Leverage – a leading platform for end-to-end supply chain visibility – recently announced a $7 million investment of growth capital led by Chicago Ventures, with participation from Las Olas Venture Capital, Remarkable Ventures, Tensility, and Florida Funders.
The company’s software platform combines modern technology and AI to give its customers unparalleled visibility and insights into their supply chains—from supplier status updates to shipment ETAs. Integrations with existing systems allow customers to quickly simplify operations, allowing real-time status visibility and automating purchase order visibility.
The pandemic has rapidly evolved trade policies and geopolitical tensions have fundamentally changed global supply chains. Due to ongoing challenges related to labor shortages, shipping container shortages, and port congestion, businesses are saddled with ongoing pressure to mitigate risk and build resilience in their supply chains.
Last year, Leverage managed over half a billion USD in purchase order spend and saved customers over 50% of their weekly time, delivering an average of 12X ROI. And Leverage tackles inefficiencies of old-guard systems where supply chain teams are tasked with utilizing disparate systems, including emails, PDFs, and spreadsheets, to track purchase orders. These professionals spend an average of 50% to 80% of their time chasing status updates. The company transforms these outdated systems, granting customers time to streamline workflow and drive ROI.
“We’re creating sustainable long-term technical solutions to solve supply chain logistics on a global scale. The additional capital allows us to continue to invest in engineering at a time when supply chain operations require radical and urgent modernization. We will continue to accelerate our product development—leveraging data analytics and machine learning to support our continuous, fast-growing customer base of some of the largest companies in the world.”
— Leverage Co-Founder Nadav Ullman
“Global manufacturers are faced with increasingly dynamic supply chains which legacy toolkits are ill-equipped to manage. Leverage fills this gap, giving customers the speed, flexibility and intelligence they need to run efficient operations. We’re delighted to help the team extend their efforts.”
— Chicago Ventures Partner Peter Christman