CANADA – Nulogy, a Toronto, Canada-based provider of supply chain collaboration solutions, raised CAD$20M in funding.
The round was comprised of a mix of funding from Export Development Canada (EDC) and incremental working capital from a Tier 1 Canadian Bank.The company intends to use the funds to accelerate product innovation and its company growth.Led by CEO Jason Tham, Nulogy is a supplier of cloud-based supply chain solutions that enable customers and their supplier communities to collaborate on a multi-enterprise platform. Its platform optimizes upstream supply ecosystems composed of brands, contract manufacturers and packagers, third party logistics providers, and raw material and packaging suppliers in order to accelerate supply chain responsiveness and collaborate at the speed of today’s market.Nulogy’s cloud-based platform provides a set of solutions both for suppliers—including co-packers and contract manufacturers, and for the brands and manufacturers who trust these suppliers to function as an integral part of their business operations. The capabilities of the Nulogy solutions enable these companies to collaborate in near real time to monitor and manage orders, to respond to rapidly changing conditions, and to cut costs, increasing the quality and efficiency of their supply chain operations.01/04/2023
