April 15, 2023
Toronto-based software provider Nulogy has raised $20 million in a recent funding round. The funding was led by Export Development Canada (EDC) and supplemented by an unnamed Canadian bank which provided incremental working capital. Nulogy and EDC also entered a strategic partnership in connection with this funding, whereby EDC will support Nulogy in a variety of ways, including trade knowledge and global networks.
Nulogy’s mission is to bring transparency and visibility into the supply chain by allowing suppliers, manufacturers, and distributors to collaborate on one platform. Nulogy’s platform allows these companies to work together and adapt to changing conditions, cut costs, and increase the efficiency of their supply chain operations.
With over 100 companies using its platform across more than 20 countries, Nulogy plans to use this funding to accelerate the growth of its platform.