Procurement collaboration enabler SourceDay has closed a $31.5 million series C led by Norwest Venture Partners with continued participation from existing investors including ATX Ventures, Baird Capital, Draper Associates, Ring Ventures and Silverton Partners to continue its efforts in linking global manufacturers, distributors and suppliers.
According to the Austin, Texas-based company, the average purchase order (PO) has a 52% chance of changing before it is delivered by the vendor. In order...
https://www.freightwaves.com/news/sourceday-secures-315m-to-meet-todays-procurement-challenges