Friday, April 6, 2018

Qmerit Connects With $11.75M For Supply Chain Software

Irvine-based Qmerit, which develops cloud-based, supply chain software, has raised $11.75M in a first funding round, Qmerit said this week. The funding was led by Strandview Capital, and also included Schneider Electric and innogy Ventures, the venture capiatl arm of German energy company innogy SE. As part of the funding, Strandview's Kevin Covert, and Schneider Electric's Heriberto Diarte both join the company's board. Qmerit says it is developing software that reduces labor and material costs for building owners, property managers, OEMs, and contractors. Qmerit's Chairman, Founder and CEO is Tracy K. Price.

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