About Sourceful
Sourceful is a company based in London (United Kingdom) founded in 2020 by Shiran Zheng and Mary Wang.. Sourceful has raised $31.84 million across 2 funding rounds from investors including Index Ventures, Coatue and Eka Ventures. The company has 83 employees as of December 01, 2023. Sourceful offers products and services including Sourceful Platform, AI Prototype, and Smart Supply Network. Sourceful operates in a competitive market with competitors including Globality, Market Dojo, BiP Solutions, Ampulla and iVeridis, among others.
- Headquarter London, United Kingdom
- Employees 83 as on 01 Dec, 2023
- Founders Shiran Zheng, Mary Wang
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Sectors
RetailTechnology Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Sourceful Ltd
- Date of Incorporation 16 Mar, 2018
- Jurisdiction MANCHESTER, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31.84 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series A
Mar 29, 2022
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Investors
Index Ventures
& 3 more
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Employee Count
83
as on Dec 01, 2023
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Products & Services of Sourceful
Sourceful offers a comprehensive portfolio of products and services, including Sourceful Platform, AI Prototype, and Smart Supply Network. 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.
AI tool for creating and managing sustainable packaging options.
Generates photo-real images from packaging designs quickly.
Connects brands with vetted global packaging suppliers.
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Funding Insights of Sourceful
Sourceful has successfully raised a total of $31.84M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in March 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 2
- Last Round Series A — $20.0M
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First Round
First Round
(13 Sep 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - Sourceful | Valuation | Index Ventures | |
| Sep, 2021 | Amount | Seed - Sourceful | Valuation | Index Ventures |
| 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 Sourceful
Sourceful has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Index Ventures, Coatue and Eka Ventures. 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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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture capital fund focused om consumer tech sector
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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 Sourceful
| 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 - Sourceful
| 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 |
Sourceful Comparisons
Competitors of Sourceful
Sourceful 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 Globality, Market Dojo, BiP Solutions, Ampulla and iVeridis, 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 |
An AI-based platform for global sourcing and outsourcing is offered.
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| domain | founded_year | HQ Location |
B2B e-sourcing and auction software is provided via SaaS.
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| domain | founded_year | HQ Location |
Offers business intelligence, eSourcing, and marketing solutions for procurement processes.
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| domain | founded_year | HQ Location |
Online provider of packaging solutions including bottles, jars, and caps for businesses.
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| domain | founded_year | HQ Location |
Sourcing solutions provider
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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 Sourceful
Frequently Asked Questions about Sourceful
When was Sourceful founded?
Sourceful was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Sourceful located?
Sourceful is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Sourceful?
Wing Yung Chan is the current CEO of Sourceful.
Is Sourceful a funded company?
Sourceful is a funded company, having raised a total of $31.84M across 2 funding rounds to date. The company's 1st funding round was a Seed of $11.84M, raised on Sep 13, 2021.
How many employees does Sourceful have?
As of Dec 01, 2023, the latest employee count at Sourceful is 83.
What does Sourceful do?
Sourceful was founded in 2020 in London, United Kingdom, as a technology firm focused on sustainable supply chain management. A web-based platform is operated to enable product customization with sustainability features, carbon footprint monitoring, and real-time design data integration. Services include carbon offsetting, sustainability reporting, supplier selection, logistics aggregation, and supply chain oversight to support business operations in the sourcing sector.
Who are the top competitors of Sourceful?
Sourceful's top competitors include Globality, Market Dojo and iVeridis.
What products or services does Sourceful offer?
Sourceful offers Sourceful Platform, AI Prototype, and Smart Supply Network.
Who are Sourceful's investors?
Sourceful has 4 investors. Key investors include Index Ventures, Coatue, Eka Ventures, and Dylan Field.