SupplyCompass secures £1.5m seed funding from Episode 1 to develop its sourcing platform.
Episode 1 led the seed round to support technology development and expand the manufacturer marketplace.
SupplyCompass operates a design-to-delivery sourcing platform that connects fashion and interior brands with sustainable manufacturers. The company has a presence in London and Mumbai.
SupplyCompass has raised £1.5m in a seed funding round led by Episode 1. Additional backing comes from Unicorn Ascension, Ascension Ventures, and angels Andy Chung and Philipp Moehring.
The capital will be directed towards advancing the platform's technology and growing its network of international manufacturers, focusing particularly on early-stage sourcing processes such as sampling, design development, and factory matching.
The company aims to address inefficiencies in traditional supply chains by combining software technology with production expertise. This enables brands to secure sustainable materials and lower waste without significantly increasing end product costs for consumers.
From the founder
"Current sourcing methods aren't fit for brands of the future; they're offline, inefficient and fragmented. Technology is needed for global supply chains to progress and become faster, more efficient and more sustainable. At SupplyCompass we see the key to success lying in rethinking existing sourcing methods, with better collaboration, innovation and technology at the core. Our vision is to help fashion and interior brands make products that don't have to cost the earth, and this funding from investors Episode 1 will help us to do just that."
Gus Bartholomew
CEO & Co-Founder at SupplyCompass
Investor perspective
"The SupplyCompass team is exceptionally knowledgeable about the fashion supply chain and all evidence suggests they are execution machines. We are extremely excited to fund their growth and technology development which we believe will help them develop into a very large and famous company whilst increasing the sustainability of a currently unsustainable industry."
Adrian Lloyd
Founding Partner, Episode 1
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
SupplyCompass
SupplyCompass provides a sustainable sourcing platform for fashion and interior brands.