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§ Private Profile · Boston, MA, USA
Provides web-based network services for membership organizations, supporting digital operations, communication, and member engagement.
Celect is a provider of web-based network services for membership organizations and a cloud-based predictive analytics software platform, based in an undisclosed location. The company delivers specialized digital infrastructure and connectivity solutions tailored to the operational needs of member-driven groups. Additionally, the firm provides software-as-a-service tools designed to help clients optimize inventory portfolios across supply chains using machine learning for demand sensing. Through strategic alliances and related corporate ventures under parent company Optimum Interactive, the enterprise has historically engaged with prominent brands including the PGA, Nike, Disney, and Warner Brothers. While specific financial metrics such as funding totals and valuation figures remain undisclosed, the business continues to develop its enterprise software offerings for its target markets. Celect was established in an undisclosed founding year by Timothy Roth, who serves as Chief Strategy Officer alongside President and CEO Tony Roth.
Celect has raised $30.0M across 3 funding rounds.
Celect has raised $30.0M in total across 3 funding rounds.
Celect has raised $30.0M across 3 funding rounds. Most recently, it raised $15.0M Series C in December 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2018 | $15M Series C | Nokia Growth Partners, Janie YU | General Catalyst, Matrix Partners India, Activant Capital, August Capital | Announced |
| Feb 28, 2017 | $10M Series B | Steve Sarracino | August Capital, Fung Capital | Announced |
| Jun 26, 2015 | $5M Series A | Vivek Mehra | Activant Capital | Announced |
Celect is a technology company specializing in predictive analytics for the retail sector, offering a cloud-based SaaS platform that helps retailers optimize inventory across stores and supply chains. By leveraging advanced machine learning and customer choice modeling, Celect enables retailers to forecast demand more accurately, optimize product assortments, and ultimately drive significant revenue growth. Its platform serves retailers by revealing true customer demand and guiding inventory decisions to improve sales performance and customer experience[1][2][3].
Founded in 2013 and based in Boston, Massachusetts, Celect emerged from innovations in customer choice modeling recognized by MIT’s Computer Science and Artificial Intelligence Laboratory as one of its top 50 innovations. The company was led by CEO John Andrews, who emphasized the transformation in retail and the importance of understanding granular customer behavior to optimize inventory. Celect gained early traction by addressing the complex challenge of inventory portfolio optimization—determining how much of each product to stock and how products interact in assortments. In 2019, Celect was acquired by Nike, reflecting its strategic value in retail analytics[1][2][3].
Celect rides the wave of digital transformation in retail, where data-driven decision-making and personalized customer experiences are critical. The timing is crucial as retailers face challenges from e-commerce growth, changing consumer behavior, and supply chain complexities. Celect’s technology addresses these market forces by enabling retailers to optimize inventory dynamically, reduce waste, and improve customer satisfaction. Its influence extends beyond retail stores to the entire supply chain, aligning with trends toward integrated, AI-powered retail ecosystems[2][3].
Going forward, Celect’s integration with Nike and its foundational technology position it well to expand its impact across retail and supply chain operations. Trends such as omnichannel retailing, AI-driven personalization, and sustainability in inventory management will shape its trajectory. Celect’s ability to deliver granular demand insights and optimize assortments will remain critical as retailers seek to balance customer experience with operational efficiency. Its influence is likely to grow as predictive analytics become standard in retail strategy and supply chain management[1][2][3].
Celect has raised $30.0M in total across 3 funding rounds.
Celect's investors include Nokia Growth Partners, Janie Yu, General Catalyst, Matrix Partners India, Activant Capital, August Capital, Steve Sarracino, Fung Capital, Vivek Mehra.