Sourceday Closes $31.5 Million Series C Funding Following Record-Breaking Year Of Customer Growth
Amount Raised
$31.5 Million
Round Type
Series C
AustinInformation TechnologyDescription
SourceDay, a leading supply chain procurement collaboration engine for direct spend materials and one of Austin’s fastest-growing companies, today announced it closed a $31.5 million Series C round of funding. The round, led by Norwest Venture Partners with participation from existing investors ATX Ventures, Baird Capital, Draper Associates, Ring Ventures and Silverton Partners, comes at a critical time for manufacturers, distributors, consumer packaged goods brands and retailers as they are challenged with continued supply chain disruptions and first-mile issues accelerated by the pandemic.
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