Nulogy, a Toronto, Canada-based provider of supply chain collaboration solutions, announced that it raised $20 CAD million in a mix of funding.
The investment was from Export Development Canada (EDC) and incremental working capital from a Tier 1 Canadian Bank.
The funds will be used for product innovations and to accelerate the growth of Nulogy's multi-enterprise supply chain platform and solutions.
"We're excited to partner with EDC to continue innovating new capabilities to better serve our customers, while accelerating the growth of our network of users," said Jason Tham, CEO and co-founder of Nulogy. "As a provider of multi-enterprise solutions, the larger the number of users of our network, the greater the value for all users—so we're very excited about the value this brings to our community of customers."
Fast moving consumer goods (FMCG) and consumer packaged goods (CPG) corporations, as well as their networks of contract manufacturing and contract packaging suppliers, utilize Nulogy's products.
The company's cloud-based platform offers a suite of solutions for both suppliers (including co-packers and contract manufacturers) and brands and manufacturers who rely on these suppliers to run their businesses.
Company: Nulogy Corporation
Raised: $20.0M
Round: Unknown
Funding Month: March 2023
Lead Investors: Export Development Canada (EDC) and Tier 1 Canadian Bank
Additional Investors:
Company Website: https://nulogy.com/
Software Category: Supply Chain Solutions
About the Company: Founded in 2002 by Jason Tham, Jason Yuen, Kevin Wong, and Sean Kirby, Nulogy is a supplier of cloud-based supply chain solutions, that enables customers and their supplier communities to collaborate on a multi-enterprise platform to deliver with excellence to an ever-changing consumer market. The Nulogy platform optimizes upstream supply ecosystems composed of brands, contract manufacturers and packagers, third-party logistics providers, and raw material and packaging suppliers to accelerate supply chain responsiveness and collaborate at the speed of today's market.
Source: https://www.prnewswire.com/news-releases/nulogy-secures-20-million-cad-funding-to-drive-supply-chain-collaboration--digitization-solutions-301785943.html