Investment in Keelvar by Elephant Partners, Mosaic Ventures and Paua Ventures

Sector: Artificial intelligence supply chain software

Year: 2020

A US$18 million investment in Keelvar led by US venture capital firm, Elephant Ventures, and London-based venture capital firm, Mosaic Ventures with participation from German venture capital firm, Paua Ventures. Keelvar, a University College Cork spin-out currently manages over $90 billion in spend annually for blue-chip clients, including Siemens, Coca-Cola, Novartis, BMW, and Samsung. The investment will support Keelvar’s expansion plans for Europe and the US, amid the rapidly growing need for supply chain automation solutions.