Sourcemap

Overview
News
Supply Chain Tech?
Product stageSegments
Growth
?
Traceability and verification
?

Sourcemap, originating from MIT research, specializes in supply chain transparency and traceability software. This company offers a platform that maps products from raw materials to finished goods, providing procurement teams with insights into the entire supply chain. Its solutions encompass supply chain mapping, transaction traceability, supplier engagement, risk assessment, visualization, reporting, and more, ensuring compliance with regulations like the EU Deforestation Regulation and enhancing supply chain resilience and sustainability.

Key customers and partnerships

The company caters to a wide range of industries, including agriculture, apparel, textiles, home goods, luxury cosmetics, pharmaceuticals and life sciences, automotive and manufacturing, semiconductors, renewables, mining, and minerals. As of March 2024, the company served 200+ brands. Some of its notable customers include industry giants such as Ferrero, Hershey's, Mars, Williams Sonoma, ECOM, Hoka One One, UGG, Salomon, Arc'teryx, Wilson, Breitling, and YOOX Net-a-Porter Group. As of June 2023, the company had over two million businesses registered on its platform.

In December 2022, Sourcemap partnered with Kharon, a provider of a robust forced labor dataset, to increase supply chain compliance with various import regulations. The integration with Kharon's forced labor dataset will allow Sourcemap's clients to automatically cross-verify real-time supply chain maps. This equips businesses with deeper insights to eliminate forced labor in supply chains and reduce associated risks.

Funding and financials

In June 2023, Sourcemap raised USD 20 million in a Series B funding round led by Energize Ventures, with contributions from the E14 Fund. The company planned to use the funding to expand its global presence and introduce more solutions to its supply chain mapping and monitoring software suite.

HQ location:
225 Broadway 40th Floor New York NY USA
Founded year:
2011
Employees:
51-100
IPO status:
Private
Total funding:
USD 47.0 mn
Last Funding:
USD 20.0 mn (Series B; Jun 2023)
Last valuation:
-
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Product Overview
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Company profile
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