What is Sourcemap?
Sourcemap, which originated from MIT research in 2011, provides a comprehensive suite of software designed to enhance supply chain transparency and traceability. Its platform is adopted by major traders, manufacturers, and brands to monitor production, quality, sustainability, and critical risks such as deforestation and forced labor. The company's focus on providing end-to-end assurance positions it as a key player in the enterprise-level software market for supply chain management.
How much funding has Sourcemap raised?
Sourcemap has raised a total of $10.4M across 3 funding rounds:
Debt
$150K
Debt
$203K
Series A
$10M
Debt (2020): $150K with participation from PPP
Debt (2021): $203K led by PPP
Series A (2022): $10M supported by E14 Fund and Energize Ventures
Key Investors in Sourcemap
E14 Fund
E14 Fund is a venture capital firm affiliated with MIT, specializing in early-stage investments in companies founded by MIT-affiliated individuals. They provide capital and resources to foster innovation and support entrepreneurs building groundbreaking solutions.
Energize Ventures
Energize Ventures is an investment firm focused on climate solutions and the transition to a digitized and decarbonized energy system. They support asset-light, technology-enabled companies advancing the new energy economy and addressing cybersecurity threats.
What's next for Sourcemap?
With this significant strategic investment, Sourcemap is poised for accelerated growth and further development of its innovative traceability solutions. The capital infusion is expected to bolster its market position, enabling the company to expand its reach and enhance its offerings in areas critical to global supply chain integrity and sustainability. This funding will likely support further technological advancements and strategic partnerships to address complex supply chain challenges.
See full Sourcemap company page
