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Wednesday 09 June 2021

Backers supply dosh to supply chain management start-up Kavida

logoThe backstory to London-based supply chain management start-up, Kavida.ai, makes ‘interesting’ reading.

According to its PR, Kavida was spun out of covid19foodsupply.com, a website launched in March 2020 purporting to recruit volunteer data scientists to work with “critical food security stakeholders” to help mitigate Covid supply chain disruption. The target was businesses with over 1,000 personnel or $50m in turnover.

The website was pitched as a “COVID-19 Emergency Response Program” providing ‘modelling and operational optimization support’, with the premise that ‘the only way to increase capacity immediately (in the lockdown) is through optimising existing operations’. The claim: “Our models maximise resource efficiency and minimise waste.” The website invited data scientists and related specialists to ‘join our community’, though who the community organiser is was not disclosed.

Cut back to Kavida, launched in October 2020, and which has just raised £300k in pre-seed funding. The round was backed by QIMA, a Hong Kong-based supply chain management software company, along with PDS International Group, a contract fashion manufacturer also based in Hong Kong, and Rohan Haldea, a London-based Apax partner investing in his own name.

Make of this what you will.

Posted by: Anthony Miller at 09:09

Tags: funding   startup  

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