Cloud analysis platform Shopventory sweeps up USD1m

Shopventory, a cloud-based account management platform, has secured USD1m in a series of seed funding backed by Techstars. Working with PayPal and Square, Shopventory aims to provide detailed data on subscriber businesses. The firm helps retailers to improve the management of their records and obtain insights on business performance.

“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,” noted Dave Carlson, CEO & Co-Founder of Shopventory. “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.”

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