LightSource, a San Francisco, CA-based AI-native sourcing platform designed to streamline procurement processes, has secured $33 million in funding.
Investors
The round was led by Bain Capital Ventures and Lightspeed Venture Partners, with participation from J2 Ventures.
Bain Capital Ventures is a venture capital firm based in San Francisco, California. The firm invests in B2B software startups from seed to growth stages across four domains: Fintech, Commerce, Apps, and Infra. Founded in 1984 with over $10 billion under management, BCV has helped launch and commercialize over 400 companies.
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations in the enterprise, consumer, fintech, and health sectors. With $25B in assets under management (AUM), it has backed over 500 companies globally, with teams across the U.S., Europe, India, Israel, and Southeast Asia.
LightSource Use of Funds
The investment will help LightSource enhance its procurement software, expand its team, and grow its customer base across various industries.
About LightSource
Founded in 2021 by Spencer Penn and Idan Mintz, LightSource provides software to help companies streamline procurement processes, manage costs, and optimize vendor relationships. It automates procurement processes, including RFX creation, supplier identification, and cost tracking. LightSource offers category-specific templates, AI-driven bid analysis, and collaboration tools to enhance efficiency in supply chain management. With offices in San Francisco (headquarters), Boulder, Seattle, and Düsseldorf, Germany, LightSource serves automotive, aerospace, e-commerce, and consumer goods industries.
Funding Details
Company: LightSource
Raised: $33.0M
Round: Unknown
Funding Date: March 2025
Lead Investor: Bain Capital Ventures, Lightspeed Venture Partners
Additional Investors: J2 Ventures
Company Website: https://lightsource.ai/
Software Category: Procurement Management
Source: https://www.cnbc.com/2025/03/31/lightsource-raises-33-million-funding-round-led-by-bain-lightspeed.html