When was LogicSource founded?

LogicSource was founded in 2009 and raised its 1st funding round within a year of its incorporation.

Where is LogicSource located?

LogicSource is headquartered in Norwalk, United States. It is registered at Norwalk, Connecticut.

Who is the current CEO of LogicSource?

David F Pennino of LogicSource.

How many employees does LogicSource have?

As of Mar 31, 2026, the latest employee count at LogicSource is 426.

Is LogicSource a funded company?

LogicSource is a funded company, having raised a total of $206M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Oct 28, 2009.

When was the latest funding round of LogicSource?

LogicSource's latest funding was a $***** Series C round on Apr 07, 2022, with participation from 1 investor. Its primary sector is SCM Software. In United States, the SCM Software sector has seen $628M in funding in 2026 to date.

Where does LogicSource rank among its competitors?

LogicSource ranks 28th amongst 843 active competitors, of which 138 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Zaggle, which secured $1.65M in Dec, 2025.

Who are the top competitors of LogicSource?

LogicSource's top competitors include Coupa, Zaggle and Bizongo. Among them, Zaggle secured the most recent funding round in December, 2025.

LogicSource - 2026 Company Profile, Team, Funding & Competitors

Company Details

Offers cloud-based sourcing and procurement solution. The company specializes in providing cloud-based total sourcing and procurement solutions. The company offers tactical, strategic sourcing, complex category and transaction management, procurement, and trafficking solutions. It provides OneMarket, cloud-based procurement automation, management, and measurement solution. Additionally, the company offers technology, advisory, and co-sourcing solutions. It caters to retail, consumer packaged goods, finance, insurance, travel, leisure, and healthcare industries.

Website: logicsource.com
Social
Registered Address: Norwalk, Connecticut

Key Metrics

Founded Year

2009

Location

Norwalk, United States

Stage

Series C

Total Funding

$206M in 5 rounds

Latest Funding Round

Series C, Apr 07, 2022, $*****

Investors

FTV Capital & 5 more

Ranked

28^th among 843 active competitors

Employee Count

426 as on Mar 31, 2026

Similar Companies

Coupa & 608 more

View LogicSource's full profile

LogicSource is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LOGICSOURCE, INC. CIN: 689186 , United States, Active	Oct 25, 2021	-	-	-
LOGICSOURCE INC CIN: 270630752 , United States, Active	Dec 31, 1999	-	332 (As on Dec 31, 2024)	-

LogicSource has raised a total funding of $206M over 5 rounds. Its first funding round was on Oct 28, 2009. Its latest funding round was a Series C round on Apr 07, 2022 for $*****. 1 investor participated in its latest round. LogicSource has 6 institutional investors.

Here is the list of recent funding rounds of LogicSource:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 07, 2022	2860263	Series C	9988618	8445062	9723780	9594781
Oct 14, 2020	5290968	Series B	3290088	7523151	7462841	2984796
Nov 27, 2013	3616117	Series B	5644610	4858450	6305699	3430062

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View details of LogicSource's funding rounds and investors

The founders of LogicSource is David F Pennino.

Here are the details of LogicSource's key team members:

David F Pennino: Founder & CEO of LogicSource and founder of 1 other company.

LogicSource's Board of Directors

LogicSource's board has 31 active members. Jeff Schwartz, James Nahirny, Jeff Schwartz, John Connolly, Manny Fernandez, Timothy Johnson, David Howe, Robert Howe, Hank Holland, Gordon Rausser, Phil Schoonmaker, B. Douglas Morriss, Nicole Heim, Bloomberg C. Jeffery, Nicole Burger, Jeffrey C. Bloomberg, Michael Krupka, Jeffrey C Bloomberg, Stephen Mucchetti, DAN BALLEN, Chris Skillin, Steve Macri, Randy Christofferson, DOUG MORRISS, Ken Hamlet, Jeffrey Stiefler, DAVID PENNINO, David F. Pennino, Michael Fleisher, Gregory Hunt and Jeffrey Steifler are independent board members.

Here is the list of LogicSource's board of directors:

Name	Type	Representing	Status	Duration
Jeff Schwartz	Independent board member	-	Current	16y 8m
ydizjmx	Independent board member	-	Current	9y 3m
{jeqeez	Independent board member	-	Current	7y 3m
wqphsgr	Independent board member	-	Current	3y 6m
agweyza	Independent board member	-	Current	7y 5m
syjuwms	Independent board member	-	Current	9y 5m
oxsnvef	Independent board member	-	Current	9y 8m
kxigvox	Independent board member	-	Current	7y 5m
mswdxam	Independent board member	-	Current	7y 5m
xrbgphy	Independent board member	-	Current	9y 9m
siwxytj	Independent board member	-	Current	9y 5m
qebuvt{	Independent board member	-	Current	5y 4m
ujq{hld	Independent board member	-	Current	3y 4m
weheduz	Independent board member	-	Current	7y 6m
atopcvv	Independent board member	-	Current	9y 5m
mebxety	Independent board member	-	Current	8y 7m
nexmuxc	Independent board member	-	Current	3y 9m
wkhyqwk	Independent board member	-	Current	8y 9m
kvlkvfs	Independent board member	-	Current	8y 3m
oepdrl{	Independent board member	-	Current	6y 6m
lkmeivh	Independent board member	-	Current	3y 3m
jlvejar	Independent board member	-	Current	9y 4m
imoddhk	Independent board member	-	Current	3y 1m
{vpdiiv	Independent board member	-	Current	6y 3m
qzxajex	Independent board member	-	Current	7y 8m
lrjmtni	Independent board member	-	Current	4y 1m
hvwwrbw	Independent board member	-	Current	4y 2m
tnjqhau	Independent board member	-	Current	7y 2m
ltyditg	Independent board member	-	Current	1y 9m
jigaq{l	Independent board member	-	Current	1y 7m
kugnadc	Independent board member	-	Current	5y 9m

View details of LogicSource's Founder profiles and Board Members

LogicSource's employee count trend

LogicSource has 426 employees as of Mar 26. Here is LogicSource's employee count trend over the years:

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Top competitors of LogicSource include Coupa, Zaggle and Bizongo. Here is the list of Top 10 competitors of LogicSource, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coupa 2006, San Mateo (United States), Acquired	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	$169M	Meritech, T. Rowe Price & 18 others	87/100
2nd	Zaggle 2011, Mumbai (India), Public	Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows	$13.7M	Mavericks, Bengal Finance and Investment ... & 33 others	83/100
3rd	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Accel, AddVentures & 30 others	77/100
4th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	RRE Ventures, American Express & 7 others	75/100
5th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, G Squared & 23 others	73/100
6th	Airbase 2017, San Francisco (United States), Acquired	Provider of a platform integrating human resources, finance, and information technology	$91M	Menlo Ventures, First Round Capital & 21 others	72/100
7th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	69/100
8th	Procurify 2012, Vancouver (Canada), Series C	SaaS-enabled end-to-end spend management software	$82.5M	Information Venture Partners, Ten Coves Capital ... & 22 others	69/100
9th	Vertice 2021, London (United Kingdom), Series C	AI-powered platform for modern finance and procurement teams	$101M	83NORTH, Bessemer Venture Partners & 10 others	68/100
10th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, Menlo Ventures & 16 others	68/100
28th	LogicSource 2009, Norwalk (United States), Series C	Offers cloud-based sourcing and procurement solution	$206M	Saints Capital, Hercules Capital & 4 others	58/100