SupplyPike has raised $25M in Series B capital to add fuel to our exponential growth. That means Noro-Moseley and Frontier Growth will join our board alongside our existing Series A investors at Blumberg Capital.

Raising a capital round in today's high-stakes financial climate speaks to SupplyPike's team, our software, and the value we bring to our customers.

We know there is much more we can do to help consumer brands grow top-line revenue and prevent leakages from their bottom line—something they desperately need in today's landscape.

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Why Now?

SupplyPike has successful products, 350+ customers, and over a hundred employees across the United States. But, our mission has not changed since our humble beginnings in 2018—to empower consumer brands to win at retail.

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Supply Chain Woes

Brands need help more than ever. We've witnessed so many disruptive black swan events in the last few years that a distressed supply chain is now the norm. The pandemic has caused consumer demand to become volatile and unpredictable. This abrupt shift in demand has left the supply chain in disarray with clogged ports, insufficient containers, expensive freight, and rampant out-of-stocks.

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Retailer Woes

The story gets worse. The competition between retailers is reaching a fever pitch. To compete, these retailers have imposed strict compliance rules on their brands. Regulations around packaging, timeliness, labeling, promotions, pricing, shortages, overages, and damages are more prevalent than ever.

It's clear to see that the odds are against suppliers. So, it's no surprise that over 80% of new brands fail. Their top-line revenue erodes due to out-of-stock products, and they are hemorrhaging bottom-line revenue to compliance fines and deductions.

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Why SupplyPike?

Fundamentally, what does a brand want? They want to build great products and get paid fairly for the value they bring to their customers. Everything else is ancillary. SupplyPike is here to help with the 'everything else.'

Unemployment is at a record low. Recently, it's been difficult for brands to hire experts to help them build and scale their businesses. Our AI-powered software provides domain expertise in a box. They now don't have to hire someone with industry knowledge for each retailer or waste their time on tedious, repetitive tasks.

SupplyPike's suite of apps strives for utility, simplicity, and delight. Our design principle is to bring a magical experience to the dreary enterprise software and supply chain world. We don't believe in lengthy onboarding, expensive integrations, and tedious training.

Instead, we believe in intelligent apps that already capture intricate inner workings between warehouses, carriers, retailers, 3PLs, and freight forwarders baked right into the software. We want to free up brands to focus on doing what they do best—building great products.

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What's Next?

Doubling Headcount

SupplyPike has always been a company obsessively focused on culture. We've won numerous awards for best places to work locally and nationally. With this capital raise, we are looking to further up the ante!

We are scaling up rapidly and adding 60+ high-tech jobs in Northwest Arkansas within a year. We are proud to call Northwest Arkansas home—it's no surprise that our region is known as one of the best places to live in the United States. We hope to fuel the growth by attracting top-quality talent to the area. These jobs will span research, engineering, product, sales, design, marketing, and customer success.

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Fueling Product Innovation

SupplyPike will help brands ensure production occurs at the right time so products are available at the necessary locations in the requested quantity—which means products are available exactly when the consumers want to buy them. SupplyPike will also close the loop and ensure the brands are paid fairly and in full for the goods they sell.

Our raison d'être is to help consumer brands win at retail. Thanks to our work so far, SupplyPike's products have helped orchestrate $25B+ in retail sales and have mitigated over half a billion dollars in retail inefficiencies.

And we are just getting started.

We are so proud of our entire SupplyPike team, and we want to sincerely thank our customers and community for helping us get to where we are today!

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About SupplyPike

SupplyPike is a leading SaaS solution empowering retail suppliers to fight deductions, maximize cash flow, and increase productivity. Our advanced automation and industry expertise have recovered over $680 million for our clients—by simplifying the dispute process and preventing deductions, SupplyPike helps suppliers get paid and get better.