Kodiak Hub, a Stockholm-based supplier relationship management (SRM) platform, has successfully raised €6 million in funding from Oxx, a prominent B2B SaaS investment firm. This funding will support the company’s global expansion, including its entry into the US market, and enhance its AI-driven data analytics tools, which aim to redefine procurement processes and supplier management.
The platform provides procurement teams with a centralized solution to address challenges such as resource allocation, risk management, compliance, and sustainability. By converting complex data into actionable insights, Kodiak Hub enables businesses to make faster and more informed decisions, optimizing supply chain performance and long-term growth. Its cloud-based system is already trusted by over 80 procurement leaders across industries like manufacturing, empowering them to build resilient and sustainable supply networks.
Kodiak Hub’s Founder and CEO, Malin Schmidt, shared that the company is dedicated to transforming the way procurement professionals navigate the complexities of global supply chains. She highlighted the platform’s unique ability to provide continuous intelligence-building and actionable insights, helping companies reduce costs associated with demand sensing and decision-making. The solution not only improves operational efficiency but also allows businesses to prioritize critical factors such as quality, price, and sustainability.
The investment comes at a time when organizations face increasing pressure to meet regulatory and sustainability requirements. With more than 75% of its revenue generated from international markets, particularly in Germany and the UK, Kodiak Hub is already making significant strides in the procurement landscape. The funding will accelerate the company’s plans to establish a strong presence in the US and expand its commercial and data teams to better serve its growing customer base.
Oxx’s Principal, Ingrid Bonde Åkerlind, expressed enthusiasm for Kodiak Hub’s potential to lead the next generation of supplier relationship management. She emphasized the platform’s role in enabling procurement leaders to take a proactive approach to managing supplier quality, risk, and compliance, leveraging advanced analytics and AI-powered insights. According to her, Kodiak Hub’s holistic and data-driven approach sets it apart in a competitive market.
Kodiak Hub’s recognition in the ProcureTech 100 and Spend Matters’ “50 Providers to Watch” underscores its position as a frontrunner in the procurement technology space. The platform’s innovative features have been particularly praised for helping businesses achieve greater sustainability and operational excellence. By consolidating diverse data sources into a single, user-friendly interface, it simplifies the complexities of supply chain management and provides procurement leaders with a comprehensive view of their supplier networks.
As supply chains become more regionalized and sustainability takes precedence in corporate priorities, Kodiak Hub’s technology offers an essential solution for organizations aiming to remain competitive and resilient. The ability to adapt quickly to regulatory changes and market demands is increasingly critical, and Kodiak Hub equips businesses with the tools they need to thrive in this evolving landscape.
With the support of Oxx’s investment, Kodiak Hub is well-positioned to expand its footprint and continue delivering innovative solutions to procurement teams worldwide. The company’s dedication to driving meaningful change through data-driven decision-making and sustainability-focused strategies ensures its relevance in the future of procurement.
