Nextail, founded in 2014 and headquartered in Spain, offers a cutting-edge SaaS platform that transforms retail merchandising through artificial intelligence and advanced analytics. Their slogan, "The Merchandise Execution Platform for fashion," encapsulates their mission to empower retailers with agile, data-driven decision-making capabilities.
The platform has rapidly gained traction in the global market, automating merchandising processes for industry giants such as River Island, Guess, Valextra, and Pepe Jeans. By focusing on key retail decisions including buying, product allocation, and replenishments, Nextail has successfully increased sales by 5-10% while optimizing inventory levels.
Recently backed by notable investors including Nauta Capital, KEEN Venture Partners LLP, and Bright Pixel (formerly Sonae Investment Management), the company secured a $10.00M Series A investment in June 2018. Operating in over 30 countries, Nextail is strategically positioned to support the shift toward an agile retail paradigm, leveraging AI to extend its methodologies to fast-fashion and beyond.