What is ThinkIQ?
Founded in 2015 and based in Aliso Viejo, California, ThinkIQ offers an end-to-end traceability platform designed for enterprise-level cloud deployment. The software enables businesses to track materials throughout intricate supply chain networks, providing critical visibility and control. This capability is essential for industries grappling with regulatory compliance, quality assurance, and operational efficiency in their material sourcing and distribution processes. The company's focus on enterprise solutions positions it as a key player in the supply chain technology sector, addressing a growing demand for transparent and accountable supply chain management.
How much funding has ThinkIQ raised?
ThinkIQ has raised a total of $11.9M across 2 funding rounds:
Debt
$350K
Series A
$11.6M
Debt (2020): $350K with participation from PPP
Series A (2020): $11.6M led by The Ecosystem Integrity Fund, ArcTern Ventures, and Hitachi Ventures
Key Investors in ThinkIQ
The Ecosystem Integrity Fund
The Ecosystem Integrity Fund is an investment firm focused on companies that promote environmental sustainability and integrity within their operations and supply chains.
ArcTern Ventures
ArcTern Ventures is a venture capital firm specializing in early-stage companies addressing climate change and sustainability challenges, with a focus on solutions for carbon problems and environmental issues.
Hitachi Ventures
Hitachi Ventures is the corporate venture capital arm of Hitachi, likely investing in technologies that align with Hitachi's broader industrial and technological solutions, potentially including supply chain and enterprise software.
What's next for ThinkIQ?
The recent major strategic investment in ThinkIQ signals a strong validation of its technology and market strategy. This capital infusion is expected to fuel further development of its enterprise cloud platform, enhance its market reach, and potentially expand its service offerings to address emerging supply chain complexities. As industries continue to prioritize resilience and transparency, ThinkIQ is well-positioned to leverage this backing for accelerated growth and innovation, solidifying its standing as a leader in supply chain traceability solutions.
See full ThinkIQ company page
