Celes raises $5 million Series A for Latin American expansion
SP Ventures leads the retail AI company’s financing as it prepares to enter Brazil.
Celes raised a $5 million Series A led by SP Ventures, with Fulcrum Global Capital, 30N Ventures and Taram Capital participating. The financing was announced in October.
The Barranquilla-based company helps retailers forecast demand, plan inventory and automate replenishment through software connected to systems such as SAP and Oracle.
Celes will use the capital to strengthen operations in Colombia, Mexico and Chile and expand into Brazil. Its customers include Olímpica, FEMSA Salud and Tiendas Neto.
Use of funds
Strengthen operations in Colombia, Mexico and Chile
Expand into Brazil