Episode 1 led the seed round to support technology development and expand the manufacturer marketplace.
"Current sourcing methods aren't fit for brands of the future; they're offline, inefficient and fragmented. Technology is needed for global supply chains to progress and become faster, more efficient and more sustainable. At SupplyCompass we see the key to success lying in rethinking existing sourcing methods, with better collaboration, innovation and technology at the core. Our vision is to help fashion and interior brands make products that don't have to cost the earth, and this funding from investors Episode 1 will help us to do just that."
Pentech Ventures led the round with participation from Stanford Angels of the UK, Ascension Ventures and Charlie Songhurst.
"Our goal is to accelerate product development, from race cars to spaceships and everything in between. We believe that traditional engineering will soon change dramatically. Our dream is to work alongside engineers to enable them to bring exponential growth to product development. We are building the world’s first AI Platform for Engineers – we like to describe it as the J.A.R.V.I.S. in Iron Man."
The seed round was led by TechStart Ventures and supported by Ascension Ventures alongside angel investors.
"We are delighted to close this Seed round. Not only will this investment allow us to accelerate the development of the ChilliConnect platform, developing innovative live operations and game backend features, but we can now market the platform to an even larger range of potential customers. Having access to the knowledge and networks of both TechStart Ventures and Ascension Ventures is a massive benefit. We’re looking forward to working with these top drawer early-stage funds."
