SuperSeed announces the sale of portfolio company Garvis, which uses AI to help large FMCG organisations manage supply chains and forecast demand, to US-listed supply chain company Logility, less than a year after SuperSeed led its seed round.
- SuperSeed led Garvis's $3.4m seed round alongside Robert Bosch Venture Capital and Scalebridge Capital, and the company went from seed to exit within a year.
- Garvis, run by Piet Buyck, helps FMCG companies such as J&J, Bacardi and Fortune Brands use AI to manage supply chains and forecast demand.
- Its white-box AI with near-zero time to value drove rapid growth and attracted both investment and acquisition offers; Logility was chosen for deeper funding and global access to leading brands.
It’s been hot in SuperSeed towers recently with 2 exits in as many months. Today we’re extremely proud to announce the sale of Garvis to Logility, a US publicly traded supply chain solution company.
We led the $3.4m seed round late last year, investing with Robert Bosch Venture Capital and Scalebridge Capital. As unusual as it is to accelerate from seed to exit within a year! it’s been a gift working with the team and helping them get to this point in their evolution.
Garvis run by Piet Buyck and his team help large FMCG organisations such as J&J, Bacardi and Fortune Brands use Ai to better manage supply chains and forecast demand.
They offer a unique white box Ai solution, with near zero time to value for clients, which severely disrupted the industry and enabled blistering growth.
To such an extent that multiple offers of further investment were received, as well as options to sell. The chosen partner was Logility, enabling deeper levels of funding and global access to world leading brands.
The rocket ship has now left orbit.
<Insert numerous rocket ship emojis>
Frequently Asked Questions
Who acquired Garvis?
Garvis was acquired by Logility, a US publicly traded supply chain solutions company. It was SuperSeed's second exit in two months.
What does Garvis do?
Garvis offers a white-box AI solution that helps large FMCG organisations manage their supply chains and forecast demand, with near-zero time to value for clients.