Cavela lands $6.6M to help brands beat pre-tariff manufacturing costs
Cavela Commerce has secured a whopping $6.6 million in seed funding, led by XYZ Venture Capital and Susa Ventures, with Crossover Capital also participating in the round. This significant investment will enable the startup to continue its mission of helping brands automate supplier sourcing and slash production costs.
Founded by Anthony Sardain in 2023, Cavela’s technology relies on generative AI agents that act as a personal procurement team for brands. These agents can identify potential suppliers across more than 40 countries and negotiate product specifications and pricing.
The company claims that its customers not only significantly reduce the time spent searching for manufacturing partners but also save an average of 35% on production costs. The startup has already seen success, with clients such as Western Welder Outfitting and The Longhairs reporting substantial cost savings – even below pre-tariff pricing.
Sardain’s roots in trade and sourcing run deep, drawing from his family’s three-generation history in the field. His experience living across Asian trade centers has given him a unique understanding of local manufacturers’ approaches to their work.
Cavela differentiates itself from competitors like Alibaba, which connects brands with thousands of Chinese manufacturers, by providing AI-driven supplier discovery and negotiation capabilities that allow brands to find better suppliers at lower costs.
The funds will be used to further develop Cavela’s technology and expand its customer base.
Source: techcrunch.com