openPR Logo
Press release

Kodiak Hub's SRM Platform Secures a 5M USD Investment to Foster Sustainable Procurement

04-12-2023 04:37 PM CET | IT, New Media & Software

Press release from: Kodiak Hub

Malin Schmidt, CEO & Founder of Kodiak Hub and Kamjar Hajabdolahi, Founder of Blq Invest

Malin Schmidt, CEO & Founder of Kodiak Hub and Kamjar Hajabdolahi, Founder of Blq Invest

Kodiak Hub has finalized a Series A investment totaling a round of 55M SEK (5M USD), lead of blq invest, offering a new standard for how global business can create smart and sustainable supplier relationships. "A high-quality product manufactured in an unsustainable manner isn't so high-quality after all," says Malin Schmidt, CEO & Founder of Kodiak Hub

Kodiak Hub was founded by CEO Malin Schmidt, and the company today has over 50 customers such as Cloetta, Spotify, Northvolt, Jotun, LKAB, and Logitech. Malin Schmidt, CEO & Founder, remarks that ProcureTech has never been more important than now;

"Where CRM was 10-15 years ago is where SRM (Supplier Relationship Management) is today. No business can ignore the increasing demands for transparency & traceability in global supply chains. Additionally, no business will be able to meet the new demands without adopting emerging technology. We often speak of 'the currency of impact' - as in companies rewarding suppliers with their business based on the lowest price, or a more holistic view of value. We offer customers actionable supplier insights to ensure they're working with the best and most valuable suppliers possible; always." - Malin Schmidt

The Digital Infrastructure of Tomorrow

All companies, from global enterprises to SMEs, are dependent of their suppliers, independent of industry vertical or products/services offered. The COVID crisis highlighted the fragility of global supply chains and the need for transparency & resilience within a global supplier base. In today's increasingly volatile geopolitical climate, businesses need to work smarter with their suppliers - not to mention the recent EU-Due Diligence directive has heightened the requirements on global procurement teams. blq's founding partner Kamjar Hajabdolahi remarks, "The time for ProcureTech, is here and now."

"Kodiak Hub's platform is central to their customers' digital infrastructures. Kodiak Hub doesn't lose customers because they've created added and shared value in their clients' businesses, which describes why they've continued to grow despite the pandemic & recession. It was a no-brainer investment for us", says Kamjar Hajabdolahi, founding partner of blq invest.

Kodiak Hub
Humlegårdsgatan 5, 114 46 Stockholm, Sweden
+46 703 644 132

Kodiak Hub, founded in 2016, operating across Europe & Headquartered in Stockholm, Sweden, is a provider of a cloud-based Supplier Relationship Management (SRM) SaaS empowering global procurement teams to source smarter - powering sustainable supplier relationships.

Kodiak Hub offers a modular suite of SRM solutions that teams can plug n' play to capture supplier data, monitor and manage supply chain risks, evaluate and improve supplier performance and drive buyer-supplier innovation. Teams that use Kodiak Hub power Performance, Predictability, and Purpose in global supply chains.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Kodiak Hub's SRM Platform Secures a 5M USD Investment to Foster Sustainable Procurement here

News-ID: 3010482 • Views:

More Releases from Kodiak Hub

Supplier Relationship Management (SRM) Software Market is Growing Fast! Here are 10 Stats to Prove it!
Supplier Relationship Management (SRM) Software Market is Growing Fast! Here are …
1. The Supplier Management Software Market has a projected CAGR of 14% over the period 2021-2026 (MordorIntelligence, 2021). This is way above the overall 8,6% projected growth the entire segment, Enterprise Software, is forecasted to see (Statista, 2021). 2. 42% of the growth will come from North America (Technavio). 3. CRM and SRM are closely related to each other but revolve in different spaces. Even if the use and valuation of Supplier

More Releases for Founder

Founder and Co-Founder of Getmeds Talks about Growth factors of Health Tech Mark …
Philippines faced a major doctor shortage in the previous years and the growing population made the situation worst. The increasing concerns led to the advancements in the technology which may provide easy access across the country. E-Pharmacy is one such sector of Philippines health tech market that is targeting to overrule nearly all the barriers in the healthcare access. Covid-19 has been a positive driver of this sector. Most Filipinos
Amaan Zaidi Founder of Growth Matee
Amaan Zaidi, a prominent Indian businessman, is the founder and CEO of Growth Matee Corp., an Indian Edtech firm based in New Delhi, India.The company was founded in October 2021. Amaan belongs to a well-educated family and was a bright student during her school days. Her journey has been a major inspiration for all aspiring entrepreneurs around the world. He was playing a significant role in the growth of India
Introduction of Rayllex founder of Raytrowrld
Rayllex has had a fascinating adolescence. He was never enamoured with concentrates so he dumped formal instruction out of his arrangements. The possibility of Oravel Stays struck him when he was 16. He is a capable Social Media Manager in Mumbai and he is overseen numerous well known famous people and celebrities computerised media. He is well known for his innovativeness and thoughts. Rayllex has profited society in more than one
8 Breakthroughs to Celebrate on Earth Day FOR IMMEDIATE RELEASE Contact: Media Relations: EcoMall (845) 679-2490 This April 22nd, many of us will wish each other a ‘Happy Earth Day‘. Earth Day is a time for everyone to think about our planet. EcoMall felt it would be great opportunity to focus on the many positive achievements recently made to help save our Mother Earth! 1) Shell abandons Alaska Arctic drilling Oil giant’s
SYCODE Founder launches
Panaji - 24th Nov, 2008 - SYCODE's Founder Deelip Menezes today launched, an independent social network for Pro/E users all over the world. " is a global network of Pro/E users", explains Deelip Menezes, Founder of "It is a Web 2.0 kind of a social network where Pro/E users all over the world interact with each other, discuss issues surrounding Pro/E and help each other out. By it sheer
Imperiali Founder Imperato Visits Cairo
Cairo, Egypt – December 12, 2006 - Today Imperiali Founder, Daniel Imperato, continued on his global tour visiting Cairo, after returning from his successful South American tour. While in Cairo, Imperato, on behalf of the Imperiali Organization, will be working on the organization\'s real estate development projects that are already underway. In addition, the Imperiali Organization has newspaper, media, and telecommunications projects that are in development.