About Source
Source is a Travel & Hospitality company based in Portland (United States) founded in 2004. Source is engaged in FFE and OSE procurement services. It operates on a Professional Services model. Source has raised $14.87 million across 7 funding rounds from investors including M13 Company, Rogue Venture Partners and Oregon Venture Fund. Its chief executive, as recorded, is Nicole Schmidt. Source offers products and services including FF&E Procurement and OS&E Procurement. Its focus areas include Business Services, Procurement Services and FF&E and OS&E Procurement. Its legal entity is Source, Inc.
Company details
Source is involved in streamlining FFE and OSE procurement for various sectors including hospitality, multifamily, and senior living. Comprehensive services are provided to ensure transparency, vendor-direct pricing, and expert support. Projects ranging from boutique hotels to large-scale developments are supported, helping clients maintain control and deliver impactful spaces. Timelines are reduced, and outcomes are elevated through smarter procurement processes and real-time visibility.
- Headquarters Portland, United States
- SectorsTravel & Hospitality
- Email••••••••
- Phone•••• ••••
- Website tothesource.com
- Social LinkedIn Facebook Instagram
- Legal Name Source, Inc.
- Total Equity Funding$14.87M (USD)
in 7 rounds
- Latest Funding Round$8.12M (USD), Series A
Jun 2023
- InvestorsM13 Company
& 7 more
Products & Services of Source
Source offers a comprehensive portfolio of products and services, including FF&E Procurement and OS&E Procurement.
FF&E procurement is managed with transparency and efficiency.
OS&E procurement is streamlined for faster project delivery.
Funding Insights of Source
Source has successfully raised a total of $14.87M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $8.12 million completed in June 2023. 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 $14.87M
- Total Rounds 7
- Last Round Series A — $8.12M
- First Round $50,000
(Nov 2018)
- Investors Count 8
All 7 funding rounds of Source with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $8.12M | Series A | – | M13 Company | |
| May 2022 | $450,000 | Seed | – | – | – |
| Jun 2021 | $1.3M | Seed | – | Oregon Venture Fund | |
| Feb 2020 | $2.5M | Seed | – | Rogue Venture Partners, Rogue Women | – |
| Feb 2020 | $1.3M | Seed | – | – | – |
| Jul 2019 | $1.15M | Seed | – | – | – |
| Nov 2018 | $50,000 | Seed | – | – | – |
8 investors in total: 8 institutional.
Investors in Source
Source has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include M13 Company, Rogue Venture Partners and Oregon Venture Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by M13 venture capital fund. | m13.co | Los Angeles, United States | ||
| roguevp.com | ||||
Funding is provided to innovative startups in Oregon. | oregonventurefund.com | United States | ||
Seed and early-stage tech investments are made in the US. | founderscoop.com | Seattle, United States | ||
Revolution is recognized as a D.C.-based investment firm. | revolution.com | Washington, Dc, United States | ||
Early-stage venture capital is provided to women-led tech startups. | roguewmn.com | United States | ||
Early-stage proptech companies are invested in and accelerated by MetaProp. | metaprop.com | New York, United States | ||
MetaProp is recognized as a leading PropTech venture capital firm. | metaprop.vc |
Investor details for Source
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Source
4 people are tracked at Source (1 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Nicole Schmidt | CEO | Leadership |
Puneet B. | Advisor | Team |
Dannelle Churchley | Business Development Manager | Team |
Kelsi Coia | Business Development Manager | Team |
Complete people profiles for Source
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Source
3 dated milestones of Source across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Source is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Series A, of $8.1M.
Web traffic of Source
The website of Source (tothesource.com) receives about 4.3K visits a month.
- Monthly visits4.3K
▲ 41.1% vs previous month
Websites whose visitors overlap most with Source. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| clarkpacific.com | 100% | 10.5K | #2,247,236 | View details | |
| interceramicusa.com | 89% | 6.1K | #2,430,658 | View details | |
aiaseattle.org | aiaseattle.org | 80% | #1,067,438 | – | |
| architizer.com | 54% | 848.9K | #56,120 | View details | |
arch2o.com | arch2o.com | 36% | #180,675 | – |
Top companies in Hotel Management Services
3 companies that operate in the same segment as Source (Hotel Management Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hospitality investment and management services are provided for properties. | 1988 | New York, New York, United States | 5,809 | |||
Hospitality management services for hotels are provided across various segments. | 2003 | Plano, Texas, United States | 29,612 | |||
Casino entertainment and hospitality services are provided to guests. | 1975 | Las Vegas, Nevada, United States | USD 4.09 B | 16,129 |
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Frequently Asked Questions about Source
Source was founded in 2004 and raised its 1st funding round 14 years after it was founded.
Source is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Nicole Schmidt is the CEO of Source, as recorded in our data.
Source is a funded company, having raised a total of $14.87M across 7 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Nov 2018.
Source is involved in streamlining FFE and OSE procurement for various sectors including hospitality, multifamily, and senior living. Comprehensive services are provided to ensure transparency, vendor-direct pricing, and expert support. Projects ranging from boutique hotels to large-scale developments are supported, helping clients maintain control and deliver impactful spaces. Timelines are reduced, and outcomes are elevated through smarter procurement processes and real-time visibility.
Source offers FF&E Procurement and OS&E Procurement.
Source has 8 investors. Key investors include M13 Company, Rogue Venture Partners, Oregon Venture Fund, Founders' Co-op, and Revolution.
Source operates through Source, Inc..