Source
Latest round
- Series A
Last raised
- Jul 2023
Total raised
- $9.3M
Investors
- 6
About Source
Founded in 2018 and headquartered in Portland, US, Source operates in procurement services targeting the hospitality and real estate development sectors. The company has executed a total of 2 deals, with the most recent transaction occurring on July 5, 2023.Source specializes in the procurement of furniture, fixtures, and equipment (FF&E) as well as operating supplies and equipment (OS&E) for the hospitality, multifamily, and senior living sectors. Their primary offerings streamline the procurement process by providing vendor-direct pricing, real-time visibility, and expert support, enabling clients to manage their projects more efficiently and effectively. The company focuses on creating impactful spaces, serving a diverse client base that includes boutique hotels, large-scale developments, and senior living facilities. Source's solutions are designed to simplify complexity and drive momentum for visionaries in the industry, ensuring that procurement is faster, smarter, and more transparent.Source generates revenue through a business-to-business (B2B) model, primarily involving direct transactions with clients seeking procurement services. The revenue structure typically involves fee-based arrangements where clients engage Source for their procurement expertise and resources. The company’s financial performance is supported by a robust client retention rate of 98%, indicating a strong demand for their services. Transactions often encompass comprehensive contracts that cover multiple aspects of procurement, from initial sourcing to final installation, ensuring that clients receive a complete package of services. The company aims to introduce new products designed to further streamline procurement processes while targeting expansion into additional urban markets across the United States.
Who invested in Source
6 investors across 2 rounds
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Questions about Source
Who invested in Source?
Source has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Source raised?
Source has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Source last raise money?
Source's most recent round on record is a Series A, in Jul 2023.
What does Source do?
Founded in 2018 and headquartered in Portland, US, Source operates in procurement services targeting the hospitality and real estate development sectors.
Where is Source headquartered?
Source is headquartered in Portland, US.
Which VCs invest in companies like Source?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Source's stage. Their profiles are linked below.
VCs backing internet startups at Series A
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