What is 3BG Supply?
3BG Supply operates an online marketplace designed for ordering industrial parts from a diverse range of manufacturers. The company aims to streamline the procurement process for businesses by providing a centralized platform for sourcing essential components. This operational model positions 3BG Supply as a key player in optimizing supply chain efficiency for industrial clients.
How much funding has 3BG Supply raised?
3BG Supply has raised a total of $8.8M across 3 funding rounds:
Angel/Seed
$600K
Debt
$150K
Debt
$8M
Angel/Seed (2017): $600K with participation from Elevate Ventures
Debt (2020): $150K led by PPP
Debt (2022): $8M supported by Espresso Capital
Key Investors in 3BG Supply
Elevate Ventures
Elevate Ventures is an active participant in shaping the future of Indiana by investing in cross-sector innovation-driven companies at Pre-Seed, Seed, and Series A stages. They provide funding and guidance for entrepreneurs and seek founders with grit, creativity, and coachability.
Espresso Capital
Espresso Capital functions as a Canadian venture debt firm offering revenue financing, venture debt, growth financing, working capital financing, and more. The company was established in 2009 and is based in Toronto, Ontario.
PPP
Public-Private Partnership
What's next for 3BG Supply?
The recent major strategic investment, coupled with the overall enterprise-level funding, indicates a strong growth phase for 3BG Supply. This capital infusion is likely to fuel expansion initiatives, potentially including enhancements to the platform's technological capabilities, broader manufacturer partnerships, and increased market penetration. The company appears poised to further solidify its role in the industrial parts sector.
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