Retail forecasting startup Nexosis raises another $5M

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Nexosis Inc., a data analytics startup that helps retailers and restaurants forecast how much inventory to stock – down to the ketchup packets at a fast-food store, has closed a $5 million seed round, CEO Ryan Sevey said Friday.

The round in the Westerville startup was led by Revel Partners of New York City, a venture capital firm formed by five serial entrepreneurs that’s had three acquisitions and an IPO from its portfolio in the past two years.

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Originally published December 2, 2016.

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