Orderful, a San Francisco, CA-based company providing an electronic data interchange (EDI) platform, raised $15M in growth funding.
The round was led by NewRoad Capital Partners, with participation from new investors 9Yards, Flume Ventures, and NFI Ventures, alongside existing investors Andreessen Horowitz and GLP Partners. As part of the investment, Gregoire Lehmann, Principal at NewRoad Capital Partners, will join Orderful’s board of directors. Josh Jewett, Operating Partner at NewRoad and former Chief Information Officer (CIO) at Family Dollar and Dollar Tree, will join as a board observer.
The company intends to use the funds to expand to accelerate product development, and expand its global reach.
Led by CEO Erik Kiser, Orderful is a provider of an EDI platform enabling logistics providers, retailers, manufacturers, and technology companies to manage their EDI trading partnerships and transactions in real-time. Its integrations, pre-connected network, and approach minimize errors with customers onboarding new partners.
Hundreds of companies, including NFI, Koch Industries, Pepsi Logistics, G-III Apparel Group, Liquid Death, and Continental Mills, are already using the platform.
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