“We know how much potential there is for AI and machine learning to improve profits and reduce waste in retail, and we are thrilled to have Prateura join us on our mission to modernise merchandising and put data behind the important pricing and inventory decisions our users make every day.” “As a team of former retailers, we’ve seen first-hand how the retail industry is advancing in many areas but falling behind when it comes to making data-driven decisions,” explained Fisher. Sparkbox was founded by Lindsay Fisher, Matthew Wong and Kevin Blackmore, who prior to Sparkbox was vice president of Customer Insights at Best Buy and a retail analytics partner at Accenture. The wider Praetura team are excited to be backing another fantastic Northern tech business and providing more than money support to make Sparkbox a go-to solution for even more household brands.” Sparkbox offers a machine-learning platform for retail planning, price optimization. He is the recipient of many sales awards, both national and international. Synaid Innovations - Logo Design for Deep Tech Venture Foundry brand brand identity clean color palette.
#Sparkbox ventures series#
his career has ranged from sales to executive management, executive consulting, and directorships. Sparkbox Covatic raises 5m USD in Series A funding, led by Praetura Ventures Pioneering healthcare start-up ScubaTx raises 1.5m to transform organ. Discover 2 Sparkbox Foundry designs on Dribbble. He also served as Board Member at APIMatic and Aroa. Global from Day One (GD1), a VC fund launched by Auckland-based Sparkbox Ventures and Taipei-based VC firm Pinehurst Advisors, has raised NZ38 million (US26 million) towards its second fund. “I’m looking forward to working with the team and sharing some of the lessons I’ve learnt from my time at Apple and the other tech businesses I’ve been lucky to work closely with over the years. In March 2022, Sparkbox raised GBP 1.5 million from Praetura Ventures. He served as Chief Executive Officer at Sparkbox Ventures. “Sparkbox’s approach to inventory optimisation has the power to bring about massive changes in fashion and home retail, which is clearly behind the times when it comes to technology adoption within merchandising,” he said. It will use the cash injection to double its team and target additional retailers.Ĭolin Greene, Operational Partner at Praetura Ventures and former Director of US Consumer Retail at Apple, will join the Sparkbox board: The company works with brands, including River Island, to help them make better stock buying and pricing decisions. The company is a current member of Tech Nation’s Applied AI 3.0 cohort, winner of Fashion District’s Retail Innovation Challenge in 2019 and a graduate of the Google for Startups UK immersion program.Ĭolin Greene, operational partner at Praetura Ventures added: “Sparkbox’s approach to inventory optimisation has the power to bring about massive changes in fashion and home retail, which is clearly behind the times when it comes to technology adoption within merchandising.Manchester-based artificial intelligence start-up, Sparkbox, has received a £1.5m investment from Praetura Ventures. Sparkbox’s artificial intelligence is used by River Island and Matchesfashion. “We are thrilled to have Prateura join us on our mission to modernise merchandising and put data behind the important pricing and inventory decisions our users make every day.” We know how much potential there is for AI and machine learning to improve profits and reduce waste in retail. The company was founded in 2019 by Lindsay Fisher, Matthew Wong and Kevin Blackmore.įisher commented: “As a team of former retailers, we’ve seen first-hand how the retail industry is advancing in many areas but falling behind when it comes to making data-driven decisions. That support has been further extended through the Queens Venture Network. Our sector preference is Information technology, Mobile, Material science, Cleantech, Communications, Medical and diagnostic technology, Internet and the Cloud. Sparkbox uses artificial intelligence and data to help retailers make choices that improve profitability and reduce waste. Sparkbox Venture Group is New Zealand’s leading early stage investor and has been investing in New Zealand innovation companies since 2001. The funding will be used to double its team and increase the number of retailers it works with. (September 25, 2018) Greg Norman Company today announced a material investment in Spalk as the leader in a 1.5MM series seed round alongside Stadia Ventures, Ice Angels, Sparkbox Ventures and others. Sparkbox Venture Group is New Zealands leading early stage investor and has been investing in innovative New Zealand companies since 2001. Manchester-based artificial intelligence startup Sparkbox has announced a £1.5m investment from fellow Manchester resident Praetura Ventures.
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