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HomeFunding Aarhus-based Hakio Secures €4 Million in Seed funding

[Funding alert] Aarhus-based Hakio Secures €4 Million in Seed funding

Aarhus-based Hakio Secures €4 Million in Seed funding. People Ventures and Dreamcraft Ventures invest €4 million to accelerate the development of Hakio’s demand forecasting platform for fashion companies.

Aarhus-based Hakio Secures €4 Million in Seed funding. People Ventures and Dreamcraft Ventures invest €4 million to accelerate the development of Hakio’s demand forecasting platform for fashion companies.

Read also – Dutch-based Amazec Photonics Secures €1.5 Million in Seed Funding

They were beyond excited to announce that People Ventures and Dreamcraft Ventures have become part of Hakio. Managing partner at People Ventures, Claus Zibrandtsen, shares his excitement.

Read also – Helsinki-based Vapaus Secures €15 Million in a Debt Funding

Hakio is now positioned for remarkable growth and the added capital is pivotal to keep expanding the team of talented problem-solvers and continue developing and refining the platform.

Malte Bjerg Vittrup, CEO of Hakio said, “At Hakio, we are driven by a commitment to reduce waste and cut losses due to bad forecasting and continues We already help brands reduce costs and improve profits, but now, thanks to our new investors, we have the resources and knowledge to further develop and scale Hakio to the next level, and we can’t wait to get going”.

The new seven-figure investment is a testament to the potential of Hakio. Demand planning is a well-known pain for fashion brands as it has been notoriously hard to predict future sales in the industry due to a variety of influences, leading to either excess stock or costly stockouts.

Read also – Copenhagen-based Go Autonomous Secures €10 Million in Series A Round Funding

Simon Kristensen, CPO of Hakio said, “We experience that a lot of fashion brands have a lot of unused data available that we can break down using advanced algorithms and thereby make much more accurate predictions about future sales”.

About Hakio

Hakio assist fashion and clothing firms in optimising inventory levels by assisting them in making more precise projections about their future sales with their AI-powered demand forecasting platform.

In the garment sector, this helps planners cut down on surplus inventory and free up funds to prevent stockouts and expensive overstock. All of which result in reduced expenses, improved product accessibility, and—finally—a cheerful CFO.

Read also – Tallinn-based Cognitiwe Secures €1Million in Funding

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