SourceDay Raises $12.5M in Series B Funding

Funding Rounds

▤ Summary

SourceDay, an Austin, TX-based supplier collaboration engine of the direct spend industry, closed a $12.5m Series B round of funding. The round was led by Baird Capital with participation from existing investors Silverton Partners, ATX Ventures and Draper Associates. In conjunction with the funding, Joanna Arras, Principal at Baird Capital, will take a seat on SourceDay’s Board of Directors. TMore than 6,000 global manufacturers, distributors and suppliers use SourceDay, with many currently relying on the SaaS solution to manage chaotic supply chains that are affected by COVID-19. From Fortune 100 companies to mid-size manufacturers, thousands of organizations use it to connect their teams with their suppliers, centralize order data, and drive their businesses forward.

$ Funding

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Amount $12.5M Total raised
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Date April 8, 2020 Announcement date
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Investors - Lead investors
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Company https://sourceday.com/ Funded company

▥ Classifications

industries
No industries detected
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Supply Chain Software Procurement Software Risk Management Software

▦ Linked Companies

SourceDay
$10M to $25M