Vanagon Ventures leads a €600k investment in MIR Insight, a startup developing AI-based forecasting solutions to enhance sustainability and efficiency in the textiles and plastics industries.
Information on the Target
MIR Insight is a pioneering startup that specializes in energy-efficient AI-driven forecasting specifically tailored for the process industries, with a notable emphasis on textiles, fibers, and plastics. The company aims to transform supply chain management by providing advanced forecasting solutions that not only cut costs but also reduce overproduction, a significant contributor to global CO₂ emissions. By equipping clients with AI-powered tools, MIR Insight is positioned to facilitate climate action through more efficient demand planning.
The textile industry, in particular, is responsible for approximately 8% of global CO₂ emissions, primarily due to overproduction. Through its innovative forecasting technology, MIR Insight enables its clients to mitigate excessive production, thus conserving resources and actively participating in global climate initiatives.
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Industry Overview in the Target’s Specific Country
The textiles and plastics industries in Europe are undergoing substantial transformation due to increasing environmental regulations and societal demand for sustainability. As European nations strive to achieve carbon n
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Vanagon Ventures
invested in
MIR Insight
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $1M