About SourceDay
SourceDay is a company based in Austin (United States) founded in 2013 by Clint McRee. SourceDay has raised $58.75 million across 6 funding rounds from investors including Coupa, Norwest Venture Partners and ATX Venture Partners. SourceDay offers products and services including SourceDay Intelligence, PO Collaboration, and RFQ Platform. SourceDay operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Total Equity Funding$58.75M (USD)
in 6 rounds
- Latest Funding Round$34.66M (USD), Series C
Feb 2022
- InvestorsCoupa
& 6 more
Products & Services of SourceDay
SourceDay offers a comprehensive portfolio of products and services, including SourceDay Intelligence, PO Collaboration, and RFQ Platform.
AI tool for predicting and resolving supply chain risks
Platform for managing purchase orders and supplier engagement
System to accelerate supplier quoting and procurement processes
Apps and channels of SourceDay
its YouTube channel SourceDay has 315 subscribers and 30 videos.
Videos from SourceDay
The most watched videos on SourceDay's YouTube channel, SourceDay (315 subscribers). Click a video to play it here.
More on SourceDay.
Funding Insights of SourceDay
SourceDay has successfully raised a total of $58.75M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $34.66 million completed in February 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 $58.75M
- Total Rounds 6
- Last Round Series C — $34.66M
- First Round $750,000
(Jun 2015)
- Investors Count 7
All 6 funding rounds of SourceDay 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 |
|---|---|---|---|---|---|
| Feb 2022 | $34.66M | Series C | – | Norwest Venture Partners | |
| Jun 2021 | – | Series B | – | Coupa | – |
| Apr 2020 | $12.5M | Series B | – | Baird Capital | |
| Dec 2018 | $6.54M | Series A | – | Silverton Partners, Draper Associates | – |
| Jul 2017 | $4.3M | Seed | – | Draper Associates | |
| Jun 2015 | $750,000 | Seed | – | Draper Associates, Silverton Partners | – |
7 investors in total: 7 institutional.
Investors in SourceDay
SourceDay has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Coupa, Norwest Venture Partners and ATX Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Early-stage venture capital investments are made by ATX Venture Partners. | 2014 | atxventurepartners.com | Austin, United States | |
Global private equity and venture capital investments in B2B Tech & Services companies. | – | bairdcapital.com | - | |
Early-stage technology companies receive venture capital investments. | – | draper.vc | San Mateo, United States | |
Venture capital investing and portfolio management services for accredited investors. | – | av.vc | - | |
Tech companies are funded through venture capital by Silverton Partners. | – | silvertonpartners.com | Austin, United States | |
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | coupa.com | San Mateo, United States |
Investor details for SourceDay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of SourceDay
16 people are tracked at SourceDay (7 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Clint McRee | Co-Founder | Leadership |
Colby Young | Vice President, Alliances | Leadership |
Greg Pepin | Head Of Customer Success And Account Management | Leadership |
Eric Shanteau, OLY | Sales Director | Leadership |
Maureen Myrick | Director of Client Services | Leadership |
Lauren Hammonds, MSLC | Senior Director Customer Success | Leadership |
Craig D. | Senior Sales Director | Leadership |
Dylan Shawhan | Expansion Sales | Team |
Lisa Furler | Product Enablement Specialist | Team |
Tom Kieley | Member Board Of Directors | Team |
Lindsey Hagen | Customer Success Manager | Team |
Lesley Merlino | Sr. Manager, Channel Enablement | Team |
Kim Hayden | Business Development Consultant | Team |
Angelo Pacheco III | Senior Customer Success Manager | Team |
Josh Nelius | Technical Customer Support Lead and Supply Chain Specialist | Team |
Courtney Link | Customer Success Manager | Team |
Complete people profiles for SourceDay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of SourceDay
3 dated milestones of SourceDay across 9 years, from founding to its latest funding, stage changes and deals.
- Founded SourceDay is founded.
- Funding First funding round of $750K.
- Funding Latest funding round, Series C, of $34.7M.
Competitors of SourceDay
SourceDay 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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| avetta.com | 2003 | Lehi, United States | $35M | 390 | Supply chain risk management and supplier pre-qualification platform | |
| corcentric.com | 1998 | Mclean, United States | $81.2M | – | Cloud-based procurement automation solutions are delivered to businesses worldwide. |
Detailed competitors of SourceDay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of SourceDay
The website of SourceDay (sourceday.com) receives about 85.4K visits a month and ranks #634,170 among all websites worldwide, #5,051 in Business Services.
- Monthly visits85.4K
▲ 10.8% vs previous month
- Unique visitors8.3K
per month
- Global rank#634,170
among all websites
- Category rank#5,051
Business and Consumer Services · Business Services
- Bounce rate54%
- Pages per visit2.6
- Average visit2 min 26 sec
- DevicesDesktop 78% · Mobile 22%
Websites whose visitors overlap most with SourceDay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fulfyld.com | 100% | – | #957,567 | View details | |
| wareiq.com | 100% | 121.1K | #357,134 | View details | |
| ups.com | 66% | 210.9M | #157 | View details |
Latest news on Sourceday
Complete news archive for SourceDay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to SourceDay
10 companies that operate in the same segment as SourceDay (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about SourceDay
SourceDay was founded in 2013 and raised its 1st funding round 2 years after it was founded.
SourceDay is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
SourceDay is a funded company, having raised a total of $58.75M across 6 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on Jun 2015.
SourceDay was founded in 2013 in Austin, United States, within the supply chain management sector. A cloud-based ERP portal is operated to handle supplier interactions for businesses. Automation is applied to new purchase orders, exceptions, and overdue orders. Services encompass purchase order lifecycle management, risk assessment, and automated ordering systems, alongside integration with existing ERP platforms. Operations focus on streamlining procurement processes geographically centered in the U.S.
SourceDay's top competitors include Coupa, Sage Group and Airbase.
SourceDay offers SourceDay Intelligence, PO Collaboration, and RFQ Platform.
SourceDay has 7 investors. Key investors include Coupa, Norwest Venture Partners, ATX Venture Partners, Baird Capital, and Draper Associates.
SourceDay operates through Sourceday, Inc..