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Sourcemap is a technology company.
Sourcemap provides enterprise-grade supply chain mapping and traceability software, serving as a system of record for authenticated supplier data. The platform delivers automated workflows for sub-supplier discovery, transaction-level chain of custody traceability, and comprehensive supplier due diligence. It collects verifiable data and documents, enabling audit-ready compliance from raw material to finished good, crucial for regulatory adherence and risk mitigation.
The company was founded by Leonardo Bonanni, originating from a project at the MIT Media Lab in 2007. Bonanni formally launched Sourcemap as a commercial entity in September 2011. His work stemmed from an insight into the opaque nature of global supply chains and the critical need for complete transparency to address ethical, environmental, and security challenges.
Organizations across various sectors utilize Sourcemap to gain unprecedented visibility into their supply networks. The company's solutions support compliance with tariffs, forced labor due diligence, and regulations such as the EU Deforestation Regulation. Sourcemap's overarching vision is to establish the definitive network for supply chain transparency, empowering businesses to uphold standards, minimize risks, and efficiently navigate complex global compliance landscapes.
Sourcemap has raised $30.0M across 2 funding rounds.
Sourcemap has raised $30.0M in total across 2 funding rounds.
Sourcemap is a supply chain transparency software company that provides end-to-end mapping, traceability, and risk management tools for complex global supply chains.[1][2][3] It serves manufacturers, retailers, raw material producers, traders, distributors, and brands across industries like automotive, electronics, pharmaceuticals, luxury goods, apparel, and cosmetics, solving problems such as regulatory compliance (e.g., CSDDD, LkSG, California Supply Chains), risk exposure, counterfeiting, fraud, and sustainability verification by visualizing suppliers from raw materials to finished goods.[1][3][4][5] The platform enables continuous supplier discovery, real-time data collection, ERP integrations, and award-winning visualizations, turning spreadsheets into terabytes of actionable insights for customs compliance and stakeholder reporting.[2][3][6]
Sourcemap was founded in 2011 at MIT's Media Lab following the Tohoku Tsunami, which exposed vulnerabilities in global supply chains worldwide.[1][2][3] Leonardo Bonanni, drawing from the Lab's expertise in cloud computing, social networking databases, and smartphone diffusion, developed the idea to provide continuous, real-time visibility rather than intermittent audits.[2] Early traction came from mapping complex networks for tough industries, evolving from basic supplier spreadsheets to a comprehensive platform handling terabytes of data on farms, mines, factories, and shipments.[2][4]
Sourcemap rides the wave of escalating supply chain regulations and ESG demands, amplified by disruptions like pandemics, geopolitical tensions, and climate events, enabling companies to meet mandatory due diligence for human rights, environment, and transparency.[1][2][3][5] Its timing aligns with EU laws (CSDDD, LkSG) and US importer guidance, where traditional audits fail against dynamic, multi-tier networks; market forces like forced labor scrutiny and consumer demand for provenance favor its real-time, verifiable data over siloed ERPs.[3][4] By proving compliance for "world's toughest supply chains" and integrating with platforms like Salesforce, Sourcemap influences the ecosystem, standardizing data universes that empower procurement, sustainability teams, and regulators.[3][7][8]
Sourcemap is poised to dominate as regulations tighten globally, expanding its API-driven platform to more commodities and industries amid rising AI-enhanced risk prediction and blockchain traceability trends.[3][4] Expect deeper ERP/Salesforce synergies, automated sustainability KPIs, and broader adoption by multinationals facing S-211 or Vigilance laws, potentially scaling via acquisitions or partnerships.[3][7] Its MIT-honed edge in turning opaque networks transparent positions it to shape resilient, ethical supply chains, reinforcing its role as the post-Tohoku pioneer in an era where visibility is non-negotiable.[1][2]
Sourcemap has raised $30.0M in total across 2 funding rounds.
Sourcemap's investors include Energize Ventures, VoLo Earth Ventures, E14 Fund, In-Q-Tel.
Sourcemap has raised $30.0M across 2 funding rounds. Most recently, it raised $20.0M Series B in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2023 | $20M Series B | Energize Ventures | VoLo Earth Ventures, E14 Fund | Announced |
| Feb 1, 2022 | $10M Series A | Energize Ventures | E14 Fund, IN Q TEL, VoLo Earth Ventures | Announced |