Moncton company Fiddlehead, which helps food and beverage companies use predictive forecasting to improve performance, has received $1.8 million in seed funding, led by Build Ventures and the New Brunswick Innovation Foundation.

Fiddlehead’s flagship product, called Forecast Guardian, integrates with companies’ existing enterprise resource planning (ERP) software and can be set up in as little as two weeks.

Founded in 2013, Fiddlehead’s cloud software promises to help improve the food and beverage industry’s supply chain, essential in a business with very low profit margins in which helping retailers avoid wasting unsold product or not being penalized by retailers for being unable to provide sufficient stock is vital.

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