What is LogicSource?
LogicSource is dedicated to transforming the landscape of sourcing and procurement through innovative business solutions. The company empowers organizations to achieve superior outcomes by enabling them to 'buy better,' which directly translates into increased profitability. By streamlining and optimizing the procurement lifecycle, LogicSource addresses a critical operational area for businesses seeking efficiency and cost savings.
How much funding has LogicSource raised?
LogicSource has raised a total of $226.3M across 9 funding rounds:
Private Equity
$10.2M
Unspecified
$2M
Private Equity
$13M
Private Equity
$1.3M
Unspecified
$2M
Series B
$5.8M
Debt
$2M
Private Equity
$180M
Private Equity (2009): $10.2M led by Bain Capital Ventures
Unspecified (2012): $2M, investors not publicly disclosed
Private Equity (2013): $13M featuring Bain Capital Ventures and Apollo Global Management
Private Equity (2015): $1.3M backed by Bain Capital Ventures
Unspecified (2016): $2M, investors not publicly disclosed
Series B (2020): $5.8M led by Pegasus Growth Capital
Debt (2020): $2M supported by PPP
Private Equity (2022): $180M featuring FTV Capital
Key Investors in LogicSource
Bain Capital Ventures
Bain Capital Ventures is a prominent venture capital firm specializing in early-stage and growth-stage investments across various sectors. They are known for their strategic approach to backing companies with strong market potential and a clear path to profitability.
FTV Capital
FTV Capital is a growth equity investment firm that focuses on high-growth companies in enterprise technology and services, financial services, and payments. They provide capital to help companies scale their operations and market presence.
Acartha Group
Acartha Group is a private equity and advisory firm with a core expertise in the financial services sector, particularly in technology-driven solutions. They offer alternative asset management products and strategic advisory services to support portfolio companies.
What's next for LogicSource?
The substantial enterprise-level funding and strategic investment indicate LogicSource is poised for accelerated expansion and further development of its procurement technology and services. This capital infusion will likely fuel initiatives aimed at enhancing its platform, broadening its market reach, and potentially exploring new verticals within the sourcing and procurement ecosystem. The company's trajectory suggests a continued focus on driving value for its clients through data-driven insights and operational efficiencies, positioning it for sustained leadership in the procurement solutions market.
See full LogicSource company page
