How Much Did Anvyl Raise? Funding & Key Investors

Anvyl has successfully raised funds through multiple rounds, with the latest being a Series B round closed on February 15, 2022. The company has garnered support from 15 investors, including notable names like B Capital and Buckley Ventures.

Acquired by Sage Group, Anvyl continues to innovate in the supply chain management space, offering a platform that centralizes and automates processes for consumer brands. Keep reading to explore the intricacies of Anvyl's fundraising journey and the investors backing this innovative platform.

What Is Anvyl?

Founded in 2017, Anvyl is a technology platform based in New York, New York, specializing in supply chain management and analytics. The company was established by Rodney Manzo and currently employs between 11 and 50 people.

Anvyl's platform leverages data analytics to streamline and automate supply chain processes, providing visibility and efficiency for consumer brands. By centralizing operations, Anvyl aims to eliminate the need for emails and spreadsheets, enhancing productivity and collaboration across the supply chain.

How Much Funding Has Anvyl Raised?

1. Seed Round
   • Amount Raised: $2.5M
   • Date: May 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the company's initial operations and develop its supply chain management platform.
2. Non-Equity Assistance
   • Date: July 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To gain strategic support and resources without diluting equity.
3. Series A
   • Amount Raised: $9.3M
   • Date: July 2019
   • Lead Investors: Redpoint
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the platform and expand market reach.
4. Series A
   • Date: January 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further enhance the platform's capabilities and support growth.
5. Series B
   • Date: August 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue scaling operations and improve technology infrastructure.
6. Series B
   • Amount Raised: $19M
   • Date: February 2022
   • Lead Investors: B Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To double the team size, enhance machine learning and AI capabilities, and streamline supply chain processes.

Total Amount Raised: $30.8M. Current Valuation: Not publicly disclosed.

Key Investors

• B Capital
  • Details: B Capital is a global venture capital firm that invests in growth-stage companies. They focus on leveraging their extensive network to help startups scale.
  • Investment Focus Areas: Technology, healthcare, fintech, logistics, consumer goods.
  • Notable Investments: Bird, Evidation Health, Ninja Van.
• Redpoint Ventures
  • Details: Redpoint Ventures is a venture capital firm that invests in seed, early, and growth-stage companies. They have a strong track record in backing successful technology startups.
  • Investment Focus Areas: Technology, media, software, consumer internet, infrastructure.
  • Notable Investments: Netflix, Snowflake, Stripe.
• First Round Capital
  • Details: First Round Capital is a venture capital firm specializing in seed-stage funding. They are known for their hands-on approach in helping startups grow.
  • Investment Focus Areas: Technology, consumer internet, enterprise software, healthcare.
  • Notable Investments: Uber, Square, Warby Parker.
• AlleyCorp
  • Details: AlleyCorp is a venture capital firm and incubator based in New York. They are involved in both funding and building companies from the ground up.
  • Investment Focus Areas: Technology, media, healthcare, e-commerce.
  • Notable Investments: MongoDB, Business Insider, Gilt Groupe.
• Flexport
  • Details: Flexport is a freight forwarding and customs brokerage company that also invests in logistics and supply chain startups. They aim to modernize global trade through technology.
  • Investment Focus Areas: Logistics, supply chain, transportation, technology.
  • Notable Investments: Specific companies not detailed.

What's Next for Anvyl?

With a fresh infusion of $15 million in Series B funding, Anvyl is poised to capitalize on significant opportunities in the supply chain management sector. The company plans to expand its team and enhance its machine learning and AI capabilities, aiming to provide better supply chain transparency and predictive analytics. This growth trajectory suggests potential for future funding rounds to further scale operations and technology.

However, Anvyl will face challenges such as competition from other platforms and the complexity of integrating advanced technologies. Maintaining company culture during rapid growth and ensuring data security will also be critical. As industry trends lean towards increased supply chain transparency and efficiency, Anvyl's strategic moves could attract more investor interest and possibly lead to strategic acquisitions.

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