Selections: Supply Chain & Logistics


2017 founded, Undisclosed raised, 25-50 employees, Austria-based

Client snapshot:

Audi, Kärcher, Porsche, Volkswagen

What do they do?

Prewave is a data analytics platform designed to predict supply chain risks by analysing data. The platform analyses social media data with machine learning techniques to monitor and communicate information which predicts supply chain anomalies, enabling businesses to anticipate upcoming risk events in logistic networks and detect and eliminate sustainability risks.

Why we’re interested?

We all remember the early days of Brexit and Covid where items such as toilet roll and vegetables were in short supply. Well, Prewave goes some way to ensuring that these supply chain shortages are unlikely to happen again… at least at the business level. 

Using AI, Prewave finds, monitors, and categorises risks impacting suppliers, sending business alerts if a risk is identified or even predicted to occur in the future. These risks range from financial stress, legal stress, natural disasters, consumer panics, labour shortages, political unrest and more. Prewave can analyse data from millions of sources in more than 50 languages and can monitor suppliers with a global coverage.

2020 founded, $12.2m raised, 25-50 employees, UK-based

Client snapshot:

Undisclosed

What do they do?

Sourceful is a sourcing and supply chain platform intended to help businesses find sustainable auxiliary goods. Sourceful leverages its direct-to-manufacturer relationships, developing intelligent tech solutions and their aggregated logistics to reduce the financial and environmental cost of freight. This helps businesses offset their carbon footprint with smart logistics.

Why we’re interested?

Sourceful tackles a long standing problem facing manufacturers… and yep you guessed it… it’s supply chain – specifically, the climate impact of the supply chain. What’s so bad about supply chains? A shocking 83% of a company’s greenhouse gas emissions comes from its supply chain and, if we are going to meet net-zero by 2050, this has to change fast. 

Sourceful uses their direct-to-manufacturer relationships to source products from factories that meet standards on aspects such as price quality, working conditions and environmental impact. Their ‘aggregated logistics’ lowers the cost of freight and reduces overall carbon emissions. Additionally, their established manufacturer network means backup factories are readily available to ensure supply chain reliability. 
Sourceful raised a $12.2m Seed round in September 2021 led by Index Ventures, joined by Venrex and Eka Ventures (Techcrunch).

2015 founded, $39.1m raised, 50-100 employees, US-based

Client snapshot:

Top CPG, Top 10 US Energy, Top 3 Pulp and Paper

What do they do?

Verusen is a vendor support management tool intended to automate the entire sales and procurement process for materials management. The tool provides clear EP data insights, process automation, and load balance while its neural Artificial Intelligence merges and structures the data records across locations and divisions. 

Why we’re interested?

Verusen’s mission is to solve supply chain network complexity and to boost supply chain digital transformation… no small task! Verusen’s platform allows businesses to manage  global material searches across systems and locations, network inventory and materials optimisation, and supply network demand transparency. In short, Verusen looks to streamline the procurement process for materials management. 

They recently raised a $25m Series B round in January 2022, led by Scale Venture Partners. They are also backed by BMW i Ventures and are partnered with Accenture and SAP Software Solutions.

2016 founded, $20.4m raised, 25-50 employees, UK-based

Client snapshot:

Ability Matters Group, Clinigen, Peak Design, Thread

What do they do?

7Bridges is a logistics engine optimisation platform designed to automate the workflow of the logistics industry. The platform is an artificial intelligence-powered web-based tool that brings together logistics data and makes them accessible from a single user interface.

Why we’re interested

7Bridges brings together logistics data, making it accessible from a single user interface. Their AI platform, LEO, enriches this data to deliver business decision making. This  provides enterprises with visibility over costs, operations and performance, making logistics easy for everyone in the enterprise from the Accounts Payable team, to supply chain managers, customer support agents and warehouse operatives. Their platform can integrate with existing systems in 2 weeks and takes only 4 weeks for businesses to see a return on investment,  resulting in a 30% savings on direct costs.

7Bridges recently raised a $17m Series A in January 2022, led by Eight Roads Ventures. Other investors include Crane Venture Partners, Maersk Growth and LocalGlobe. We look forward to seeing what the company does next!

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