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Anvyl Lands $15 Million in Oversubscribed Series B

Published February 19, 2022
Published February 19, 2022
Mika Baumeister via Unsplash

Anvyl, the leading platform for supplier relationship management from order to delivery, has raised over $15MM in an oversubscribed Series B funding round.

WHO: Anvyl is a SaaS-based Supplier Relationship Management Platform that unifies and streamlines supply chain communication and processes, centralizing data, automating processes, and delivering real-time production analytics from order to delivery. Anvyl's platform delivers transparency across the supply chain, surfaces key production insights for users, and provides predictive analytics to improve operational efficiency.

WHY: With this funding round, Anvyl is actively hiring to double its team to include software engineers, designers, and product managers. Anvyl will continue to scale out its one-of-a-kind machine learning and AI capabilities to help brands see around the corner and prevent issues across their global supply chain.

IN THEIR OWN WORDS: "Lack of predictability and transparency in the global supply chain—and brands' inability to proactively manage related challenges—has led news cycles for the last year and affected virtually every brand and consumer around the world, on a daily basis. Anvyl provides a solution that integrates brands and suppliers' end-to-end operational processes, helping our customers navigate and manage their supply chain with unprecedented clarity and effectiveness," said Rodney Manzo, CEO and founder at Anvyl. "We are solving the supply chain disruptions that have caused so much frustration and inefficiency. Anvyl has more than doubled its revenues in the last year by enabling scaling brands, suppliers, and ecommerce providers to realize their business goals by improving their ability to deliver goods and services where, when and how they should be, ultimately improving consumers' lives."

"Anvyl's success in capitalizing on the $20+ billion supply chain software industry reflects brands' increasing understanding of how critical it is to have visibility into, predict, and act on positive—and adverse—supply chain events in unprecedented ways. I was excited to work with Anvyl given the lack of software from order to delivery of inbound goods. Anvyl's world class team and product have taken on one of the oldest and largest industries that has not yet adopted technology with an intense focus on providing the most intelligent supply chain software in the world. I look forward to what is next as they continue to grow and expand their footprint," noted Karen Page, General Partner of B Capital.

DETAILS:

  • Anvyl raised $15 million in an oversubscribed Series B funding round.
  • The round was led by B Capital, with continued participation from previous investors AlleyCorp, Company Ventures, First Round Capital, and Redpoint Ventures, and was joined by new investors Flexport, Buckley Ventures, and Jeff Raider, founder of Warby Parker and Harry's.
  • This round of funding brings the company's total funds raised to $31 million.
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