Autone, a supply chain platform focused on helping premium brands optimize their inventory management, has secured $17 million in Series A funding. Led by General Catalyst, the round also saw participation from previous investors such as Speedinvest, Y Combinator, Seedcamp, 2100VC, Motier, Financière Saint James, and prominent angels from LVMH, Sephora, and Moncler. This latest investment brings Autone’s total funding to $20 million, following a $3 million seed round.
Founded in 2020 by Adil Bouhdadi and Harry Glucksmann-Cheslaw, Autone offers a platform that tackles the growing complexities of inventory management. As retailers face multiple distribution channels, more intricate supply chains, and shorter sales cycles, Autone helps forecast demand, optimize sales, and reduce waste, all while cutting down on manual tasks. The company’s software allows brands to streamline their supply chain, enabling faster purchasing of raw materials and reducing inventory risk.
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Deep Roots in Luxury Fashion
Both co-founders have extensive experience in the luxury fashion industry, having worked with iconic brands like Alexander McQueen and Victoria Beckham. Their careers in fashion, coupled with their hands-on work developing internal inventory tools, led to the creation of Autone. Their platform addresses a significant pain point in the retail sector, where many companies still rely on outdated systems like Excel to manage their operations.
Clients and Future Growth
Autone’s client list includes high-end brands such as Courreges, Roberto Cavalli, Stussy, and Zadig&Voltaire. The fresh funding will help the company expand its customer base and further enhance its platform, positioning it as a go-to solution for premium and mid-market retailers looking to modernize their supply chain operations.
CEO Adil Bouhdadi explained that their technology allows brands to operate more efficiently by offering real-time data insights and creating a more agile supply chain.
