SupplyShift, a Santa Cruz, Calif.-based supplier management, responsible sourcing, and supplier engagement platform, secured a Series A round of funding.
The amount of the deal was not disclosed.
The round was led by Tenfore with participation from Working Capital, an investment fund of Humanity United, Blackhorn Ventures, Bowery Capital, and Supply Chain Ventures.
The company intends to use the funds to expand commercial operations, with a specific investment in customer success, to extend the capabilities of the SupplyShift control center, from supplier onboarding to daily supplier engagement, and to grow into new geographies and commodity markets.
Led by Alex Gershenson, co-founder and CEO, SupplyShift provides a a SaaS-based solution for companies to capture data from all tiers of their supply chain, integrate that with other supplier data, and synthesize that information into actionable intelligence that informs supplier decisions.