Union Crate
Union Crate is a technology company.
Financial History
Union Crate has raised $1.0M across 1 funding round.
Frequently Asked Questions
How much funding has Union Crate raised?
Union Crate has raised $1.0M in total across 1 funding round.
Union Crate is a technology company.
Union Crate has raised $1.0M across 1 funding round.
Union Crate has raised $1.0M in total across 1 funding round.
Union Crate has raised $1.0M in total across 1 funding round.
Union Crate's investors include Test Kitchen Capital.
Union Crate is a New York City–based technology company that builds an AI-powered Integrated Business Planning (IBP) platform designed specifically for consumer packaged goods (CPG) brands. Its platform helps brands plan, execute, and pivot supply chain strategies efficiently by transforming raw data into actionable insights, enabling granular demand forecasting at the SKU level. Union Crate serves a range of customers from high-growth startups to large enterprises, addressing critical supply chain inefficiencies such as inaccurate forecasts, manual processes, and wasted capital. This results in significant cost savings and operational improvements for its clients, particularly in reducing food waste and optimizing inventory[1][2][3].
Union Crate was founded in 2016 by James Amable and Shastri Mahadeo. Amable brought experience from software engineering and finance technology, while Mahadeo had a background in the restaurant and food service industry, having founded several food and entertainment businesses. The idea for Union Crate emerged from recognizing the massive inefficiencies and waste in the food supply chain, especially in the U.S., where poor demand planning leads to billions of pounds of food waste annually. Early traction came from applying AI and machine learning to create a centralized platform that could accurately forecast demand and optimize supply chain operations, helping businesses save money and reduce waste[1][2].
Union Crate rides the growing trend of applying AI and automation to supply chain management, a sector historically plagued by manual processes and inefficiencies. The timing is critical as consumer demand volatility, sustainability pressures, and supply chain disruptions have increased the need for agile, data-driven planning tools. By enabling brands to optimize inventory and reduce waste, Union Crate contributes to both economic and environmental sustainability. Its platform exemplifies how AI can transform traditional industries like CPG, influencing broader adoption of intelligent supply chain solutions across sectors[1][2].
Looking ahead, Union Crate is well-positioned to expand its impact as AI adoption in supply chain planning accelerates. Trends such as increased consumer demand variability, sustainability mandates, and digital transformation in CPG will likely drive further growth. The company’s focus on reducing waste and improving operational efficiency aligns with global priorities, potentially broadening its market reach. Continued innovation in AI algorithms and integration capabilities could enhance its platform’s value, solidifying Union Crate’s role as a key enabler of the supply chain of the future[1][2][3].
Union Crate has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in January 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2018 | $1.0M Seed | Test Kitchen Capital |