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.
- Headquarter Austin, United States
- Founders Clint McRee
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Sourceday, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$58.75 M (USD)
in 6 rounds
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Latest Funding Round
$34.66 M (USD), Series C
Feb 15, 2022
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Investors
Coupa
& 6 more
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Employee Count
Not available
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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
People of SourceDay
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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.
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.
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Early-stage venture capital investments are made by ATX Venture Partners.
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Global private equity and venture capital investments in B2B Tech & Services companies.
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Investor details for SourceDay
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Investments & Acquisitions by SourceDay
Investment portfolio details for SourceDay
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Financial Statements - SourceDay
Detailed financials for SourceDay
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Sourceday Comparisons
Peer comparison for SourceDay
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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 year | HQ Location | Description |
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Cloud-based end-to-end spend management software is delivered for businesses.
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Cloud-based accounting and payroll solutions for small and medium businesses
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Corporate cards and expense management are offered to businesses.
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Procure-to-pay management software is offered for business operations.
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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Detailed competitors of SourceDay
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Latest news on Sourceday
Complete news archive for SourceDay
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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.
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.