About Sourcery
Sourcery is a Technology company based in San Francisco (United States) founded in 2012, and was acquired by Lavu iPad PoS in August 2019. Accounts payable automation solutions are delivered via software platforms. Sourcery has raised $7.5 million across 3 funding rounds from investors including Palantir, Lavu iPad PoS and Marker LLC. Sourcery offers products and services including iPad POS System, Payment Processing, Online Ordering, Kitchen Display System, and Payroll Integration. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its legal entity is LAVU INC. Its competitors include Bill.com, AvidXchange and Zip; 3 of its 3 listed competitors have raised funding.
Company details
Sourcery was founded in 2012 and is headquartered in San Francisco, United States. Operations focus on the fintech sector, where software tools are developed to automate accounts payable processes. Services include invoice management, payment processing, and workflow optimization for businesses. The companys domain, getsourcery.com, supports these digital solutions aimed at streamlining financial operations across various industries.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsTechnology
- Website getsourcery.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Lavu iPad PoS (Aug 2019)
- Legal Name Lavu Inc.
- Total Equity Funding$7.5M (USD)
in 3 rounds
- Latest Funding Round$5M (USD), Series A
Sep 2016
- InvestorsPalantir
& 4 more
- Acquired byLavu iPad PoS
(Aug 2019)
Products & Services of Sourcery
Sourcery offers a comprehensive portfolio of products and services, including iPad POS System, Payment Processing, Online Ordering, Kitchen Display System, and Payroll Integration.
Cloud-based platform for restaurant order and inventory management
Secure system for handling cash and card transactions
Tool for web-based menu and order integration
Digital interface for kitchen order tracking and fulfillment
Automated system for employee payroll processing
Apps and channels of Sourcery
its YouTube channel Lavu iPad POS has 2.43K subscribers and 30 videos.
Videos from Sourcery
The most watched videos on Sourcery's YouTube channel, Lavu iPad POS (2.43K subscribers). Click a video to play it here.
More on Lavu iPad POS.
Funding Insights of Sourcery
Sourcery has successfully raised a total of $7.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in September 2016. 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 $7.5M
- Total Rounds 3
- Last Round Series A — $5M
- Investors Count 4
All 3 funding rounds of Sourcery 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 |
|---|---|---|---|---|---|
| Sep 2016 | $5M | Series A | – | Marker | |
| Oct 2014 | $2.5M | Seed | – | – | – |
| Jun 2012 | Seed | – | Alchemist Accelerator | – |
5 investors in total: 5 institutional.
Investors in Sourcery
Sourcery has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Palantir, Lavu iPad PoS and Marker LLC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Marker LLC is engaged in intelligent investing in technology firms. | marker-llc.com | New York, United States | ||
Private equity investments are directed toward Europe by Steadfast Capital. | steadfastcapital.de | Frankfurt Am Main, Germany | ||
Enterprise startups are accelerated via a 6-month program. | alchemistaccelerator.com | San Francisco, United States | ||
Platform that provides data analysis and management solutions | 2003 | palantir.com | Denver, United States | |
iPad-based PoS system. | 2010 | lavu.com | Albuquerque, United States |
Investor details for Sourcery
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 Sourcery
1 people are tracked at Sourcery (1 in team).
| Name | Role | Group |
|---|---|---|
Randall Reeves | Advisor | Team |
Complete people profiles for Sourcery
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Sourcery
4 dated milestones of Sourcery across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Sourcery is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $5.0M.
- Exit Acquired by Lavu iPad PoS.
Competitors of Sourcery
Sourcery has 3 listed competitors in our database, 3 of them funded. They include Bill.com, AvidXchange and Zip.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bill.com | 2006 | Palo Alto, United States | $325.6M | 1,384 | Cloud-based accounts payable and receivable software for businesses | |
| avidxchange.com | 2000 | Charlotte, United States | $1.18B | 1,714 | Accounts payable and payment automation solutions are offered for businesses. | |
| ziphq.com | 2020 | San Francisco, United States | $358.15M | 218 | Cloud-based purchase approval management software is provided for businesses. |
Detailed competitors of Sourcery
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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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Sourcery (Finance & Accounting Applications) in United States, 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 | 3,108 | |
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 |
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Related news about Sourcery
Complete news archive for Sourcery
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Frequently Asked Questions about Sourcery
Sourcery was founded in 2012.
Sourcery is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Sourcery is a funded company, having raised a total of $7.5M across 3 funding rounds to date.
Sourcery was founded in 2012 and is headquartered in San Francisco, United States. Operations focus on the fintech sector, where software tools are developed to automate accounts payable processes. Services include invoice management, payment processing, and workflow optimization for businesses. The companys domain, getsourcery.com, supports these digital solutions aimed at streamlining financial operations across various industries.
Sourcery's top competitors include Bill.com, AvidXchange and Zip.
Sourcery offers iPad POS System, Payment Processing, Online Ordering, Kitchen Display System, and Payroll Integration.
Sourcery has 5 investors. Key investors include Palantir, Lavu iPad PoS, Marker LLC, Steadfast Capital, and Alchemist Accelerator.
Sourcery operates through Lavu Inc..
Yes. Sourcery was acquired by Lavu iPad PoS in August 2019.