TrueStock Selects Techstart Ventures as Investment Partner

Thu 6th February 2020

TrueStock Selects Techstart Ventures as Investment Partner

TrueStock is leading the way in predicting the future for retailers and manufacturers. TrueStock uses machine learning to forecast inventory usage for businesses.

It takes into consideration a huge amount of factors including the weather, events, promotional periods, pricing history and many more. The solution helps businesses reduce wastage, operate leaner and is already currently available via Shopify and is working with over 30 companies located in countries such as Greece, France, the US and the UK. The TrueStock API will also be launching in the next quarter enabling large scale retailers and manufacturers to integrate their ERP systems with TrueStock.

The Techstart Ventures investment will enable TrueStock to enhance the forecasting potential of their product, increase partnerships with ERP providers and assist in their go-to-market strategy.

TrueStock CEO, John Doherty said: “Techstart have been extremely helpful to us from the very beginning and we are excited to have them join as an investor. We’ve been working on TrueStock for 2 years now and it has been fantastic seeing it grow even more. The Techstart investment will help us refine the product and assist in go-to-market strategy.”

Techstart Ventures Partner, Hal Wilson said: “John is an ambitious entrepreneur and we look forward to working with him in building out the business.”

For further information, contact TrueStock:

Email: info@truestock.io

Website: https://truestock.io

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Techstart Ventures LLP is authorised and regulated by the Financial Conduct Authority.
Techstart Ventures LLP is a member of the Pentech Ventures LLP Network