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Factor

44 Tehama Street
San Francisco, CA 94105
USA
Website Company Summary Management Team
Management

CEO: Doug Shultz (2/28/2018)
Technology: Andrew Weber (4/30/2018)
Customer Service: Michael Szewczyk
Board

Company

Business description: Factor is a supplier relationship management platform providing always-on visibility and collaboration from supplier onboarding to receiving goods. Factor’s Supplier Relationship Management system provides unprecedented visibility into production capabilities, supplier timelines, and costs. In a world where supply chains are growing more complex and global disruptions are more frequent, visibility and agility are needed now more than ever to get products manufactured faster, cheaper and withless effort. Companies should no longer be losing critical information due to inefficient communication. We bring supplier management online for always-on visibility into every step from quoting to receiving goods. Only Factor connects all parties in your end-to-end supply chain – R&D, assemblers, parts manufacturers, operations and more - in a platform that is robust enough for the most complex manufacturing requirements, but easy enough for everyone to use. With Factor, you know which of your suppliers has the capability to execute, and will get you the product you need, when you need it. You get multiple quotes from your qualified suppliers, easier than you would get a single quote without factor. You spend far less time chasing emails and more time building new products and innovating. Our customers save weeks of product development time and enjoy annual savings of 14-31% on the cost of their outsourced manufacturing.
Capital

Rounds: 3
Recent Fundings: Dec 2021   Apr 2021
Capital raised: 11.8M
Last Round: 6.0M
Ownership: Private  
VCs include: Xfund Afore Capital Gradient Ventures;  The Graduate Syndicate;  South Park Commons
Corporate investors: Google's AI-focused fund

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Overview
Record updated: Dec 2021
Sector: Software
Year Founded: 2018
Headcount: 1-10 as of Dec 2021
Rounds: 3
Recent Fundings: Dec 2021   Apr 2021
Capital Raised: 11.8M
Last Round: 6.0M
Ownership: Private