Target invests in supply chain tech startup

Target Corp. recently backed Inspectorio, a technology startup focused on improving supply chain visibility and quality control, reports StarTribune.

Minneapolis-based Inspectorio, founded a year ago by three brothers., aims to help retailers better monitor factories through inspections and data analysis. Inspectorio digitizes inspection reports and offers a platform that brings more data science to monitoring supply chains, according to the report.

The company stems from the first class of 10 startups that participated in a retail-focused accelerator program Target hosted with Boulder, Colo.-based Techstars. Inspectorio is the only startup Target invested in after the program.

In its first round of funding, Inspectorio has raised $3.7 million, which was led by Target with smaller contributions from two venture capitalist firms.

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