Orderful, a San Francisco, CA-based provider of a cloud-based EDI solution connecting businesses in the supply chain, has raised $15 million in growth funding.
Investors
The round was led by NewRoad Capital Partners, with participation from 9Yards, Flume Ventures, NFI Ventures, and existing investors Andreessen Horowitz and GLP Partners.
NewRoad Capital Partners, headquartered in Northwest Arkansas, is an SEC-registered investment firm that invests in growth equity and growth buyout opportunities in select U.S. Supply Chain & Logistics and Retail & Consumer Packaged Goods sectors in the lower middle market.
As part of the investment, Gregoire Lehmann, Principal at NewRoad Capital Partners, will join Orderful's board of directors. Josh Jewett, Operating Partner at NewRoad and former Chief Information Officer (CIO) at Family Dollar and Dollar Tree, will join as a board observer.
Orderful Use of Funds
With the funding, Orderful plans to accelerate product development, expand its global reach, and continue to deliver cutting-edge solutions.
About Orderful
Orderful provides a modern, cloud-based Electronic Data Interchange (EDI) Software-as-a-Service platform designed to streamline and simplify B2B (business-to-business) data exchange. Its simplified integrations, pre-connected network, and user-friendly self-service approach minimize errors with customers onboarding new partners. Orderful integrates an API that allows companies to automate and manage data exchanges efficiently, without manual intervention or complex integrations.
Funding Details
Company: Orderful Inc.
Raised: $15.0M
Round: Growth Round
Funding Date: November 2024
Lead Investor: NewRoad Capital Partners
Additional Investors: 9Yards, Flume Ventures, NFI Ventures, Andreessen Horowitz, GLP Partners
Company Website: https://www.orderful.com/
Software Category: B2B Integration
Source: https://www.prweb.com/releases/orderful-raises-15m-growth-round-led-by-newroad-capital-partners-to-transform-b2b-integration-with-modern-edi-solutions-302306730.html