# Sourcemap

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

- Industry: Software
- Headquarters: New York, US
- Website: www.sourcemap.com
- Total disclosed funding: $47M
- Latest round: Series B (Jun 6, 2023)
- Investors on record: 2

## About

Based in New York, US, and founded in 2011, Sourcemap Inc. is a supply chain transparency and traceability enterprise software company helping consumers and companies trace products to the source and ensure standards are met. The company was spun out of early MIT research and is led by founder and CEO, Leonardo Bonanni. In June 2023, Sourcemap Inc. raised USD 20 million in series B funding led by Energize Ventures, with participation from E14 Fund.

Sourcemap's solutions include supply chain due diligence where supply chain mapping software automates the process of engaging stakeholders across the supply chain, including direct suppliers, indirect suppliers, and raw material producers; responsible sourcing for managing certified materials and supplier benchmarks; supply chain transparency; sustainability reporting; and supply chain resilience. Sourcemap provides due diligence software for global brands to map their supply chains down to the raw materials and ensure operational best practices. Sourcemap’s software platform encompasses the full suite of due diligence requirements to support all business needs including supplier discovery, supply chain mapping, supplier risk assessment, transaction traceability, fraud detection, resilience planning, real-time visualization, and consumer-facing transparency.

Additionally, more than 400,000 business entities are registered on the platform - retailers and manufacturers across food and agriculture, apparel, textiles, home goods, automotive, manufacturing, pharmaceuticals, semiconductors and renewables, mining & minerals, and luxury and cosmetics use Sourcemap for end-to-end supply chain due diligence.

The company intends to use the June 2023 funding to support its expansion and to develop its solutions and monitoring software.

## Funding rounds

- Series B, Jun 6, 2023, $20M — E14 Fund, Energize Capital
- Series B, Feb 10, 2023, $17M — E14 Fund, Energize Capital
- Series A, Mar 1, 2022, $9.7M — E14 Fund, Energize Capital

## Investors

- E14 Fund (https://capitalatlas.ai/funds/e14-fund) — Series A, Series B
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series A, Series B