Kodiak Hub's SRM Platform Secures a 5M USD Investment to Foster Sustainable Procurement

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Summary

"A high-quality product manufactured in an unsustainable manner isnt so high-quality after all," says Malin Schmidt, CEO & Founder of Kodiak HubKodiak Hub was founded by CEO Malin Schmidt, and the company today has over 50 customers such as Cloetta, Spotify, Northvolt, Jotun, LKAB, and Logitech. Malin Schmidt, CEO & Founder, remarks that ProcureTech has never been more important than now;"Where CRM was 10-15 years ago is where SRM (Supplier Relationship Management) is today. We often speak of the currency of impact - as in companies rewarding suppliers with their business based on the lowest price, or a more holistic view of value. - Malin SchmidtThe Digital Infrastructure of TomorrowAll companies, from global enterprises to SMEs, are dependent of their suppliers, independent of industry vertical or products/services offered. In todays increasingly volatile geopolitical climate, businesses need to work smarter with their suppliers - not to mention the recent EU-Due Diligence directive has heightened the requirements on global procurement teams.

$ Funding

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Amount $5.3M Total raised
Date April 12, 2023 Announcement date
Investors - Lead investors
Company http://www.kodiakrating.com Funded company

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Kodiak Hub
$1M to $5M