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MannyAI, a London-based fashion tech start-up, has raised £1.3m in a pre-seed round led by Dreamcraft Ventures, with participation from Alante Capital, Plug and Play EMEA, Carbon13, Ventures Together, and PDS Ventures. The funding includes a €240,000 grant from Innovate UK. Founded by Shruti Grover and Simon Johnson, MannyAI develops AI-powered tools to enable agile, small-batch fashion manufacturing by transforming traditional factories into flexible, AI-enhanced production hubs.
MannyAI's platform facilitates cost negotiation, real-time order allocation, and dynamic capacity management, empowering brands to respond to fluctuating demand while reducing overproduction and waste. The company's solution supports rapid, low-volume manufacturing without requiring significant investments in factory upgrades.
The funds will be used to scale MannyAI's AI tools and expand its collaborations with brands like Good Squish and Phoebe English. With regulatory pressures and consumer demands for sustainability rising, MannyAI is positioned to drive the fashion industry's shift toward nearshoring, just-in-time production, and reduced waste. Investors highlighted its innovative potential to address inefficiencies and improve profitability in a rapidly evolving market.
