Sourcemap, a New York-based provider of supply chain mapping and monitoring software, raised $20M in Series B funding.
The round was led by Energize Ventures with participation from the E14 Fund.
The company intends to use the funds to further expand its global footprint and add business-critical solutions to its supply chain mapping and monitoring software suite.
Led by Leonardo Bonanni, Founder and CEO, Sourcemap is a global provider of supply chain mapping and monitoring technology. Traders, manufacturers and brands have adopted its full-suite solution for assurance on the raw materials-to-finished goods supply chain, including ongoing monitoring for production, quality, sustainability and risks such as deforestation and forced labor.
This latest funding follows the addition of more than 100 brands across food, apparel, luxury, automotive, electronics, energy and life sciences to its customer base over the past year. The company now has over two million businesses registered on its platform, and over 250 brands use its system to map and monitor their supply chains.
