The supply chain industry is experiencing a wave of innovation as startups leverage cutting-edge technologies to address long-standing challenges and create new efficiencies. From revolutionizing warehouse operations to enhancing last-mile delivery, these companies are reshaping how goods move from manufacturers to consumers.
In this rapidly evolving landscape, we’ve identified several pioneering startups that are poised to make significant impacts on supply chain management. Here are the top supply chain management startups to watch.
Supply Chain Management Companies to Follow
Every year, new startups pull to the forefront of their industry through exciting innovation and industry-disrupting business models. We’ve rounded up the most exciting supply chain management startups of 2024 that startup-lovers, investors, and aspiring entrepreneurs should follow.
Disclaimer: With so many exciting startups launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.
1. Trackonomy
- Location: Silicon Valley (San Jose, California)
- Founder(s): Dr. Erik Volkerink, Dr. Ajay Khoche
- Founded In: 2017
- Funding: Series C, $263 Million
- Investors Include: MSD Partners, Friends & Family Capital, Bhansali Equities
Achieving complete supply chain visibility is an essential goal for modern supply chain managers. Since 2017, Trackonomy has been focused on providing real-time tracking updates for land, air, and sea shipments, helping buyers and shippers alike achieve end-to-end visibility into the freight that drives their business.
2. Mytra
- Location: South San Francisco, California
- Founder(s): Chris Walti, Ahmad Baitalmal
- Founded In: 2022
- Funding: Series B, $77.9 Million
- Investors Include: Eclipse Ventures, Greenoaks Capital Partners, 515 Ventures
Mytra is a robotics company that specializes in software-defined warehouse automation solutions for logistics. The company’s innovative system utilizes a three-dimensional grid for storing and moving materials, constructed from simple, modular hardware components. This approach allows for quick and flexible installation, reducing technical complexity for customers while adapting to various warehouse spaces.
3. Ofload
- Location: Sydney, Australia
- Founder(s): Geoffroy Henry, Thomas Andersson
- Founded In: 2019
- Funding: Series Unknown, $88.9 Million
- Investors Include: Jungle Ventures, Mars Growth Capital, Bay Grove
Getting products to a port in your home country is only half the battle; once your products are loaded off the vessel, you still have to rely on ground transport to get them to the various warehouses where they’ll be stored. Ofload is a startup that promises to make ground transportation far more efficient for Australian companies by offering real-time tracking and connecting cargo owners with freight carriers.
4. Qualifyze
- Location: Frankfurt, Germany
- Founder(s): Dr. David Schneider
- Founded In: 2017
- Funding: Series B, $85.3 Million
- Investors Include: Insight Partners, HarbourVest Partners, HV Capital
Qualifyze is a data and application platform that supports pharmaceutical companies with supply chain compliance assessments. The company connects customers, suppliers, and auditors, providing unique insights into supplier compliance levels across the supply chain through its proprietary audit data. With a global network of expert auditors and a vast database of supplier compliance information, Qualifyze enables pharmaceutical clients to optimize risk mitigation processes in a streamlined, cost-effective manner.
5. Linkana
- Location: São Paulo, Brazil
- Founder(s): Leonardo Cavalcanti, Emiliano Abad, Cirdes Henrique, Marcelo Miranda, Djalma Araujo
- Founded In: 2018
- Funding: Accelerator, $125,000
- Investors Include: Google for Startups, Y Combinator, Latitud
Choosing the right suppliers to partner with is a vital component of building a reliable supply chain; however, the process of onboarding new suppliers can often be a time-consuming task. By automating the entire compliance and supplier governance process, Linkana makes finding, vetting, and managing relationships with new suppliers far less of a hassle while allowing companies to minimize the risk of choosing an unreliable supplier.
6. Vizion
- Location: San Francisco, California
- Founder(s): Kyle Henderson, Tyler Hughes
- Founded In: 2018
- Funding: Series A, $18.7 Million
- Investors Include: MS&AD Ventures, Maersk Growth, Samsung Venture Investment
Even with today’s advanced technology, it has still never been more difficult for shippers and cargo owners to know where their ocean freight is and when it will arrive. Vizion, however, is a startup that is helping solve this challenge by providing shippers and cargo owners with real-time container tracking data that is pushed via API to any software system or spreadsheet.
7. CarbonChain
- Location: London, England
- Founder(s): Adam Hearne, Roheet Shah
- Founded In: 2017
- Funding: Series A, $14.2 Million
- Investors Include: Union Square Ventures, Voyager Ventures, Concord Resources
Founded in 2019, CarbonChain is a startup designed to help companies in high-polluting industries such as agriculture, metal and mining, and oil and gas keep track of their supply chain emissions. After uploading their supply chain data, companies are able to receive a comprehensive emissions report complete with asset-level emissions breakdowns and AI-powered insights into sustainability opportunities.
8. Boox
- Location: Petaluma, California
- Founder(s): Matthew Semmelhack, Robert Walton
- Founded In: 2019
- Funding: Series A1, $11.7 Million
- Investors Include: Ryder Ventures, Green Meadow Ventures, Valor Equity Partners
The cradle-to-grave carbon footprint of cardboard boxes is estimated to be 0.94 kg of CO2 e / kg per box, creating real environmental concerns as the ecommerce industry continues to grow. Boox is an innovative startup attempting to tackle this growing problem by providing companies with reusable boxes that are designed to be shipped back to Boox after the customer receives their products. According to Boox, these reusable boxes are able to reduce environmental impact by 70% compared to single-use boxes.
9. Fabric
- Location: Tel Aviv, Israel
- Founder(s): Elram Goren, Ori Avraham, Shay Cohen, Eyal Gorenand
- Founded In: 2015
- Funding: Series C, $375 Million
- Investors Include: Temasek, Corner Ventures, Union Tech Ventures, Innovation Endeavors
Fabric is a supply chain startup that aims to revolutionize retail logistics by enabling same-day delivery with profitable unit economics. The company achieves this through a network of micro-fulfillment centers strategically located near end-customers, serving as local inventory hubs. Fabric’s solution incorporates advanced software, robotics, and automation to enhance the consumer experience while simultaneously improving operational efficiency and reducing costs for retailers.
10. Hive
- Location: Berlin, Germany
- Founder(s): Oskar Ziegler, Franz Purucker, Leonard von Kleist
- Founded In: 2020
- Funding: Series A, $74 Million
- Investors Include: Leblon Capital, Atempo Growth, Activant Capital
Essentially Amazon FBA for non-Amazon sellers, Hive is a company that allows ecommerce sellers to outsource their inventory management and order fulfillment responsibilities. Ecommerce companies that partner with Hive are able to ship their products in bulk to Hive warehouses. From there, Hive takes on the task of storing, packing, and shipping products as they are ordered, freeing up ecommerce business owners to focus on growing their business.