What is ThinkIQ?
Founded in 2015, ThinkIQ addresses the critical need for end-to-end material traceability within complex global supply chains. Their enterprise cloud platform offers robust solutions for tracking goods from origin to final destination, enhancing transparency and accountability. The company operates within the burgeoning supply chain management and enterprise software sectors, a market increasingly focused on data integrity and operational efficiency.
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 Hitachi Ventures, The Ecosystem Integrity Fund, and ArcTern Ventures
Key Investors in ThinkIQ
ArcTern Ventures
ArcTern Ventures is a venture capital firm focused on investing in entrepreneurs addressing climate change and sustainability. They seek startups providing solutions to carbon problems and sustainability issues, leveraging their expertise and global network.
The Ecosystem Integrity Fund
The Ecosystem Integrity Fund is an investment firm that likely focuses on companies contributing to environmental sustainability and ecological balance, aligning with ThinkIQ's mission of supply chain transparency.
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 interests, potentially including supply chain optimization and digital transformation.
What's next for ThinkIQ?
With its recent major strategic investment, ThinkIQ is poised for accelerated growth and market penetration. The company is likely to leverage this capital to enhance its platform capabilities, expand its sales and marketing efforts, and potentially explore new industry verticals. The enterprise-level funding suggests a focus on scaling operations to meet the demands of large-scale clients seeking sophisticated supply chain visibility solutions.
See full ThinkIQ company page
