# Prelude Products

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prelude-products

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.prelude.pro
- Total disclosed funding: $2.6M
- Latest round: Seed (Sep 5, 2023)
- Investors on record: 2

## About

Based in New York, US, and founded in 2021 by founders Michael E. Murphy and Andrew Copp, Prelude Products Inc. offers a platform to streamline purchasing for businesses by simplifying the intricate processes of inventory management and order optimization. In November 2023, Prelude Products Inc. raised USD 5.2 million in seed funding, co-led by investors Rackhouse Ventures and Casa Verde Capital.

The company's product, a sophisticated platform, assists buyers in making informed decisions by automating tedious tasks such as order preparation, inventory analysis, and demand forecasting. The platform creates optimal orders automatically, leveraging complex algorithms that consider factors like expected sales, existing stock, and substitution patterns. This allows buyers to focus on strategic decisions, enhance their control over inventory, and strengthen relationships with brand partners. The platform provides valuable insights into inventory health, enabling businesses to reduce levels and boost profits.
 
The company plans to use the November 2023 funding to build and further enhance its AI-powered supply chain solution for the cannabis ecosystem.

## Funding rounds

- Seed, Sep 5, 2023, $2.6M — Casa Verde Capital, Rackhouse Venture Capital

## Investors

- Casa Verde Capital (https://capitalatlas.ai/funds/casa-verde-capital) — Seed
- Rackhouse Venture Capital (https://capitalatlas.ai/funds/rackhouse-venture-capital) — Seed