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Diverse Investors Join $2 Million SupplyHive™ Seed Round; Investors Sixty8 Capital, Angeles Investors and Service Provider Capital solidify diversity, inclusion missions


SupplyHive™, a Chicago-based innovative provider of Supplier Performance Management (SPM) technology, announced today that it fully subscribed $2 million in seed funding from three new investors with DNA in diversity and inclusion: Sixty8 Capital in Indianapolis, Indiana, Angeles Investors in Chicago, and Service Provider Capital LLC in Denver.

CHICAGO (PRWEB) OCTOBER 14, 2021

SupplyHive™, a Chicago-based innovative provider of Supplier Performance Management (SPM) technology, announced today that it fully subscribed $2 million in seed funding from three new investors with DNA in diversity and inclusion: Sixty8 Capital in Indianapolis, Indiana, Angeles Investors in Chicago, and Service Provider Capital LLC in Denver.

“The core of each of these new investors shows the power and growth that comes with the application of diversity and inclusion,” said SupplyHive™ President and CEO Lou Sandoval. “We continue to grow our list of enviable brands that will partner with us into the future, starting with their supply chains.”

Sandoval said the SupplyHive’s™ SPM solution offers much-needed transparency to all companies seeking to solidify their diversity, equity and inclusion (DEI) efforts by leveraging performance data to assist in developing suppliers and helping them grow.

“This fosters inclusion that helps large corporations be better partners to diversity and all of their suppliers,” said Sandoval.

Despite an economic-jolting pandemic during 2020, SupplyHive™ subscribed a number of major clients, including Facebook, MARS Global, McDonald’s Corporation, Abbott, BOX, Eaton and First Energy — all taking a leading-edge approach to Supplier Performance Management

SupplyHive™ did not stop there. With the addition of Sixty8 Capital, Angeles Investors, and Service Provider Capital, SupplyHive™ will have the strength to deliver even more. These diverse venture capital firms continue the growing trend in venture-backed start-ups with diverse funds that support diversely founded companies.

“Most of all, they will continue to envision the American Dream with inclusion and opportunity,” said Sandoval.

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