SupplyPike, a Fayetteville-based supply chain SaaS company, raised $25 million in Series B funding.
The fund was led by Noro-Moseley Partners and Frontier Growth invested in the four-year-old company’s Series B and investors from there will be joining SupplyPike’s board, which also includes existing investors at Blumberg Capital.
The company funds will be used to add high-tech workers, SupplyPike plans to add more than 60 employees in Northwest Arkansas.
Company: SupplyPike, Inc.
Raised: $25.0 M
Round: Series B
Funding Month: July 2022
Lead Investors: Noro-Moseley Partners and Frontier Growth
Additional Investors: Blumberg Capital
Company Website: https://www.supplypike.com/
Software Category: automated software
About the Company: SupplyPike was established in 2017 as the research and development arm of logistics provider CaseStack. SupplyPike was spun out of CaseStack in 2018 when Hub Group acquired the Fayetteville-based company late that year. SupplyPike uses technologies like machine learning and artificial intelligence to inform and build collaborative products. The company helps companies manage relationships with retailers while reducing costs and waste by monitoring the status of their supply chains. SupplyPike was founded in 2018 and is based in Fayetteville, Arkansas.
Source: https://talkbusiness.net/2022/07/fayetteville-firm-supplypike-receives-25-million-in-series-b-capital/