Tech Company Financing Transactions
Celect Funding Round
Celect, based in Boston, raised $10 million from Activant Capital Group, August Capital and Fung Capital.
Transaction Overview
Company Name
Announced On
3/1/2017
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Proceeds Purpose
The funding will be used to extend momentum built in 2016 after closing the year with 2.5x revenue growth. In addition, Celect will accelerate product development to support growing customer demand and aggressively cultivating sales pipeline to seize on the current market opportunity.
Company Information
Company Status
Acquired or Merged
Industry
ECommerce
Mailing Address
125 Summer St. 15th Floor
Boston, MA 02110
USA
Boston, MA 02110
USA
Phone
Website
Email Address
Overview
Predictive analytics platform for retail merchandise planning and product assortment optimization.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Andrews
Chief Scientific Officer
Devavrat Shah
Chief Technical Officer
Vivek Farias
Vice President
Molly Shaw
VP - Customer Service
Andrew Fink
VP - Human Resources
Matthew McKinnon
VP - Sales
Robert Desmond
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