Relationship intelligence (SaaS) firm- Stimulus from Philadelphia, Pennsylvania, raised $2.5M in seed money.
Genius Guild, Morgan Stanley, Northwestern Mutual Future Ventures, REFASHIOND Ventures, Bronze Valley, The BFM Fund, Plain Sight Capital, and Penn Medicine – Wharton Fund for Health also took part in the round of funding, which was led by Black Ops VC.
The company plans to utilize the money to hire people in the engineering, data, and sales departments, grow collaborations with businesses that share the same objective of cultivating relationships with their suppliers and diversifying their supply chains, and expand the Stimulus Platform.
In order to assist businesses in making the best sourcing, procurement, and purchasing decisions while also improving and expanding their supplier ecosystems, Stimulus, led by CEO Tiffanie Stanard, offers the Relationship Intelligence Platform. This platform combines data insights, relationship-building tools, and a proprietary score. The Stimulus Score assesses suppliers to offer an unbiased picture of performance, which gives buyers a 360-degree view to better engage with current or potential vendors.
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