Celes raises $5M Series A led by SP Ventures
Colombian retailtech Celes raised $5M in a Series A round led by SP Ventures, with participation from Fulcrum… The post Celes raises $5M Series A led by SP Ventures appeared first on LatamList .
Retailtech startup Celes secured $5 million in Series A funding, with SP Ventures leading the round. Fulcrum Global Capital, 30N Ventures, and Taram Capital also participated in the investment. Established in 2023, the Colombian company leverages AI agents and predictive algorithms to assist retailers in forecasting demand, managing inventory, and automating product distribution across their stores.
Celes' platform seamlessly integrates with existing enterprise resource planning (ERP) systems, such as SAP and Oracle, enabling retailers to streamline inventory management without the need for software replacement. The company plans to utilize the funding to bolster its presence in Colombia, Mexico, and Chile, while also expanding into Brazil.
Currently operating in eight countries, Celes generates 55 million demand forecasts daily across over 8,500 stores. Its platform automates more than 90% of inventory replenishment decisions. Prominent clients include Olímpica, FEMSA Salud, and Tiendas Neto.
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