Leverage

Leverage specializes in supply chain management, offering solutions to enhance end-to-end visibility across various aspects of the supply chain. The company's primary focus is on automating the supply chain process, covering shipment monitoring, purchase order management, and inventory management.

Leverage stands out for its ability to integrate directly with freight forwarders and logistics partners, providing real-time visibility of shipments. The company’s platform also offers a comprehensive suite of services, including purchase order management, inventory management, and supplier performance assessment.

Key customers and partnerships

The company caters to industries such as consumer product goods, retail and fashion, direct-to-consumer, and manufacturing.

Funding and financials

In July 2023, Leverage raised USD 7 million in a funding round led by Chicago Ventures, with participation from renowned investors such as Mark Cuban, Las Olas Venture Capital, Remarkable Ventures, Tensility Venture Partners, and Great Oaks. The new funds were intended to accelerate the growth of Leverage's product in alignment with the increased demand for its platform, where the focus remains on creating sustainable global supply chains through improved visibility of purchases and shipments. Earlier in 2022, the company raised USD 5 million in seed funding with prominent investors like Mark Cuban, Las Olas Venture Capital, Remarkable Ventures, Tensility Venture Partners, and Great Oaks. The funds were to be used for the expansion of the company's product to match its increasing demand.