Replenit, an AI decision engine for retail, has secured $2.5 million in its pre-seed funding round, co-led by Movens Capital and Vastpoint. This capital will be used to further develop its AI technology, which has already demonstrated a 235% increase in post-purchase revenue for L'Occitane en Provence and attributes 6.3% of total revenue to its decisions for iBOOD. The company guarantees a 10x ROI for its retail clients, with no customer having yet invoked the contractual exit clause.
Amount: $2.5M
