Ventory Raises €1.75M Seed Round to Revolutionize Field Inventory Management

Belgium-based Ventory raises €1.75M Seed funding round from Finindus and Matterwave Ventures to accelerate the development of its field and remote inventory management software.

Zaventem, Belgium – September 2, 2024 – Ventory, the Belgium-based company developing a field and remote inventory management software since 2021, today announced the closing of its Seed round. Ventory’s SaaS solution is trusted by some of the world’s largest enterprises aiming to digitize and reach field services excellence.

Ventory’s Seed round 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). The €1.75M raised will accelerate product development, enable team expansion, and expand Ventory’s market presence. 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.

"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" says Vishal Punamiya, Founder and CEO of Ventory.

“Ventory is solving the lack of inventory visibility in forward stocking locations, which is essential in fulfilling SLA requirements in many industries”, says 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 adds “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."

About Ventory

Ventory, Belgian company founded in 2021, enables field services companies to gain

complete control and visibility over their field inventory to the very end - including forward stock locations and engineers’ vans. Whether standalone or seamlessly connected to existing WMS or ERP systems such as SAP, Ventory’s SaaS simplifies inventory management and empowers professionals in the field to take accurate, data-driven decisions. Trusted by global leaders Ventory is internationally serving several industries aiming for field services excellence such as 3PL, Infrastructure, Renewable Energy and High-Tech. https://www.ventory.io

About Finindus

Finindus is a Belgium-based venture capital investment company funded by ArcelorMittal and the Flemish Region and is linked to OCAS, a world-class metal research centre. Finindus provides early stage and growth financing to innovative companies offering smart and green industrial technologies in the field of materials, sustainable manufacturing and industry 4.0.

Finindus teams up with outstanding entrepreneurial teams and like-minded investors to bring sustainable industrial innovations to full commercial maturity. Finindus invests across Europe, with Flanders as a home base and sweet spot. In addition, Finindus invests globally in technology companies at the very core of its expertise and aligned with the strategic interests of its shareholders, and across the globe for investment opportunities in technologies at the center of their core domains and in line with the strategic interests and areas of expertise of their shareholders. https://www.finindus.be

About Matterwave Ventures

Matterwave Ventures is a venture capital company based in Munich, specializing in deep-tech innovations with industrial applications for many years and active with investments throughout Europe. As an early-stage investor, the focus is on early stages of companies and includes software and hardware-based business models. The goal is to build leading companies worldwide, primarily driving the future of industrial value creation through resource efficiency and digitization. The vision is to regain technology leadership, production capacity, and energy and raw material autonomy in Europe. Over the past 20 years, the team has invested in more than 60 companies "full-stack," from materials to components to complete systems and software solutions, with managed capital of over EUR 250 million. Matterwave typically participates in seed and Series A financings throughout Europe, with initial investments ranging from EUR 1-4 million, and follow-up rounds of over EUR 10 million per portfolio company. https://www.matterwave.vc

About delaware

delaware is a fast-growing, global company that delivers advanced solutions and services to organizations striving for a sustainable, competitive advantage. delaware guides enterprises through their business transformation, applying the ecosystems of their main business partner, SAP. They continue to service their customers afterwards, assuring continuity and continuous improvement. In all perspectives, they apply their own sustainable business model that aims for the long-term. They are driving their clients’ success, shaping them to stand out today and preparing them for tomorrow. delaware has over 5000 professionals in 20 countries around the world. https://www.delaware.be

PRESS CONTACTS:

Vishal Punamiya, Founder and CEO at Ventory | vishal.punamiya@ventory.io

Marina Coenraets, Head of Marketing at Ventory | marina.coenraets@ventory.io