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Snofox Launches From Stealth Mode With $4.5M In Seed Funding To Transform The Cold Supply Chain

Aug 01, 2023over 2 years ago

Amount Raised

$4.5 Million

Round Type

seed

PhiladelphiaInformation Technology

Investors

MudcakePonderosa VenturesPale Blue DotVoyager Ventures

Description

SnoFox, the leading business intelligence tool that provides data analytics for the global cold chain, today announced its $4.5M Seed round led by Voyager Ventures, bringing total funding to date to $5.7M. The round also includes participation from Pale Blue Dot, Ponderosa Ventures, and Mudcake. SnoFox will use the funds to reach new customers in more markets across the US, as well as hire new talent as demand for energy efficiency grows within the global cold chain. The company is officially launching from stealth mode and already has a strong track record of delivering value to customers.

Company Information

Company

SNOFOX SCIENCES, INC.

Location

9509 Germantown Avenue

Philadelphia, Pennsylvania, United States

About

SnoFox is a business intelligence tool for the cold supply chain. The SnoFox software platform leverages existing refrigeration data, proprietary algorithms, and remote technology to extract insights that enhance cold storage warehouse efficiency and reduce energy usage without the need for any additional hardware.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers