Sourcery

https://getsourcery.com/

The Alchemist Accelerator // Class II starting 2013-01-01

Exited

Key notes: Digital payments for the $220B wholesale food industry

Office address: San Francisco, California, United States

Description: Sourcery is developing a payments and commerce platform that focuses on the wholesale foodservice industry, a $220B market that still runs on 1980s technology: buyers search for products in paper catalogs, submit orders by fax or phone, and deal with paper invoices and checks. Sourcery's platform brings all of these transactions online. Sourcery enables companies of all sizes to handle their AP needs in one place. We turn a stack of invoices into a boatload of insights automagically. We work with leading restaurateurs, operators and accountants to build the best accounts payable solution for the industry. Owners and executives of multi-unit restaurant organizations rely on Sourcery to provide a scalable solution to help them create efficiencies, and, ultimately, grow their business, while impacting their bottom line. Sourcery integrates with most accounting software and restaurant management applications. We use a combination of computation and human verification to have the best in class extraction of structured data from invoices down the the line item. Our data analytics automatically detect anomalies and notify purchasers about rising prices. Customers include Palantir, Dropbox, Airbnb, Stripe as well as restaurants, caterers, and other food businesses. Call toll free on +1-(866)830-0691

View details on Crunchbase:

https://www.crunchbase.com/organization/sourcery

$ 11,500,000 over 7 funding rounds.

Seed-DB Exit data:

Angellist Page:

https://angel.co/sourcery

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Funding Rounds

Date	Name	$ Invested	Crunchbase link
2018-05-13	None	$ 5,000,000	Detailed data
2013-11-30	None	$ 2,500,000	Detailed data
2015-01-29	None	$ 3,000,000	Detailed data
2016-05-06	None	$ 1,000,000	Detailed data
2012-08-20	None		Detailed data
2013-04-10	None		Detailed data
2012-09-20	None		Detailed data

Investors

Round Date	Round Name	Investor	Crunchbase Link