Ventory raises €2.65M to track inventory beyond the warehouse
What's the deal? Brussels-based startup Ventory has raised €2.65 million in a seed round led by KBCDealroom has a profile for this one. Try Dealroom → Securities, with existing investors Finindus, Matterwave, and delawareDealroom has a profile for this one. Try Dealroom → also participating. The company builds software that sits between ERP systems and field operations, replacing spreadsheets and disconnected tools used to manage inventory in vans, depots, and customer sites.
The funds will go toward three priorities: deepening Ventory's AI product roadmap and ERP integrations, expanding across Western Europe, and scaling its enterprise sales team.
Why now? Ventory's 2025 was a breakout year. Annual recurring revenue grew sixfold, 10 new enterprise accounts were signed, and the platform now manages over 500 customer locations and tracks more than 80,000 SKUs daily across seven countries.
Its customers include the world's leading medical robotics manufacturer, a national railway operator, healthcare providers, energy producers, and asset managers. The platform integrates natively with SAP, Oracle, Microsoft Dynamics 365 Business Central, and Sage, and recently earned ISO/IEC 27001 certification.
The round also reflects KBC Group's broader push into Belgian startups. Late last year, the banking group committed €100 million to strengthen the local startup landscape — €50 million in early-stage funding via the Start it Fund, and another €50 million in follow-on capital via KBC Securities for top performers.
"For decades, enterprises have invested millions into ERP systems and accepted that visibility ends the moment inventory leaves the warehouse. Ventory closes that gap," said Vishal Punamiya, founder and chief executive officer.
What could go wrong? Ventory is entering a crowded enterprise software market where ERP giants like SAP and Oracle could build competing features. Scaling across multiple Western European markets simultaneously also carries execution risk, particularly for a seed-stage company with limited resources.
The signal: KBC's lead investment here is an early marker from its €100 million commitment to Belgian startups, suggesting that corporate investors see category-defining potential in niche enterprise infrastructure — particularly where legacy ERP systems leave operational blind spots. Ventory's sixfold ARR growth and traction with complex, uptime-dependent enterprises indicate that "last-mile inventory" is hardening into a distinct software category, not just a feature gap waiting for SAP or Oracle to fill.
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