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Sourcing software provider Keelvar raises $18M from Elephant and Mosaic

It was perhaps not until the COVID-19 pandemic hit the planet that most of us had ever heard or uttered the phrase “supply chain”. But in a global economy that had become drunk and lazy on ‘just in time ordering’ and similar, the threat to supply chains of things like, oh, food, from that pesky virus has become real and visceral. That why automation of ‘the supply chain’ has become such a huge issue. So it’s not a huge surprise that startups aimed at tackling this are suddenly thrust into the limelight.
Step forward, Cork, Ireland-based Keelvar, strategic sourcing software company, which today announces that it has raised $18 million in Series A funding led by Elephant and Mosaic Ventures with participation from Paua Ventures, enabling the company to further expand into enterprise markets.
The investment will support Keelvar’s expansion plans for Europe and the US, amid the rapidly-growing need for supply chain automation solutions, which has been further accelerated by the recent COVID-19 pandemic.
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