Keelvar Raises $24M in Series B Funding

Keelvar, a Cork, Ireland-based global provider of intelligent sourcing and automation solutions, raised $24m in Series B funding.

The round, which brings total capital raised to $43m, was led by 83North with participation from Elephant, Mosaic and Paua, as well as Bastian Nomichacher, the co-founder and co-CEO of Celonis.

The company intends to use the funds to further scale in the United States and expand its business reach.

Led by Alan Holland, founder and CEO, Keelvar provides a SaaS-based intelligent sourcing and automation platform that enables enterprises such as Coca-Cola, Nestle, Samsung and Tesco to identify reliable suppliers, control costs and make smart sourcing decisions that drive key business objectives, like ESG, product innovation, profitability and resilience. The technology automates the tactical aspects of managing a sourcing event and leverages artificial intelligence to weigh various sourcing scenarios and guide customers to the best decision for their supply chains.