Supply chain technology company Replan has raised £2 million investment.
Led by Hoxton Ventures, the round will support the launch of a production planning software for manufacturers.
The tool claims to be the first of its kind to combine dynamic production sequences with mid-term group level planning, empowering companies to navigate and respond to increasing supply chain disruption.
The funding is the latest in over £5m raised to date by the company and will support ongoing product development and market growth in the UK and Europe, as well as future expansion into North America.
“Replan embeds cutting-edge AI modelling and optimisation capabilities within a modern, intuitive user interface to shake up the status quo and revolutionise supply chain planning,” said Richie Barter, CEO.
“The software can streamline even the most complex production plans, helping manufacturers to improve operational efficiency and build more agile and resilient supply chains.”
Hussein Kanji, partner at Hoxton Ventures, commented: “Replan’s technology is key to keeping the manufacturing supply chain efficient and moving.
“The company is tackling critical planning challenges that went largely unaddressed before Covid, but that cause costs and delays for manufacturers.”