Stimulus, a Philadelphia-based relationship intelligence (SaaS) startup in the supply chain space, raised an oversubscribed $2.5 million in seed funding.
The round was led by Black Ops VC, other notable investors - Genius Guild, Morgan Stanley, Northwestern Mutual Future Ventures, REFASHIOND Ventures, Bronze Valley, The BFM Fund, Plain Sight Capital, Penn Medicine - Wharton Fund for Health, and a host of angel investors.
This funding intends to use to expand the Stimulus Platform, hire in three areas: engineers, data scientists, and salespeople, and collaborations with businesses that share the objective of improving connections with their suppliers and diversifying their supply chains.
Company: Stimulus Inc.
Raised: $2.5M
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Black Ops VC
Additional Investors: Genius Guild, Morgan Stanley, Northwestern Mutual Future Ventures, REFASHIOND Ventures, Bronze Valley, The BFM Fund, Plain Sight Capital, and Penn Medicine - Wharton Fund for Health
Company Website: https://getstimulus.io/
Software Category: Relationship Intelligence
About the Company: Founded by Tiffanie Stanard, Stimulus is a relationship intelligence (SaaS) platform that uses data insights, relationship-building tools, as well as a proprietary score to help companies make the best sourcing, procurement, and purchasing decisions, while optimizing, nurturing, and growing their supplier ecosystems. The platform provides visibility to enable teams to analyze supplier data and view actionable insights - helping companies build honest, transparent relationships that lead to better business outcomes. Stimulus’ makes it more efficient for companies to choose the right suppliers, fulfill business objectives including location-based and DEI criteria by easily comparing suppliers using relevant metrics and data points, and quickly matching them to available contract opportunities. The Stimulus Score evaluates suppliers to provide an objective view of performance, which provides a 360 view for buyers to engage better with current or future vendors. Stimulus's mission is to help companies build more valuable vendor and supplier relationships.
Source: https://www.prnewswire.com/news-releases/stimulus-raises-oversubscribed-2-5m-seed-round-to-help-companies-build-better-supplier-relationships-301604221.html