SourceDay in the News

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The Weekly Notable Startup Funding Report: 4/13/20

The Weekly Notable Startup Funding Report takes on a trip across various ecosystems in the US, highlighting some of the notable funding activity.

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In the money April 13: 7 companies rake in new funding

SourceDay is recognized in this weekly feature as an Austin startup bringing in fresh cash. 

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SourceDay Raises $12.5M in Series B Funding

SourceDay, an Austin, TX-based supplier collaboration engine of the direct spend industry, closed a $12.5m Series B round of funding.

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Baird leads $12.5M investment round for company that helps manufacturers manage coronavirus

Last week, Baird Capital closed on $215 million for its fifth venture capital fund.

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Investors flock to coronavirus solutions like SourceDay, which has a fresh $12.5M

Some companies are still able to find funding as the economy comes to a near standstill during the COVID-19 pandemic. SourceDay has collected more than $23 million since it was founded in 2013.

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Afternoon Coffee: SourceDay raises $12.5 million; Amazon Shipping to stop third-party deliveries; U.S. dairy farmers dumping milk

SourceDay, a provider of supplier collaboration solutions that focus on direct spend, will use its Series B funding to mitigate supply chain risk during the COVID-19 pandemic and prepare customers for the eventual market rebound.

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SourceDay Closes $12.5 Million Series B Funding Round Following Record-Breaking Year

SourceDay, a leading supplier collaboration engine of the direct spend industry, and one of Austin’s fastest-growing companies, today announced it has closed a $12.5 million Series B round of funding.

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SourceDay Lands $12.5m Series B

Austin-based SourceDay, a supplier collaboration engine of the direct spend industry, has secured $12.5m in Series B funding.

The Top Austin Tech and Startup Hires (and Departures) of May 2019

SourceDay Raises $12.5M to Help with Supply Chain Challenges

SourceDay announces $12.5 million in series B funding to develop its software that automates purchasing for manufacturers and distributors.

Tech roundup: Aceable scores $47M for major expansion, a big week for acquisitions, and more

Get to Know 9 Tech Companies Hiring in Austin

SourceDay has doubled in size every year for the last three years, with no plans to slow down.

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Austin Chamber Announces Austin Gives Generous Business Awards Honorees

SourceDay announced as Austin Chamber Generous Business Awards honoree.

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Software Startup Relocates HQ, Preps for New Funding Amid Rapid Growth 

Austin software startup SourceDay has doubled its headcount to more than 50 in the past year and just relocated to a new office in Northwest Austin.

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The Hard-Dollar Value Of Buyer-Supplier Collaboration

SourceDay Founder and CEO Tom Kieley explains why buyer-supplier connectivity — in real-time — is essential for the entire direct spend and procurement process, from sourcing through to payment and beyond.

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SourceDay Direct Spend Solution to Offer RFQ, PO and Accounts Payable Collaboration

SourceDay announces two additions to their cloud solution with the release of their Request for Quote and Accounts Payable Collaboration products. 

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Software Startup That’s Raised $10M Remakes C-Suite

SourceDay announces several new C-Suite hires.

The Top Austin Tech and Startup Hires (and Departures) of May 2019

Making Moves – SourceDay’s New CCO

SourceDay appoints Jim Hilbert as its chief customer officer and Peter Feldman as its chief technology officer and Josh Tong as VP of product.

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SourceDay Broadens Its Cloud Direct Spend Management Platform

Learn why the addition of RFQ and AP Automation to SourceDay’s collaboration engine makes the spend management solution even more competitive in the market.

FORTUNE Analytics: Management Insiders Forecast a 2020 Recession

Management Insiders Forecast a 2020 Recession

SourceDay ran an exclusive analysis for Fortune to measure the total amount spent on purchase orders across more than 15,000 manufacturers and suppliers.

SourceDay: There's no crying in supply chain management

SourceDay Unlocking the Potential of the Buyer-Supplier Ecosystem

Tom Kieley, co-founder and CEO of SourceDay, discusses how his company provides visibility, and trust, in their ERPs, unlocking the power of the modern supply chain ecosystem.

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SourceDay Offers Up Two New Packages

SourceDay announces the addition of two new modules to its supplier collaboration engine, Request for Quote (RFQ) Collaboration and a solution for Accounts Payable Collaboration (APC).

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Afternoon Coffee: SourceDay beefs up RFQ, AP Automation offerings; Does ‘Mayor Pete’ have procurement chops?

Spend Matters analysts Nick Heinzmann and Pierre Mitchell discuss the developing direct sourcing technology market, with Sourceday in the spotlight.

Austin’s A-List: Chamber Singles Out ‘Most Innovative’ Startups

SourceDay is honored to join the Austin A-List of most innovative startups.

SpendMatters

How ‘First-Mile’ Flaws Hinder Last-Mile Success

Learn why some of the issues faced in the first mile of your supply chain can ripple across all phases of your business.

Small Change, Big Effects: An Overview of Payment Systems

The payment industry is undergoing a huge transformation, with several new technologies, including SourceDay’s AP Solution, promising better efficiency.

SourceDay Spreading Its Direct Sourcing Feelers Out

SourceDay Spreading Its Direct Sourcing Feelers Out

SourceDay offers a Software-as-a-Service solution that automates the management of purchase orders, RFQs, and accounts payable for global supply chains.

SourceDay: There's no crying in supply chain management

SourceDay: Unlocking the Potential of the Buyer-Supplier Ecosystem

Tom Kieley, co-founder and CEO of SourceDay, discusses the ways in which his company provides its customers with visibility, and therefore trust, in their ERPs, allowing them to unlock the power of the modern supply chain ecosystem. See the full feature in Supply Chain Digital.

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Innovate Austin

SourceDay was featured in Innovate Austin. A 300-page in-depth study and AR video series that showcases of all the people, companies, products, and services that are leading the race within Austin’s innovation and entrepreneurial ecosystem.

28 supply chain professionals share the biggest challenges of supply chain management

28 Supply Chain Professionals Share the Biggest Challenges of Supply Chain Management

Tom Kieley, CEO of SourceDay, weighs in on the biggest problems plaguing supply chain management today.

Hackett Group: Procurement Transformation Cuts Costs by 45%

Tom Kieley, CEO of SourceDay, speaks on how the digital transformation of procurement is changing the industry’s job market.

SourceDay Achieves ‘Built for NetSuite’ Status

SuiteApp allows NetSuite users to digitize their supply chains and now meets all NetSuite standards and best practices.

SourceDay Shines Light on New ERP Integration Status

SourceDay is celebrating its approval as a built for Oracle NetSuite hybrid SuiteApp. The direct spend procurement and purchase order management solution integrates to a wider range of ERP products

3 Tips to Improve the ‘first mile’ of Your Supply Chain

Tom Kieley, CEO of SourceDay, joins Spend Matters for a Q&A on how to improve supply chain efficiency.

SourceDay: There's no crying in supply chain management

SourceDay: There’s No Crying in Supply Chain Management

Tom Kieley, CEO at SourceDay, writes on how cloud-based supply chain management platforms offer a number of solutions and are changing the landscape of the supply chain industry.

Increase Supply Chain Productivity by Streamlining Your First Mile

SourceDay’s CEO, Tom Kieley, speaks about the “path to productivity” and how SourceDay helps make every link in a supply chain faster and more efficient.

The Top Austin Tech and Startup Hires (and Departures) of May 2019

The Top Austin Tech and Startup Hires (and Departures) of May 2019

SourceDay welcomes former Spredfast VP of Brand and Revenue Marketing, Sarah Moore, alongside former NSS labs and Ping Identity exec Emeka Obinwu as its new CMO and SVP of Alliances and Channel, respectively.

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SourceDay’s Supplier Collaboration Platform Achieves ‘Built for NetSuite’ Status

SourceDay, a leader in direct procurement automation and supplier collaboration, announced today that the SourceDay SuiteApp has achieved “Built for NetSuite” status.

Business-driven Security May Help Channel Unlock Innovation

Channel partners can expect to see business-driven security become a key theme and more news from the week – including SourceDay’s newly appointed Executives.

24 Companies Named to the 2019 Austin A-List of Hottest Companies

SourceDay is honored to join the Greater Austin Chamber of Commerce and celebrate being named one of Austin’s hottest startups at the A-List Awards.

‘7 Minutes’ with SourceDay SVP Alliances and Channel Emeka Obianwu

Read the full Q&A session between Channel Partners and SourceDay Executive, Emeka Obianwu.

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24 Leading Austin Companies Honored by Chamber

SourceDay among the twenty-four companies honored for their innovation and business success at the Austin Chamber of Commerce’s A-List Awards on May 23.

The Top Austin Tech and Startup Hires (and Departures) of May 2019

The Beat: Powered by Austin Inno — Making Moves

SourceDay, a local supply chain automation startup, added former Spredfast VP of Brand and Revenue Marketing Sarah Moore as its new CMO and ormer NSS Labs and Ping Identity exec Emeka Obinwu as its SVP of alliances and channel.

SourceDay Sets Sights on Channel Build-Out

SourceDay makes the first channel hire on heels of dramatic recurring revenue growth.

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Afternoon Coffee: U.S. Electric Vehicle Supply Chain’s Hurdles; Fraxion’s Spend Management Solution Launch

Supply chain SaaS solution provider SourceDay announced it had added two seasoned executives to its leadership team, one of them from Spredfast.

Business experts discuss the future of finance & accounting

Business Experts Discuss the Future of Finance & Accounting

Tom Kieley, SourceDay CEO discusses disruption and what’s on the horizon with finance experts.

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SourceDay: Vendor Introduction, Analysis and SWOT [PRO]

Manufacturers today are slowly seeing an expanding set of purchasing tools beyond ERP and MRP alone. SourceDay takes on many of the problems that procurement organizations find in managing direct materials spend.

The 20 Coolest Cloud Software Vendors of the 2019 Cloud 100

Check out 20 cloud software companies, including SourceDay, whose cloud software has caught our attention.

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An Interview with Entrepreneur Tom Kieley

In an exclusive interview with Devathon, SourceDay co-founder and CEO Tom Kieley traces his journey so far and his plans for the years ahead.

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Direct Materials Procurement – Does Europe Have A Market That North America Doesn’t?

Procurement industry expert and Spend Matters founder, Jason Busch, agree that SourceDay has “succeeded in creating a distinctive European direct materials procurement solutions market that exists outside of the generic source-to-pay realm.”

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ATX Seed Ventures Closes $32M Second Fund, Aims to Raise $100M in Third for More Tech Investments

An investment firm that’s been highly active in recent weeks just disclosed how much money it’s working with.

Afternoon Coffee: AT&T-Time Warner Deal Wins Appeal vs. Trump Justice Dept.; Tipalti Adds Foreign Currency Exchange Solution

Procurement software provider SourceDay on Tuesday detailed how it is growing: adding two board members and reporting 230% revenue growth year over year, as well as adding customers and staff.

ATX Seed Ventures Plans to Raise its Third Venture Fund

ATX Seed Ventures Plans to Raise its Third Venture Fund

With Sourceday, AlertMedia, LIFT Aircraft and others in their portfolio, ATX Seed Ventures plans to announce its third fund this year.

Is Direct Materials Procurement a Separate Technology Market in North America? (Part 1: Introducing a Decision Framework)

SourceDay may be selling to an entirely new direct materials procurement solutions market.

How to Have a Smarter VC Strategy

How to Have a Smarter VC Strategy

SourceDay CEO, Tom Kieley weighs in on four tips for startups on their journey towards Series A funding.

Beyond the technical: The Traits That Help Engineers at 5 Austin Companies Succeed

Beyond the technical: The Traits That Help Engineers at 5 Austin Companies Succeed

SourceDay looks for individuals who have the aptitude for decomposing a problem to find a true solution.

SourceDay Delivers A SaaS Platform That Automates Direct Procurement

SourceDay Delivers A SaaS Platform That Automates Direct Procurement

See the full Q&A with Tom Kieley, CEO and Co-Founder of SourceDay.

#30: Origin, Avochato & more

PD Reporter: #30: Origin, Avochato & more📍

PD Reporter curates a weekly selection of exclusive interviews with early-stage founders and VC firms. Learn more about SourceDay in this interview on the recent funding announcement.

Tech roundup: Aceable scores $47M for major expansion, a big week for acquisitions, and more

Austin Tech Wraps up 2018 With Almost $80M in New Capital Raised in December

Austin tech tapped off 2018 with nearly $80 million in new capital throughout December. Thirteen companies, including SourceDay, benefited from fresh funding, with the average deal size coming in at just under $6 million. 

SourceDay Gets $6.5 Million Investment for Its Direct Spend Solution

Spend Matters: SourceDay Gets $6.5 Million Investment for Its Direct Spend Solution

Procurement software provider SourceDay on Wednesday announced it has received $6.5 million in Series A funding from three capital venture firms.

Tom Kieley, SourceDay CEO and Co-Founder

SourceDay Gets $6.5 Million in Funding and Plans to Double in Size in Austin

SourceDay has 100 enterprise companies as customers and more than 3,000 suppliers in seven countries on its platform and it’s growing.

Austin Software Maker SourceDay Raises $6.5 Million for Growth

Austin software company SourceDay, which helps manufacturing companies automate the order fulfillment process, said Wednesday that it has raised $6.5 million from investment firms Silverton Partners, Draper Associates and ATX Seed Ventures.

The Top Austin Tech and Startup Hires (and Departures) of May 2019

The Beat: Powered by Austin Inno — New Money

SourceDay, launched in 2015, plans to channel Series A funding to new sales and marketing efforts. It has now raised $10.8M total.

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SourceDay Secures $6.5 Million Series A Financing from Leading Venture Firms

“SourceDay’s software is well-timed with the rapidly increasing demand for solutions that digitize the supply chain,” said Morgan Flager, General Partner with Silverton Partners.

SourceDay scores $6.5M Series A to bring on 25 new employees

SourceDay Scores $6.5M Series A to Bring on 25 New Employees

“We solve for the inefficiencies, challenges and errors that come with manual procurement processes.” – Tom Kieley, SourceDay CEO and Co-Founder

SourceDay Secures $6.5M in Series A Financing

SourceDay Secures $6.5M in Series A Financing

SourceDay, an Austin, Texas-based direct spend management automation company, completed a $6.5m in Series A financing.

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SourceDay Raises $6.5M in Series A Financing Led by Silverton

SourceDay Series A financing will be used to expand the Austin, Texas-based company’s sales and marketing efforts and develop new products. The investment brings the company’s total fundraising to $10.8 million.

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SourceDay Picks Up $6.5mln Series A

See SourceDay’s Series A mention in The PE Hub Network.

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Tech funding: App Radar, Buzzoole, Workato, SourceDay

Technology companies such as App Radar, Buzzoole, Workato, SourceDay, Looker, and others have announced their latest funding rounds.

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Draper Associates, Silverton Invest in SourceDay’s New Seven-figure Funding

SourceDay Inc. announced a $6.5 million series A round Dec. 5 and the backing of prominent investors such as Draper Associates, which has invested in Tesla Inc. and Skype, and Silverton Partners, one of the most active early-stage investor in Texas.

B2B Investors Set Sights On Data, AI, Analytics

B2B Investors Set Sights on Data, AI, Analytics

Venture capitalists and equity investors targeted companies that apply big data technologies, including artificial intelligence, to an array of use cases, including fleet and manufacturing — leading to more than $322 million raised for B2B startups this week. See SourceDay’s mention in this funding recap.

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Daily Funding Roundup – December 7th, 2018

SourceDay has raised $6.5 million in Series A funding from Silverton Partners, Draper Associates and ATX Seed Ventures.

FORTUNE: Term Sheet — Friday, December 7

FORTUNE: Term Sheet — Friday, December 7

SourceDay, an Austin, Texas-based provider of automating direct spend procurement, purchase order management and supplier collaboration solutions, raised $6.5 million in Series A funding.

How Accurate, Speedy Supplier Payments Start With The PO

How Accurate, Speedy Supplier Payments Start With The PO

Discover how SourceDay helps customers shift away from manual processes in the accounts payable space.