About LogicSource
LogicSource is a company based in Norwalk (United States) founded in 2009.. LogicSource has raised $205.68 million across 5 funding rounds from investors including FTV Capital. The company has 196 employees as of December 31, 2022. LogicSource offers products and services including OneMarket Platform, Sourcing Services, and Procure-to-Pay. LogicSource operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Headquarter Norwalk, United States
- Employees 196 as on 31 Dec, 2022
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Logicsource®, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$205.68 M (USD)
in 5 rounds
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Latest Funding Round
$180 M (USD), Series C
Apr 07, 2022
- Investors
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Employee Count
196
as on Dec 31, 2022
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Products & Services of LogicSource
LogicSource offers a comprehensive portfolio of products and services, including OneMarket Platform, Sourcing Services, and Procure-to-Pay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrated platform for managing procurement and contracts efficiently.
Services for critical sourcing and buying components.
System for streamlining procure-to-pay processes and efficiencies.
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Funding Insights of LogicSource
LogicSource has successfully raised a total of $205.68M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $180 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $180.0M
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First Round
First Round
(28 Oct 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series C - LogicSource | Valuation | FTV Capital |
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| Oct, 2020 | Amount | Series B - LogicSource | Valuation |
investors |
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| Nov, 2013 | Amount | Series B - LogicSource | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LogicSource
LogicSource has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include FTV Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LogicSource
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LogicSource
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Logicsource Comparisons
Competitors of LogicSource
LogicSource operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coupa, Sage Group, Tipalti, Emburse and Airbase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Logicsource
Frequently Asked Questions about LogicSource
When was LogicSource founded?
LogicSource was founded in 2009.
Where is LogicSource located?
LogicSource is headquartered in Norwalk, United States.
Is LogicSource a funded company?
LogicSource is a funded company, having raised a total of $205.68M across 5 funding rounds to date. The company's 1st funding round was a Series B of $12.99M, raised on Oct 28, 2009.
How many employees does LogicSource have?
As of Dec 31, 2022, the latest employee count at LogicSource is 196.
What does LogicSource do?
Founded in 2009 and based in Norwalk, United States, LogicSource delivers cloud-based solutions for total sourcing, procurement, and transaction management. Tactical and strategic sourcing, complex category handling, and advisory co-sourcing services are included. The OneMarket platform enables procurement automation, management, and measurement. Operations target sectors such as retail, consumer packaged goods, finance, insurance, travel, leisure, and healthcare.
Who are the top competitors of LogicSource?
LogicSource's top competitors include Coupa, Sage Group and Airbase.
What products or services does LogicSource offer?
LogicSource offers OneMarket Platform, Sourcing Services, and Procure-to-Pay.
Who are LogicSource's investors?
LogicSource has 1 investor. Key investors include FTV Capital.