About Sourceful
Sourceful is a Retail company based in London (United Kingdom) founded in 2020 by Shiran Zheng and Mary Wang. Web-based platform for sustainable sourcing and carbon tracking is provided. It operates in the Retail, Technology, and Industrial Goods & Manufacturing sectors. Sourceful has raised $31.84 million across 2 funding rounds from investors including Index Ventures, Coatue and Eka Ventures. The company has 83 employees. Its chief executive, as recorded, is Wing Yung Chan. Its website sourceful.com draws about 37 thousand monthly visits. Sourceful offers products and services including Sourceful Platform, AI Prototype, and Smart Supply Network. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Source To Pay. Its legal entity is SOURCEFUL LTD. Its competitors include Market Dojo, BiP Solutions and Ampulla.
Company details
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.
- Headquarters London, United Kingdom
- Employees 83
- Founders Shiran Zheng, Mary Wang
- SectorsRetailTechnology Industrial Goods & Manufacturing
- Website category Business and Consumer Services · Business Services
- Website sourceful.com
- Social LinkedIn X Facebook Instagram
- Legal Name Sourceful Ltd
- Date of Incorporation 16 Mar, 2018
- Jurisdiction MANCHESTER, ENGLAND
- Total Equity Funding$31.84M (USD)
in 2 rounds
- Latest Funding Round$20M (USD), Series A
Mar 2022
- InvestorsIndex Ventures
& 3 more
- Employee Count83
Products & Services of Sourceful
Sourceful offers a comprehensive portfolio of products and services, including Sourceful Platform, AI Prototype, and Smart Supply Network.
AI tool for creating and managing sustainable packaging options.
Generates photo-real images from packaging designs quickly.
Connects brands with vetted global packaging suppliers.
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 $31.84M
- Total Rounds 2
- Last Round Series A — $20M
- First Round $11.84M
(Sep 2021)
- Investors Count 4
All 2 funding rounds of Sourceful 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 |
|---|---|---|---|---|---|
| Mar 2022 | $20M | Series A | – | Index Ventures | |
| Sep 2021 | $11.84M | Seed | – | Index Ventures |
4 investors in total: 3 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology startups and entrepreneurs. | indexventures.com | |||
Provider of an investment platform for various stages | coatue.com | New York, United States | ||
Venture capital fund focused om consumer tech sector | ekavc.com | London, United Kingdom | ||
DF Dylan Field | CEO of Figma, prominent angel investor in tech startups | unknown_f35263dd7b5a46aa9 |
Investor details for Sourceful
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People of Sourceful
11 people are tracked at Sourceful (8 in leadership, 3 in team); the tracked headcount is 83.
| Name | Role | Group |
|---|---|---|
Shiran Zheng | Co-Founder | Leadership |
Mary Wang | Co-Founder | Leadership |
Wing Yung Chan | CEO | Leadership |
Jacob Cleaver | Head of Digital Product | Leadership |
Clare Potts | Head of Brand | Leadership |
Sharon C. | Chief Of Staff | Leadership |
Tolu Oguntusin | Chief Technology Officer | Leadership |
Oscar Vallance | Chief Operating Officer | Leadership |
Robert Fletcher | Software Engineer | Team |
David Liu | Engineering Lead | Team |
Anton Williams | Software Engineer | Team |
Complete people profiles for Sourceful
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Timeline of Sourceful
3 dated milestones of Sourceful across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Sourceful is founded.
- Funding First funding round of $11.8M.
- Funding Latest funding round, Series A, of $20.0M.
Competitors of Sourceful
Sourceful has 3 listed competitors in our database. They include Market Dojo, BiP Solutions and Ampulla.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| marketdojo.com | 2010 | Bristol, United Kingdom | 20 | B2B e-sourcing and auction software is provided via SaaS. | ||
| bipsolutions.com | 1984 | Glasgow, United Kingdom | Offers business intelligence, eSourcing, and marketing solutions for procurement processes. | |||
| ampulla.co.uk | 2006 | Hyde, United Kingdom | 45 | Online provider of packaging solutions including bottles, jars, and caps for businesses. |
Detailed competitors of Sourceful
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Web traffic of Sourceful
The website of Sourceful (sourceful.com) receives about 36.6K visits a month and ranks #477,113 among all websites worldwide, #3,713 in Business Services.
- Monthly visits36.6K
▼ 28.7% vs previous month
- Unique visitors25.7K
per month
- Global rank#477,113
among all websites
- Category rank#3,713
Business and Consumer Services · Business Services
- Bounce rate41%
- Pages per visit4.4
- Average visit2 min 17 sec
- DevicesDesktop 50% · Mobile 50%
Websites whose visitors overlap most with Sourceful. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| groundedpackaging.co | 100% | 16.3K | #1,570,497 | View details | |
| sttark.com | 96% | #680,970 | View details | ||
| packmojo.com | 96% | 65.9K | #615,510 | View details | |
| gembah.com | 96% | 107.3K | #379,079 | View details | |
| greenly.earth | 93% | 216.4K | #229,710 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 30 similar websites and full traffic analytics for Sourceful
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Related news about Sourceful
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Frequently Asked Questions about Sourceful
Sourceful was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Sourceful is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Wing Yung Chan is the CEO of Sourceful, as recorded in our data.
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 2021.
Sourceful has 83 employees.
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.
Sourceful's top competitors include Market Dojo, BiP Solutions and Ampulla.
Sourceful offers Sourceful Platform, AI Prototype, and Smart Supply Network.
Sourceful has 4 investors. Key investors include Index Ventures, Coatue, Eka Ventures, and Dylan Field.
Sourceful operates through Sourceful Ltd.