# Old Street Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/old-street-labs

- Industry: Software
- Headquarters: London, UK
- Website: www.vizibl.co
- Total disclosed funding: $6M
- Latest round: Series A (Mar 28, 2019)
- Investors on record: 4

## About

Old Street Labs Limited is a digital platform provider that enhances Supplier Collaboration and Innovation Management for enterprise organizations, addressing procurement, supply chain, and sustainability challenges.Old Street Labs Limited, founded in 2012, is based in London, UK. The company specializes in providing solutions for supplier collaboration. The founders, Alex Short and Mark Perera, have a background in technology and business solutions. The company's latest funding round, Series A, took place on March 28, 2019, where they raised GBP 3.24 million from Seneca Partners and other investors, bringing the total amount raised to GBP 3.24 million and valuing the company at GBP 14.38 million.Vizibl offers a comprehensive digital platform focused on Supplier Collaboration and Innovation Management. This platform enables enterprise organizations to address challenges in procurement, supply chain management, and sustainability by fostering collaboration with suppliers and partners. Key functionalities include relationship management, joint business planning, and tracking of ESG initiatives, all accessible in a centralized workspace. The platform is designed to optimize supplier relationships by enhancing visibility, agility, and governance, ultimately driving mutual value and sustainable growth. Vizibl primarily serves large global enterprises across various sectors, facilitating collaboration in markets such as North America, Europe, and Asia-Pacific, where organizations face growing demands for innovation and sustainability.Vizibl generates revenue through a subscription-based model for its Supplier Collaboration and Innovation platform, targeting enterprise clients. Transactions typically involve multi-year contracts wherein organizations subscribe to access the platform's suite of services, including governance frameworks, professional consulting, and bespoke analytics tailored to procurement functions. Clients engage in long-term partnerships that focus on continuous improvement in their supplier relationships and sustainability practices. The pricing structure is based on the level of services utilized and may include tiered subscription options that align with the specific needs of each enterprise client.Old Street Labs Limited plans to leverage its recent Series A funding of GBP 3.24 million to enhance its platform capabilities and expand into new markets, specifically targeting North America and Asia-Pacific by 2022. The funding will be allocated towards developing new product features that enhance supplier collaboration and innovation management, aiming to address increasing market demands for sustainability and efficiency in supply chain operations.

## Funding rounds

- Series A, Mar 28, 2019, $4.2M — Seneca Partners
- Seed, Aug 31, 2016, $1.5M — Force Over Mass Capital, LocalGlobe
- Seed, Apr 3, 2014, $0.3M — Armada Ventures

## Investors

- Armada Ventures (https://capitalatlas.ai/funds/armada-ventures) — Seed
- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Seed
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Seneca Partners — Series A