# SourceSage Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sourcesage-pte

- Industry: Internet
- Headquarters: Singapore
- Website: www.sourcesage.co
- Total disclosed funding: $1.6M
- Latest round: Series A (Jan 30, 2019)
- Investors on record: 3

## About

SourceSage Pte Ltd is a leading B2B marketplace aggregator based in Singapore, streamlining procurement processes for large corporations by connecting them with a vast array of suppliers across various industries.Founded in 2015 and headquartered in Singapore, SourceSage operates as a B2B marketplace aggregator. The company was established by Jian Sim, who has a history of founding other ventures. SourceSage has participated in 6 deals, with its most recent funding round occurring on November 20, 2020, where it raised SGD 2.2 million led by investors Wavemaker Partners and iGlobe Partners. The total amount raised by the company stands at SGD 2.2 million.SourceSage operates as Asia's largest B2B marketplace aggregator, providing a comprehensive platform that enhances the procurement process for corporate buyers. The platform grants access to over 100 million eCommerce products and services across 800 categories, enabling seamless sourcing from multiple B2B and B2C marketplaces and integrating with ERP systems like SAP Ariba and Oracle. The company serves a diverse clientele, including multinational corporations such as DHL and Cushman & Wakefield, across numerous markets including the United States, Singapore, and Japan.In 2023, SourceSage reported a revenue of SGD 2,572,186.60, with an EBITDA of SGD -1,056,362.30, indicating operational results for that fiscal year.Following the recent funding round of SGD 2.2 million on November 20, 2020, SourceSage aims to leverage these resources to enhance its platform capabilities and broaden its market reach. The company is exploring the development of new products aimed at optimizing the procurement experience for users. Additionally, SourceSage has plans to expand into new geographical regions, specifically targeting markets in Southeast Asia and beyond by mid-2024.

## Funding rounds

- Series A, Jan 30, 2019, $1.3M — iGlobe Partners, Wavemaker Partners
- Seed, Dec 5, 2016, $0.2M — Wavemaker Partners, Crystal Horse Investments Pte Ltd.

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Crystal Horse Investments Pte Ltd. — Seed
- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series A