Stimulusa Philadelphia, PA-based relationship intelligence (SaaS) startup has raised $2.5 million in seed funding.
The round was led by Black Ops VC, with participation from Genius Guild, Morgan Stanley, Northwestern Mutual Future Ventures, REFASHIOND Ventures, Bronze Valley, The BFM Fund, Plain Sight Capital, Penn Medicine – Wharton Fund for Health.
The company intends to use the funds to expand the Stimulus platform, hiring in three areas: engineering, data and sales; and expanding partnerships with companies that share the common goal of building relationships with their suppliers and diversifying their supply chain.
Led by CEO Tiffanie Stanard, Stimulus provides the relationship intelligence platform that combines data insights, relationship building tools, and proprietary scoring to help businesses make the best sourcing, marketing and marketing decisions. sourcing and purchasing, while optimizing and developing their supplier ecosystems. The Stimulus Score evaluates suppliers to provide an objective view of performance, which provides a 360-degree view for buyers to better interact with current or future suppliers.
The product can work in all industries, but has gained traction in healthcare, education, and professional services.
EndSME
08/12/2022
This is where Stimulus comes in.
The platform provides visibility for procurement and sourcing teams to analyze supplier data and display actionable insights, helping companies build honest and transparent relationships that lead to better business results. . The goal is not just to save money or streamline the supply chain, but to meet business objectives, including location-based and DEI criteria, by easily comparing suppliers to using relevant metrics and data points, and quickly matching them to available contract opportunities.
“We are delighted that Genius Guild Greenhouse Fund’s has invested in Stimulus. At a time when attention to corporate social responsibility is at an all-time high and supply chain issues are constantly in the headlines, the conditions are ripe to find a solution to the complex management relationships between suppliers and suppliers. Kathryn Finney, Managing Partner, Genius Guild Greenhouse Fund.
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