What is 3BG Supply?
3BG Supply operates an online marketplace designed for the procurement of industrial parts from a diverse range of manufacturers. By consolidating multiple suppliers onto a single platform, the company aims to streamline the ordering process for businesses requiring essential industrial components. This operational model addresses a critical need for efficiency and accessibility within the industrial supply chain, positioning 3BG Supply as a key player in digitizing B2B procurement.
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
Espresso Capital
Espresso Capital is a Canadian venture debt firm that provides various financing solutions, including revenue financing and growth financing, for companies.
Elevate Ventures
Elevate Ventures is an Indiana-based firm that invests in innovation-driven companies across multiple sectors, focusing on Pre-Seed, Seed, and Series A stages, providing both capital and guidance.
PPP
Public-Private Partnership
What's next for 3BG Supply?
With the recent influx of capital, 3BG Supply is poised to enhance its platform capabilities, expand its supplier network, and potentially broaden its market reach. The strategic nature of the latest investment indicates a focus on scaling operations and solidifying its competitive advantage. Future developments are likely to include technological advancements to improve user experience and supply chain integration, further establishing 3BG Supply as a leader in the industrial parts e-commerce space.
See full 3BG Supply company page
