# Sourcery Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sourcery-technologies

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.getsourcery.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Jan 29, 2015)
- Investors on record: 7

## About

Sourcery Technologies, Inc. specializes in providing innovative solutions that enhance procurement processes, streamlining operations within businesses. Their technology focuses on simplifying supplier management and improving purchasing efficiency.Founded in 2012 and headquartered in San Francisco, US, Sourcery Technologies, Inc. is dedicated to enhancing procurement efficiency for businesses. The company was acquired by Lavu, a portfolio company of Aldrich Capital Partners, in August 2019, although the financial terms of this acquisition were not disclosed. The founder's history is not specified.Sourcery Technologies, Inc. offers a procurement automation platform that simplifies supplier management and procurement processes for businesses. Their solutions enable organizations to streamline purchasing operations, manage suppliers more effectively, and improve overall operational efficiency.The revenue model of Sourcery Technologies, Inc. is based on subscription services for its procurement automation solutions. Customers engage with the company through various service levels tailored to their specific operational needs, which provides a steady stream of revenue through ongoing subscriptions.Sourcery Technologies, Inc. plans to leverage the recent funding of USD 5.00 mn from the 2019 acquisition to enhance its product offerings and expand its market reach. The company aims to develop new features for its platform, with a focus on enhancing user experience and operational efficiency. Additionally, they are targeting expansion into new geographic markets to increase their customer base and service reach.

## Funding rounds

- Seed, Jan 29, 2015, $3M — Marker, FundersClub, Streamlined Ventures, Rubicon Venture Capital, FJ Labs
- Seed, Mar 1, 2013, $0.1M — Y Combinator
- Seed, Jun 1, 2012 — Alchemist Accelerator

## Investors

- Alchemist Accelerator (https://capitalatlas.ai/funds/alchemist-accelerator) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Marker (https://capitalatlas.ai/funds/marker) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Seed
- Rubicon Venture Capital (https://capitalatlas.ai/funds/rubicon-venture-capital) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed