30 million emerging brands that Creoate serves. We are captivated by Creoate’s technology which is inspired by the founding team’s real-world experience and empathy.” Related Stocks: Tuanche Ltd ADR Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Independent retailer platform Creoate raises $5M Seed led by Fuel Ventures By: TechCrunch August 03, 2021 at 03:00 AM EDT Creoate is a startup, which lets independent retailers buy sustainable products from brands and wholesalers, has raised a $5m Seed round led by Fuel Ventures with participation from Vinted founder, Justas Janauskas. Its competitors include traditional wholesalers who’ve supplied independent retailers for decades, and other startups such as Faire (US, raised $696M) and Ankorstore (FR, […] Creoate is a startup, which lets independent retailers buy sustainable products from brands and wholesalers, has raised a $5m Seed round led by Fuel Ventures with participation from Vinted founder, Justas Janauskas. Its competitors include traditional wholesalers who’ve supplied independent retailers for decades, and other startups such as Faire (US, raised $696M) and Ankorstore (FR, raised €115M). Founders Ashley Horn and Fahad Khan say the company aims at helping independent businesses and “reclaims the supply chain from global giants”. Khan says ‘Mom and Pop’ are “faced with poor information, discriminatory pricing and unpredictable cash flows.”Creoate, which doesn’t own inventory, says it helps retailers forecast which products will sell well so that they can buy and manage inventory levels more easily. It says its cataloging software allows retailers to deal with fewer middlemen.Launched in January 2020 the platform now claims 25,000 retailers across the UK, France, and Netherlands.Creoate co-founder Horn said: “Sourcing brands as an independent retailer is close to impossible… We could see that this system was not sustainable and there had to be a better way”. Mark Pearson, founder and managing partner at Fuel Ventures said: “Unless you’re in the world of retail, it can be difficult to truly grasp just how broken the system is for the 2.5 million retailers and 30 million emerging brands that Creoate serves. We are captivated by Creoate’s technology which is inspired by the founding team’s real-world experience and empathy.” Related Stocks: Tuanche Ltd ADR