4 June, Ireland - Cork-based Keelvar, an industry-leading strategic sourcing software company, has announced that it has raised $18 million in Series A funding led by Elephant and Mosaic Ventures with participation from Paua Ventures.
Keelvar, an Irish provider of AI-powered sourcing software, has secured €16 million in a round co-led by Elephant Partners and Mosaic Ventures. Paua Ventures also participated in the transaction.
US-based venture capital firm Elephant and London-based peer Mosaic Ventures have led a $18m series-A round for Keelvar, a procurement software developer based in Ireland, along with participation from Paua Ventures.
A software provider that builds procurement bots for shippers on Thursday snagged $18 million in venture capital funding, a further sign that investors see the logistics industry gravitating toward more process automation.
Keelvar, a Cork-based company that uses artificial intelligence (AI) to transform how suppliers engage with large enterprises, has raised $18 million (€16m) in funding to support its expansion plans.
Cork-based Keelvar, a supply chain automation software, has raised $18 million in Series A funding led by Elephant and Mosaic Ventures with participation from Paua Ventures. The Irish company plans to expand across Europe and into the US.
After securing major funding, Keelvar is set to expand its AI supply chain software in the US and Europe from its base in Cork.
A Cork-based company called Keelvar has raised $18 million in Series A funding led by Elephant and Mosaic Ventures with participation from Paua Ventures.
Today Irish startup Keelvar, an advanced AI-driven eSourcing software for supply chains, has announced that it has raised €16 million in Series A funding led by Elephant and Mosaic Ventures, with participation from Paua Ventures.
Anna Flockett interviews Alan Holland, the founder of Keelvar. They discuss how COVID-19 has affected the supply chain, and how it has pushed Keelvar to rapidly develop and minimise lead times.
Keelvar has been chosen as a finalist at the World Procurement Awards 2020, in the Procurement Technology category.
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