Sourcemap Inc., a NYC-based provider of end-to-end supply chain due diligence software, raised $10m in Series A funding.
The round was led by Energize Ventures with participation from E14 Fund.
The company intends to use the funds to further expand its operations in North America and grow its global presence with a European subsidiary to support the demand for supply chain due diligence.
Led by Leonardo Bonanni, CEO and founder, Sourcemap provides due diligence software for global brands to map their supply chains down to the raw materials and ensure operational best practices at every step of the way. Born out of MIT research, the software platform encompasses the full suite of due diligence requirements to support all business needs, including: supplier discovery, supply chain mapping, supplier risk assessment, transaction traceability, fraud detection, resilience planning, real-time visualization and consumer-facing transparency.
More than 400,000 business entities are now registered on the platform.
FinSMEs
01/03/2022