About SupplyShift
SupplyShift is a company based in Santa Cruz (United States) founded in 2012 was acquired by Sphera Solutions in January 2024.. SupplyShift has raised $23.12 million across 5 funding rounds from investors including HSBC, Sphera Solutions and Buoyant Ventures. The company has 40 employees as of December 31, 2022. SupplyShift offers products and services including SpheraCloud, Supply Chain Sustainability, and Product Stewardship Software. SupplyShift operates in a competitive market with competitors including EcoVadis, Assent, QIMA, Source Intelligence and Everysens, among others.
- Headquarter Santa Cruz, United States
- Employees 40 as on 31 Dec, 2022
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.12 M (USD)
in 5 rounds
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Latest Funding Round
$10 M (USD), Series B
Dec 02, 2021
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Investors
HSBC
& 10 more
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Employee Count
40
as on Dec 31, 2022
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Acquired by
Sphera Solutions
(Jan 09, 2024)
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Products & Services of SupplyShift
SupplyShift offers a comprehensive portfolio of products and services, including SpheraCloud, Supply Chain Sustainability, and Product Stewardship Software. 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.
Platform for streamlining environmental and safety compliance
Tools for ESG risk assessment and supplier engagement
Software for managing chemical and product compliance
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Software Development Team
75 people
Leadership Team
52 people
Product Management Team
27 people
Sales and Marketing
25 people
Senior Team
17 people
Human Resources and Administration
10 people
Strategic Team
10 people
Finance and Accounting
9 people
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Funding Insights of SupplyShift
SupplyShift has successfully raised a total of $23.12M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in December 2021. 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 5
- Last Round Series B — $10.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - SupplyShift | Valuation | Buoyant Ventures | |
| Jul, 2020 | Amount | Series A - SupplyShift | Valuation |
investors |
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| Nov, 2018 | Amount | Series A - SupplyShift | Valuation | TENFORE |
| 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 SupplyShift
SupplyShift has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include HSBC, Sphera Solutions and Buoyant 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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Buoyant Ventures is focused on investing in digital climate solutions.
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Founded Year | Domain | Location | |
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Venture capital is provided to economic, sustainability, and health sectors.
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Founded Year | Domain | Location | |
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Early-stage investments are provided in B2B data-driven platforms.
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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 SupplyShift
| 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 - SupplyShift
| 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 |
Supplyshift Comparisons
Competitors of SupplyShift
SupplyShift 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 EcoVadis, Assent, QIMA, Source Intelligence and Everysens, 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 |
Sustainability ratings for supply chains are provided via SaaS platform.
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| domain | founded_year | HQ Location |
Provider of web-based supply chain sustainability & compliance management solutions
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| domain | founded_year | HQ Location |
An app-based platform is provided for supplier compliance and audits.
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| domain | founded_year | HQ Location |
Compliance and ESG management software is provided for supply chains.
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| domain | founded_year | HQ Location |
Cloud-based platform for asset and cargo tracking is utilized.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Supplyshift
Frequently Asked Questions about SupplyShift
When was SupplyShift founded?
SupplyShift was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is SupplyShift located?
SupplyShift is headquartered in Santa Cruz, United States. It is registered at Santa Cruz, California, United States.
Is SupplyShift a funded company?
SupplyShift is a funded company, having raised a total of $23.12M across 5 funding rounds to date.
How many employees does SupplyShift have?
As of Dec 31, 2022, the latest employee count at SupplyShift is 40.
What does SupplyShift do?
SupplyShift was founded in 2012 in Santa Cruz, United States, within the supply chain management sector. A cloud-based platform is provided to integrate supplier performance data, addressing risks, efficiency, and sustainability. Interactive metrics are utilized to foster supplier engagement and performance competition. Operations involve companies paying to enroll their suppliers, enabling shared value creation across the network.
Who are the top competitors of SupplyShift?
What products or services does SupplyShift offer?
SupplyShift offers SpheraCloud, Supply Chain Sustainability, and Product Stewardship Software.
Who are SupplyShift's investors?
SupplyShift has 11 investors. Key investors include HSBC, Sphera Solutions, Buoyant Ventures, Impact Engine, and ValueStream Ventures.
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