# SourceDay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sourceday

- Industry: Software
- Headquarters: Austin, US
- Website: www.sourceday.com
- Total disclosed funding: $57M
- Latest round: Series C (Feb 9, 2022)
- Investors on record: 6

## About

SourceDay, Inc. is a supply chain management platform that streamlines purchase order collaboration, enhancing supplier relationships and optimizing procurement processes for manufacturers and distributors.Founded in 2013 in Austin, US, SourceDay, Inc. specializes in enhancing purchase order collaboration between buyers and suppliers. The company has successfully secured 7 funding deals, with the latest being a Series C round on February 9, 2022, where they raised USD 34.66 million led by Norwest Venture Partners. The CEO, Tom Kieley, has been pivotal in the company's strategy and growth.SourceDay offers a suite of products including PO Collaboration and SourceDay Intelligence, which automate procurement tasks and enhance supplier performance. The platform is designed to lower buffer stock, improve on-time delivery, and provide real-time visibility, primarily serving manufacturers and distributors in industries such as industrial machinery and electronic components.SourceDay employs a subscription-based revenue model, with clients subscribing to its services for ongoing access to the PO Collaboration platform and SourceDay Intelligence. This pricing structure is tailored to the specific needs of clients, facilitating improved supplier engagement and operational efficiency, ultimately enhancing clients' revenue generation capabilities.Following its Series C funding of USD 34.66 million on February 9, 2022, SourceDay plans to accelerate recruiting efforts, strengthen its sales and marketing capabilities, and double its product and engineering teams. The company aims to expand its market presence, although specific new markets or product releases have not been detailed at this time.

## Funding rounds

- Series C, Feb 9, 2022, $35M — Baird Capital Partners, Norwest Venture Partners, Silverton Partners, Draper, ATX Venture Partners, Alumni Ventures Group
- Series B, Apr 7, 2020, $13M — Baird Capital Partners, Silverton Partners, Draper, ATX Venture Partners
- Series A, Dec 5, 2018, $6.5M — Silverton Partners, Draper, ATX Venture Partners
- Seed, Jul 11, 2017, $3.5M — Silverton Partners, Draper, ATX Venture Partners

## Investors

- Silverton Partners (https://capitalatlas.ai/funds/silverton-partners) — Seed, Series A, Series B, Series C
- Draper (https://capitalatlas.ai/funds/draper) — Seed, Series A, Series B, Series C
- ATX Venture Partners (https://capitalatlas.ai/funds/atx-venture-partners) — Seed, Series A, Series B, Series C
- Baird Capital Partners (https://capitalatlas.ai/funds/baird-capital-partners) — Series B, Series C
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series C
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C