Supply Wisdom Closes Institutional Funding Round to Help Companies Manage Risk Amid Unprecedented Supply Chain Disruptions
Written by Supply Wisdom Team
NEW YORK – January 26, 2022 – Supply Wisdom – the leader in continuous risk intelligence and risk actions — announced today it has closed an institutional funding round led by Fulcrum Equity Partners with participation from Florida Funders. Supply Wisdom will leverage the investment to scale vertical and geographic adoption of its patented solution, which equips companies to prevent and mitigate supply chain disruptions by monitoring third-party risks in real time.
“The increasing severity and frequency of supply chain and third-party risks proves the need for continuous, full-spectrum risk monitoring,” said Atul Vashistha, Founder and CEO, Supply Wisdom. “We have experienced incredible growth throughout the pandemic as organizations acutely felt an urgent need to fundamentally change how they approach risk. This investment enables us to build on our current success and accelerate our growth. We are very excited to bring Fulcrum on board as an investor and strategic partner.”
Supply Wisdom is an AI-enabled risk management solution that is transforming the third-party and supply chain intelligence space by continuously monitoring the widest risk aperture in the market. Unlike traditional point-in-time assessments that only cover a limited scope of risks, Supply Wisdom enables enterprises to assess all risk domains within their supply chain – including financial, cyber, operations, ESG, people, location, compliance, and Nth parties – in real time.
“The best approach to preventing disruptions is real-time and continuous full-spectrum risk intelligence,” said Jim Douglass, Partner, Fulcrum Equity Partners. “The outdated models that companies have been relying on to manage their supply chain and third-party risk failed to prevent disruptions during the pandemic. We invested in Supply Wisdom because their solution leverages the latest automation and technology including AI, data science and machine learning to modernize the risk management space.”
“After leading Supply Wisdom’s seed round, we’re thrilled to participate in this follow-up alongside Fulcrum Investments,” said Tom Wallace, Managing Partner at Florida Funders. “With the global supply chain experiencing major disruptions, technologies like Supply Wisdom are vital to streamlining processes for maximum efficiency. Our experience combined with Supply Wisdom’s accelerated growth and traction has given us the full confidence in the team and the company’s next chapter.”
“I’m delighted to have Fulcrum and our previous investor Florida Funders join this round to support Supply Wisdom’s growth,” said Shelley Leibowitz, Board of Directors, Supply Wisdom. “The market opportunity is immense for supply chain insight, and we are pleased to have investors who have operating experience to continue to support our rapid expansion. We were highly impressed with Fulcrum’s success working with other GRC technology companies and the way Fulcrum approaches their portfolio investments with their commitment to getting them to the next stage.”
In 2020, Supply Wisdom was granted Patent No. 10,643,165B2 by the USPTO for its unique and innovative risk management solution. The following year, Supply Wisdom was named Third-Party Risk Product of the Year by the Risk.net 2021 Risk Technology Awards and awarded a Gold Globee® for Risk Management Solution Innovation by 2021 Golden Bridge Business and Innovation Awards. Supply Wisdom clients include Global 2000 firms in financial services, insurance, health care, life sciences, utilities, technology, and many other sectors.
To learn more about Supply Wisdom, please visit https://www.supplywisdom.com/.
About Supply Wisdom
Supply Wisdom’s patented solution is transforming the way supply chain, procurement and third-party risk leaders manage risks and operational resilience. Supply Wisdom delivers continuous third-party and location risk intelligence and risk actions in real-time across the widest risk aperture to minimize the risks of disruption facing business, supply chains and third parties. Supply Wisdom intelligence enables enterprises to prioritize, move faster, do more with less resources, and act proactively and confidently.
CONTACT: Supply Wisdom, New York
Tori Vichroski, email@example.com (media)
Sara Hauenstein, Supply Wisdom, 212-547-9481 (investors)
About Fulcrum Equity Partners
Fulcrum Equity Partners is an Atlanta-based growth equity firm that manages over $600 million and provides expansion capital to rapidly growing companies led by strong entrepreneurs and management teams. Fulcrum targets companies within healthcare services, healthcare IT, B2B software, and technology-enabled services. Fulcrum’s initial target investment is $5 million – $25 million to provide financing to meet a wide range of needs, including internal growth initiatives, acquisitions, divestitures, shareholder liquidity and recapitalizations. The partners have over 140 years of relevant experience in Fulcrum’s target markets, including significant operating experience in senior executive positions at companies that grew rapidly and enjoyed successful exits. Additionally, Fulcrum’s limited partners include over 100 current or former business owners/CEOs of leading companies in a wide variety of industries that provide a rich resource for the firm and portfolio companies. Learn more at http://www.fulcrumep.com.
About Florida Funders
Florida Funders is a hybrid between a venture capital fund and an angel investor network that discovers, funds and builds early-stage technology companies in Florida. We exist to evolve Florida from the Sunshine State to the Startup State by ensuring there is as little friction as possible in the ecosystem, that investors have access to meaningful deal flow and entrepreneurs have access to a wide range of accredited investors. Florida Funders educates and ignites its community of investors and network of partners to drive investment in the most exciting startups Florida has to offer. Our one-of-a-kind angel investor network provides transparency, fosters communication, and empowers strategic relationships between the investor network and the founders. Our team is composed of serial entrepreneurs, venture capitalists, and experienced angel investors singularly focused on uncovering Florida’s next breakout technology company. To learn more, visit www.floridafunders.com.