Crunchbase News: Supply Chain Funding Continues to Grow after Record Year

Feb 16, 2022

(Image Source: Pexels )

Supply chain disruptions have dominated headlines for quite some time, alongside funding news by tech companies seeking to find solutions. 2021, in particular, was a notable year on the financing front, with supply chain management firms securing $11.3 billion in funding — a nearly twofold increase from the year before.

Supply Chain Management Funding

(Image Source: Crunchbase News)

According to experts, the numbers not only illustrate the lasting impact of the pandemic but  also the acceptance of technology in a field previously dominated by pen, paper and spreadsheets.“I think in the last five years, the industry realized they were going to get left behind if they didn’t make the change,” said Rudina Seseri, Founder and Managing Partner of Glasswing Ventures.

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While the investments received last year were indeed impressive, the deal count was still below that of 2019. In other words, the “big deals” were the ones contributing to the total dollar amounts. For starters, a whopping 9 startups raised quarter-billion-dollar rounds last year, as compared to just 5 back in 2020. Looking at the handful of large deals that have already been announced in 2022, the supply chain sector shows no signs of slowing down anytime soon.

The pandemic has indeed changed many things, for better or for worse. On one hand, it created a thirst for SaaS solutions and on the other, it also meant that “good enough” is no longer good enough. There is more pressure than ever for venture-backed companies to prove that their products fit the needs of the market. Supply chain has all along been treated as a cost, but more and more organizations are now realizing its true potential, all in the presence of the right materials and suitable technologies.

Source: After Record Year, Supply Chain Funding Shows No Signs of Breaking Down

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