What is SupplyCompass?
SupplyCompass offers a comprehensive software solution designed to streamline product development and delivery for brands in the fashion industry. Their platform facilitates real-time collaboration between brands and manufacturers, enhancing communication and reducing lead times. With features like a shared supplier workspace, SKU explorer, and tracking tools, SupplyCompass aims to improve efficiency and sustainability in the production process. The intended clients include fashion brands and manufacturers looking to modernize their operations and enhance their supply chain management.
How much funding has SupplyCompass raised?
SupplyCompass has raised a total of $1.9M across 1 funding round:
Angel/Seed
$1.9M
Angel/Seed (2019): $1.9M with participation from Andy Chung, Unicorn Ascension, Episode 1, Ascension Ventures, and Philipp Moehring
Key Investors in SupplyCompass
Episode 1
Episode 1 Ventures is a new venture capital business based in London managing the new £37.5m Episode 1 Enterprise Capital Fund. The fund invests in software driven businesses based in the UK - typically £250,000 up to £1,000,000 as the first institutional investor in businesses with high growth potential.
Ascension Ventures
Ascension Ventures is a strategic healthcare venture firm with four funds and more than $800 million in capital under management. The firm was launched in 2001 by Ascension, one of the nation's largest Catholic and non-profit health systems, and today invests on behalf of twelve of the nation's leading community health systems.
Andy Chung
Undisclosed investor participating in the funding round.
What's next for SupplyCompass?
The recent major strategic investment indicates a pivotal growth phase for SupplyCompass. This capital infusion is likely to fuel further platform development, expansion into new markets, and strengthening of strategic partnerships within the fashion supply chain ecosystem. The company is poised to enhance its offerings in efficiency and sustainability, addressing critical industry needs.
See full SupplyCompass company page
