SupplyHive™ Raises $2 Million in Seed Round

by Kay Aloha Villamor in August 31st, 2021

SupplyHive™, an innovative provider of Supplier Performance Management Technology, has raised $2 million in seed funding led by LOUD Capital with co-investors Revolution’s Rise of the Rest Seed Fund and Cleveland Avenue-CAST US.

Capital from this funding will allow the company to reach the next level of scale and impact by growing sales and marketing resources and furthering product development and integrations.

Company: SupplyHive™

Raised: $2.0M

Round: Seed Round

Funding Month: July 2021

Lead Investors: Loud Capital

Additional Investors: Revolution’s Rise of the Rest Seed Fund and Cleveland Avenue's CAST US fund

Company Website: https://supplyhive.com/

Software Category: Supply management software>AI

About the Company: Headquartered in Chicago, SupplyHive™ is a technology company that provides Supplier Performance Management (SPM) software designed to help corporations improve efficiency by centralizing, standardize, scale, and automate the supplier performance process. SupplyHive™ uses the latest innovations of Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to analyze the aggregated quantitative and qualitative data. Our user-friendly interface helps organizations hold suppliers accountable and deliver enhanced partnerships by measuring KPIs, analyzing trends and identifies disparities, automating action plans, and providing predictive analytics.

Source: https://supplyhive.com/supplyhive-announces-closing-of-2-million-seed-round-with-diverse-major-venture-capitalists-loud-capital-revolutions-rise-of-the-rest-seed-fund-and-cleveland-avenue/

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