# SupplyCompass

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

- Industry: Software
- Headquarters: London, UK
- Website: www.supplycompass.com
- Total disclosed funding: $1.8M
- Latest round: Seed (Jun 25, 2019)
- Investors on record: 3

## About

SupplyCompass Ltd is a digital platform focused on optimizing product development and supply chain management for the fashion industry, enhancing collaboration and operational efficiency among brands and manufacturers.SupplyCompass Ltd operates a digital platform that streamlines product development and supply chain management specifically for the fashion industry. The company was founded in London, UK. In June 2019, SupplyCompass raised GBP 1.44 million in Seed funding, led by Episode 1 Ventures, with participation from Ascension Ventures and Unicorn India Ventures. This funding round raised the company's valuation to GBP 5.96 million. The company's founder, whose details are not provided, has previously contributed to the startup ecosystem.SupplyCompass specializes in a digital platform designed to streamline product development and supply chain management within the fashion industry. Its core offerings include a Product Development module that facilitates real-time collaboration between brands and manufacturers, allowing teams to create, provide feedback, and approve designs for production. The software enhances tracking and organization through comprehensive visibility over the status of each product style, with well-structured workflows for efficient management. Additionally, the Shared Supplier Workspace centralizes communication, digital sample management, and tech pack access, reducing reliance on disparate messaging platforms. SupplyCompass's services cater to small to medium-sized enterprises (SMEs) in the fashion sector, aiming to improve operational efficiency and sustainability, and the platform is accessible to businesses in markets across North America, Europe, and parts of Asia.In the most recent year of 2020, SupplyCompass reported a revenue of GBP 565,074.2, with an EBITDA amount of GBP -1,020,214.6, indicating operational challenges during that period. The company's revenue primarily stems from a subscription-based model, where clients engage in annual or monthly subscriptions to access the platform's features, including the SKU Explorer and tracking functionalities. Pricing plans may be tiered based on the number of users or volume of styles managed, serving a range of clients from independent brands to larger fashion houses.The funding raised in June 2019, amounting to GBP 1.44 million, is intended to support SupplyCompass's strategic initiatives for future growth, including potential new product launches and market expansions. While specific new products have not been detailed, the company is expected to focus on enhancing its platform capabilities. The investment will also facilitate expansion into new geographical regions, particularly targeting markets in North America and Asia within the next few years, thereby broadening its customer base and improving its service offerings.

## Funding rounds

- Seed, Jun 25, 2019, $1.8M — Ascension Ventures, Episode 1 Ventures, Unicorn India Ventures

## Investors

- Ascension Ventures (https://capitalatlas.ai/funds/ascension-ventures) — Seed
- Episode 1 Ventures (https://capitalatlas.ai/funds/episode-1-ventures) — Seed
- Unicorn India Ventures (https://capitalatlas.ai/funds/unicorn-india-ventures) — Seed