Stockholm-based Kodiak Hub, a supplier relationship management (SRM) platform, has secured €6 million in funding from Oxx, a leading B2B SaaS investment firm. The investment will fuel the company’s expansion into the US market, grow its commercial and data teams, and accelerate the development of its AI-driven data analytics tool.
Supply chain challenges: Microchip shortages and energy price volatility
Kodiak Hub addresses key challenges in the supply chain industry, including critical microchip shortages and unpredictable energy price fluctuations. These factors create bottlenecks for businesses, forcing them to scramble for resources at optimal times and costs to maintain operations. Consequently, companies need to develop regionalised supply ecosystems to mitigate risks.
The challenges extend beyond the supply chain. Climate change plays a crucial role, compelling companies to decarbonise operations, optimise resource usage, and minimise inefficiencies. This situation emphasises the need for data-driven procurement to enable faster, more effective, and scalable decision-making. Achieving these goals requires a significant shift towards digitalisation to manage and leverage vast, dispersed data sources.
Kodiak Hub solution: 360-degree risk overview and data-driven insights
Kodiak Hub, founded in 2016 by Malin Schmidt, offers a cloud-based platform that transforms complex supply chain data into actionable insights. The solution empowers procurement leaders to build resilient, regionalised supply networks, gain a comprehensive 360-degree risk overview, and make data-driven decisions that optimise growth and value.
“At Kodiak Hub, we’re revolutionising how strategic buyers make decisions within the world’s most complex and high-performing supply chains. Our holistic, data-driven platform empowers customers to optimise top-line growth and long-term value, prioritising key drivers such as quality, price, and sustainability,” said Malin Schmidt, Kodiak Hub’s founder and CEO.
Kodiak Hub sets itself apart from competitors through its deep, sophisticated analytics, modular and customer-driven platform design, and continuous intelligence-building capabilities. The platform’s excellence has been recognised by industry leaders, earning it a place in the ProcureTech 100 rankings for three consecutive years and a spot in Spend Matters’ “50 Providers to Watch.”
Proactive procurement management is the future
Ingrid Bonde Åkerlind from Oxx highlighted the platform’s unique value: “As companies face increased pressure to meet regulatory and sustainability requirements, Kodiak Hub’s sophisticated analytics and AI-driven insights are uniquely positioned to enable procurement leaders to take a proactive approach in managing supplier quality, risk, and compliance.”
As businesses confront mounting pressure to meet regulatory and sustainability requirements, Kodiak Hub is positioning itself as an essential tool in modern procurement strategy.
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