Quince Raises $500M to Expand Manufacturer-to-Consumer
· Source: ventureburn.com
In short
Quince has secured $500 million in Series E funding at a $10.1 billion valuation to scale its Manufacturer-to-Consumer (M2C) platform globally. The company's AI-driven supply chain model forecasts demand weekly at SKU level, reduces inventory cycles from months to weeks, and eliminates retail markups by working directly with manufacturers. This approach has enabled Quince to surpass $1 billion in revenue with triple-digit annual growth while maintaining premium quality at lower costs.
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Tags: supply-chain, forecasting, manufacturing, inventory, retail, automation