# Inspectorio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inspectorio

- Industry: Software
- Headquarters: Minneapolis, US
- Website: www.inspectorio.com
- Total disclosed funding: $68M
- Latest round: Series B (Dec 10, 2021)
- Investors on record: 7

## About

Inspectorio Inc. provides advanced supply chain management software, enhancing quality assurance, compliance, and operational efficiency across various industries, including apparel and retail.Founded in 2015, Inspectorio Inc. is based in Minneapolis, US. The company specializes in supply chain management, providing software solutions for quality assurance and compliance. The founders include Carlos Castillo, David Klein, Fernando Castillo, and Luis Castillo. As of December 10, 2021, Inspectorio raised USD 53.94 mn in Series B funding, led by Insight Partners, with participation from Ecolab, Flexport, Matchstick Ventures, and Techstars. The total amount raised to date is USD 53.94 mn.Inspectorio specializes in supply chain management software designed to enhance quality assurance, compliance, and operational efficiency across various industries including apparel, food and beverage, and retail. The company’s core product offerings encompass a comprehensive platform that integrates artificial intelligence, data security, and seamless data integrations. These solutions address critical challenges faced by brands, retailers, suppliers, and factories by providing tools for quality risk management, responsible sourcing and compliance, traceability and transparency, and production management. Inspectorio's clients include major brands and retailers such as Target, demonstrating its ability to serve a diverse customer base globally, with implementations in North America, Europe, and Asia.Inspectorio generates revenue through subscription-based models and partnerships with clients in the retail and supply chain sectors. Clients engage with Inspectorio to access its suite of software solutions for improved supply chain monitoring and management. The revenue structure typically involves annual subscriptions for platform use, which vary based on client operations and service requirements, supporting B2B dealings with retailers and wholesalers. The company’s focus on quality compliance and optimization is underscored by its flagship products, essential for businesses aiming to enhance supply chain agility and transparency.In December 2021, Inspectorio raised USD 53.94 mn in Series B funding, which will be utilized to increase transparency in the production chain and reinvent outdated processes. The company is focused on expanding its market presence, particularly targeting new geographical regions to enhance its software solutions. Future product launches and strategic partnerships are also planned, aimed at addressing evolving needs within the supply chain management sector.

## Funding rounds

- Series B, Dec 10, 2021, $54M — Insight Partners, Ecolab, Techstars, Matchstick Ventures, Flexport, Inc
- Series A, Jul 11, 2018, $10M — Ecolab, Target Corporation, Twilio Inc., Techstars, Matchstick Ventures
- Seed, Jan 9, 2017, $3.7M — Target Corporation, Techstars, Matchstick Ventures

## Investors

- Target Corporation — Seed, Series A
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series A, Series B
- Matchstick Ventures (https://capitalatlas.ai/funds/matchstick-ventures) — Seed, Series A, Series B
- Ecolab — Series A, Series B
- Twilio Inc. — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- Flexport, Inc — Series B