Digital payments for the $220B wholesale food industry
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
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 |
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 |