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Published
Jul 16, 2019
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Sustainable sourcing platform SupplyCompass receives £1.5m funding

Published
Jul 16, 2019

SupplyCompass, a UK-based design-to-delivery sourcing platform for fashion and homeware brands, has secured £1.5 million in seed funding from a group of investors led by early-stage venture capital company Episode 1. 



Mumbai and London-based Unicorn Ascension, Ascension Ventures and Andy Chung and Philipp Moehring from AngelList also participated in the round.

SupplyCompass said the investment will help it move closer to its goal of becoming the leading sourcing software for fashion and interior businesses of the future. With offices in London and Mumbai, the company describes itself as “ a part-vetted manufacturer network and part-production management tool”, combining its supply chain partnerships with a cloud-based platform technology and team of production experts to make sustainable sourcing and ongoing manufacturing management easier and more efficient.

“Current sourcing methods aren’t fit for brands of the future; they're offline, inefficient and fragmented. Technology is needed for global supply chains to progress and become faster, more efficient and more sustainable. At SupplyCompass we see the key to success lying in rethinking existing sourcing methods, with better collaboration, innovation and technology at the core,” Gus Bartholomew, SupplyCompass CEO & co-founder, said.

The funds raised will be used to further develop the company’s software and add more international manufacturers to the platform. Its list currently includes 50 well-established factory partners in India, Sri Lanka, Nepal, Portugal, Spain and Italy. 

Adrian Lloyd, Episode 1 partner, commented: “The SupplyCompass team is exceptionally knowledgeable about the fashion supply chain and all evidence suggests they are execution machines. We are extremely excited to fund their growth and technology development which we believe will help them develop into a very large and famous company whilst increasing the sustainability of a currently unsustainable industry.”

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