🇸🇪 Kodiak Hub secures €6 million investment to revolutionize procurement with AI-powered SRM

In a world where supply chain disruptions are the new norm, Kodiak Hub is stepping up to empower procurement leaders  and multinational organizations around the world to navigate these challenges with data-driven precision. Today, we’re excited to announce that Kodiak Hub has secured €6 million in funding from Oxx, a leading B2B SaaS investment firm, marking a major milestone in our journey to redefine Supplier Relationship Management (SRM) for global procurement and sourcing teams.

The Critical Need for Sustainable & Resilient Supply Chains

Sustainable practices in global supply chains are no longer optional—they are mission-critical. According to the UN Global Compact, supply chain emissions account for a staggering 70% of the average corporate value chain’s total emissions. Increasing demands for transparent and fair-trade practices are driving a paradigm shift, pushing companies to re-evaluate their sourcing and procurement strategies. Adverse practices in the supply chain can significantly impact both brand reputation and shareholder value, putting responsible procurement practices in the spotlight.

Amid these shifting expectations, the cost of supply chain disruptions has become painfully clear. In 2023, The Economist reported that companies suffered revenue losses of 6-20% due to supply chain issues, while a recent McKinsey study estimated that disruptions could cost companies up to 30-50% of EBITA. As these challenges escalate, resilient supply chains have emerged as essential to business continuity, top-line growth, and long-term stakeholder value. This urgency has propelled procurement and sourcing leaders into the C-suite, where they are now instrumental in shaping sustainable, resilient, and profitable operations.

How Kodiak Hub Is Helping Procurement Leaders Build Resilient Supply Chains

In the wake of major supply chain disruptions—ranging from critical microchip shortages to sharp increases in energy and food prices following Russia’s invasion of Ukraine—businesses worldwide are racing to secure resources at the right time and cost. Kodiak Hub’s platform is purpose-built to support procurement leaders in facing these challenges, providing a comprehensive view of supply chain risk and performance. With a 360-degree risk overview, our solution transforms complex data into actionable insights, empowering Chief Procurement Officers (CPOs) and Strategic Buyers to make high-stakes, multi-billion-euro decisions with confidence. We’re proud to support over 80 procurement leaders across manufacturing and other essential industries, helping them build resilient supply chains, mitigate risk, and meet complex compliance requirements.

Our platform’s success has been recognized globally. For the past three years, Kodiak Hub has been listed in the ProcureTech 100  rankings as a leading SRM solution, as well as a Spend Matters’ “50 to Watch”  and “Customer Favorite in Supplier Management” in procurement technology for the past two years.

What This Funding Means for Kodiak Hub’s Future

With Oxx’s partnership and investment,  Kodiak Hub will expand its reach even further, focusing on entering the US market and growing our teams in both commercial and data analytics roles. We’ll also continue to enhance our platform, with a particular emphasis on developing new AI-driven data analytics tools. These advancements will empower procurement teams  with even greater insights, speed, and efficiency, enabling them to navigate today’s challenges and seize new opportunities.

Leading the Charge in Sustainable Procurement

At Kodiak Hub, we believe that procurement can play a pivotal role in creating a more sustainable world. By empowering businesses to optimize resource efficiency and make sustainable choices, our platform helps to reduce the overall environmental impact of the supply chain. As Founder and CEO Malin Schmidt states, “Our robust data sourcing and continuous intelligence-building enable customers to make smarter decisions that unlock greater value across their supply networks while reducing costs and amplifying sustainability impact.”

Partnering with Oxx for a Shared Vision

Oxx’s investment signals a shared commitment to reshaping Supplier Relationship Management. “As companies face increased pressure to meet regulatory and sustainability requirements, Kodiak Hub’s sophisticated analytics and AI-driven insights are uniquely positioned to enable procurement leaders to take a proactive approach in managing supplier quality, risk, and compliance,” says Ingrid Bonde Åkerlind, Principal at Oxx. “Malin and her team have crafted a ‘data cockpit’ for procurement, essential in today’s landscape, and we are thrilled to partner with them on their journey to redefine Supplier Relationship Management.”

Originally published on 20 November by Kodiak Hub.

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