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NEW YORK – US traceability solutions provider Sourcemap has secured US$10 million which it’ll use to fund a new European subsidiary as it looks to move into markets across the Atlantic Ocean.  

Backed by Energize Ventures and the E14 Fund, Sourcemap offers fashion brands due diligence software enabling them to map raw materials throughout their supply chains.

“Supply chain mapping has become an essential tool for competitiveness and compliance across the global economy,” said Leonardo Bonanni, CEO and founder of Sourcemap. “We are thrilled to partner with Energize Ventures and E14 Fund to bring the Sourcemap solution to more companies around the world as we continue to empower a more sustainable, resilient and compliant global supply chain.”

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