The Seed Investor Daily Brief
Get the latest updates on U.S. startups securing Seed funding, featuring key deals, top investors, and emerging industries shaping the future.
Sotira secures $2M <b>pre</b>-<b>seed</b> to help brands monetize surplus inventory - FreightWaves
In this episode of The Seed Investor Daily Brief, Michelle welcomes listeners and covers the latest top seed funding stories. The episode highlights Sotira, focusing on its recent pre-seed funding achievement and providing insights into the company's innovative solutions in the fintech sector. The discussion explores Sotira's strategic plans for leveraging its new funding to expand its product offerings and market reach. The episode wraps up with concluding remarks and a reminder for listeners to follow the podcast for continued updates on seed funding and emerging trends in the startup ecosystem.
Key Points
- Sotira, an AI-powered surplus inventory management platform, has raised two million dollars in pre-seed funding from notable investors including Unusual Ventures and K5 Global.
- Co-founded by Amrita Bhasin and Gary Kwong, Sotira aims to automate the traditionally manual processes in the $550 billion surplus procurement industry, focusing on grocery, health and wellness, and cosmetics items.
- Sotira's platform allows brands to quickly sell excess inventory, reducing waste and optimizing cost-benefit analysis, with sales completed in as little as two days.
Speakers
Michelle
Host • 100%
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Transcript
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