What is Smartex?
Smartex operates a connected platform designed to enhance supply chain transparency, directly addressing the substantial financial losses incurred by businesses due to production waste stemming from defects. By weaving together all facets of the supply chain, Smartex aims to increase product quality and minimize waste, offering a critical solution for industries grappling with inefficiencies and quality control challenges.
How much funding has Smartex raised?
Smartex has raised a total of $24.7M across 1 funding round:
Series A
$24.7M
Series A (2022): $24.7M with participation from Lightspeed Venture Partners, H&M Group, and Build Collective
Key Investors in Smartex
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that invests in early and growth-stage technology companies across various sectors, including enterprise software and infrastructure.
H&M Group
H&M Group is a Swedish multinational clothing-retail company known for its fast-fashion offerings for men, women, and children.
Build Collective
Build Collective is a team of realtors, developers, and new construction experts focused on creating opportunities for buyers and sellers in the real estate market.
What's next for Smartex?
The substantial enterprise-level backing positions Smartex for accelerated growth and market penetration. This strategic investment will likely fuel further development of its connected platform, enabling broader adoption across complex supply chains. Expect Smartex to focus on scaling its operations, enhancing its technological capabilities, and forging deeper partnerships to solidify its role as a leader in supply chain optimization and waste reduction.
See full Smartex company page
