Vancouver-based Vistara Growth has invested $20 million in Michigan-based Algo and participated in a $40 million growth financing round for Maryland-based Impact Analytics. Vistara typically provides growth capital to enterprise SaaS companies, targeting artificial intelligence and cloud infrastructure businesses with annual recurring revenue between $10 million and $100 million. With its fifth private credit fund recently closed at $200 million, Vistara plans to make larger investments in up to 24 companies over the next two and a half years. Algo offers AI-based supply chain solutions for retailers, while Impact Analytics provides AI-powered demand forecasting for supply chains.
Frequently Asked Questions
1. What is Vistara Growth?
Vistara Growth is a Vancouver-based firm that invests in high-growth technology companies. They provide flexible financing solutions and strategic support to help companies accelerate their growth.
2. Which sectors does Vistara Growth often invest in?
Vistara Growth typically invests in business-to-business (B2B) software companies, including those in the supply chain sector, that are seeking to scale their operations.
3. What is the latest move by Vistara Growth?
The latest move by Vistara Growth is an investment in two US-based companies that are offering artificial intelligence (AI)-based supply chain software. This investment is part of their strategy to increase their US portfolio.
4. Why is Vistara Growth interested in supply chain software companies?
Vistara Growth is likely interested in supply chain software companies due to their potential for efficiency improvements and cost savings within the supply chain sector through the application of AI and other technologies.
5. What type of assistance does Vistara Growth provide to companies in which they invest?
In addition to financial investment, Vistara Growth also provides strategic support to the companies they invest in. This support may include advice on business development, operational scaling, and guidance on entering new markets.
6. How is AI used in supply chain software?
AI is used in supply chain software to optimize various aspects of supply chain operations, such as demand forecasting, inventory management, logistics, and transportation. AI can help in making data-driven decisions and predicting future trends.
7. Has Vistara Growth made any recent fund closures?
Yes, according to BetaKit, Vistara Growth recently secured a $200-million CAD initial close for its fifth private credit fund in December 2023.
For more detailed information about Vistara Growth's investments in US-based supply chain software companies, you can read the full article on BetaKit, although the content may have been condensed here for brevity.