CADDi Secures $89M Funding Amid Challenging Supply Chain Management Landscape

Leases & LoansMoney Matters
Written By Jennifer Joslyn

🙌 CADDi Secures $89M Funding Amid Challenging Supply Chain Management Landscape.

CADDi, a global procurement startup, has secured $89 million in a Series C funding round, even as the supply chain management sector has experienced a decline in funding. The round was co-led by existing investors and included participation from new investors. CADDi operates a B2B marketplace for the manufacturing industry, providing companies with tools to manage quality, cost, and delivery within their supply chain infrastructure. With the new funding, CADDi aims to generate $10 billion in revenue by 2030 and expand its U.S. office to employ 100 people within a year. While venture funding for supply chain startups has slowed in recent years, CADDi's successful funding round highlights its ambitious goals and growth potential in the industry.

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Jennifer Joslyn
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