Minneapolis Supply Chain Startup to Participate in Apple Accelerator
Minneapolis-based supply chain software company Inspectorio is among the 15 startups chosen to participate in a new Apple accelerator program.
Billed as “the first of its kind,” the Apple Impact Accelerator is geared toward environmentally friendly startups owned by Black, Indigenous, and other People of Color (BIPOC). According to an Apple news release, the 15 startups “share a specific focus on bringing clean energy, opportunity, and vital services to vulnerable and underserved communities.”
For its part, Inspectorio sells software that digitizes pen-and-paper reports, such as inspections, lab tests, and other quality management files. The company says that its software uses data to help retailers and other businesses make “informed decisions” about sustainability, quality, and compliance. Inspectorio now boasts more than 15,000 users around the globe, including “some of the largest brands and retailers in the world,” according to the company.
All the startups participating in Apple’s three-month accelerator will receive one-on-one coaching and access to entrepreneurial courses. The startups will also work to “identify opportunities to align with Apple’s environmental goals,” Inspectorio officials said in a separate news release.
“We couldn’t be more excited to work alongside Apple’s product and sustainability experts to take our company and products to the next level,” said Inspectorio CEO and co-founder Carlos Moncayo in the release.
This isn’t Inspectorio’s first time in a corporate accelerator program; in 2016, the company was among the first to participate in Target’s joint accelerator with Techstars. Inspectorio relocated to Minneapolis after taking part in Target’s program.
To date, Inspectorio has raised $13.7 million in funding, including a $10 million round from Target, Ecolab, and others. The startup has also received some capital from Minneapolis-based Matchstick Ventures.