Inspectorio is accelerating its quality inspection capabilities with a major investment.
The supplier compliance verification company raised $3.7 million in seed funding led by Target, investor Techstars Ventures and tech venture capital fund Matchstick Ventures.
“We are honored by the trust placed in our team,” CEO and co-founder of Inspectorio Carlos Moncayo Castillo said. “This support will serve to give greater speed to the implementation of our mission to digitize quality control and bring transparency to the global supply chain, through the incorporation of the latest exponential technologies to an industry that has not innovated in the last 20 years.”
The capital will advance the company’s mission and help Inspectorio continue its growth plan, enforce mobile technologies for quality evaluations and hold suppliers accountable throughout the production process as a third-party inspection company.
Inspectorio’s seed funding announcement follows another major milestone for the company. Last year, Inspectorio participated in the Techstars Retail Accelerator Program, a three-month intensive startup accelerator led by Techstars Retail and Target. At the program, Inspectorio, along with 11 other startups, focused on bringing new experiences, products, solutions and technology to retail.
Since its establishment in February 2016, Inspectorio now works with more than 25 top apparel brands worldwide on quality inspection services and supply chain transparency. Its advanced mobile platform has helped many retailers achieve an open supply chain inspection process, which was once not possible without data innovation.