Sourcery Technologies

company

About

Digital payments for the $220B wholesale food industry

Details

Last Funding Type
Seed
Last Funding Money Raised
$2.50M
Industries
Analytics,B2B,E-Commerce,E-Commerce Platforms,Financial Services,FinTech,Food and Beverage,Payments,Restaurants,Wholesale
Founded date
Jan 1, 2012
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
Sourcery Technologies, Inc.
Also Known As
Sourcery

Sourcery is developing a payments and commerce platform that focuses on the wholesale foodservice industry, a $220B market that still runs on 1980s technology: buyers search for products in paper catalogs, submit orders by fax or phone, and deal with paper invoices and checks. Sourcery's platform brings all of these transactions online.

Sourcery enables companies of all sizes to handle their AP needs in one place. We turn a stack of invoices into a boatload of insights automagically. We work with leading restaurateurs, operators and accountants to build the best accounts payable solution for the industry. Owners and executives of multi-unit restaurant organizations rely on Sourcery to provide a scalable solution to help them create efficiencies, and, ultimately, grow their business, while impacting their bottom line. Sourcery integrates with most accounting software and restaurant management applications.

We use a combination of computation and human verification to have the best in class extraction of structured data from invoices down the the line item. Our data analytics automatically detect anomalies and notify purchasers about rising prices.

Customers include Palantir, Dropbox, Airbnb, Stripe as well as restaurants, caterers, and other food businesses.

Call toll free on +1-(866)830-0691

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$11.50M
Sourcery Technologies has raised a total of $11.50M in funding over 2 rounds. Their latest funding was raised on May 13, 2018 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 13, 2018 Series Unknown $5M 3 Marker Detail
May 6, 2016 Series Unknown $1M 2 Marker Detail
Jan 29, 2015 Seed $3M 5 Marker Detail
Nov 30, 2013 Seed $2.50M 11 Detail
Apr 10, 2013 Seed 1 Detail

Investors

Number of Lead Investors
Number of Investors
3
19
Sourcery Technologies is funded by 19 investors. Marker and Palantir Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Marker Yes Series Unknown
Palantir Capital Series Unknown
Steadfast Capital Management Series Unknown
FJ Labs Seed
FundersClub Seed
Rubicon Venture Capital Seed
Streamlined Ventures Seed
Alchemist Accelerator Seed
Adam Pisoni Seed
Andrew McCormack Seed

Employee Profiles

Number of Employee Profiles
1
Sourcery Technologies has 1 current employee profiles, including Board member Lluis Pedragosa
Board member