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Sourceful - About the company

Sourceful is a series A company based in London (United Kingdom), founded in 2020 by Shiran Zheng. It operates as a Provider of web-based sustainable sourcing platform. Sourceful has raised $31.8M in funding from Index Ventures. The company has 33 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Hoover's, Kite and Toshi.

Company Details

Sourceful provides a web-based sustainable sourcing platform. The platform helps businesses to customize their sustainable products, track carbon footprints, and make designs with real-time data. It also provides carbon offset and sustainability reports to upgrade sourcing and auto stocks. It helps in managing the business through supplier curation, aggregated logistics, and supply chain reliability.
Social
X
Key Metrics
Founded Year
2020
Location
Stage
Series A
Total Funding
$31.8M in 2 rounds
Latest Funding Round
Ranked
Employee Count
65 as on Sep 30, 2026
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Sourceful's funding and investors

Sourceful has raised a total funding of $31.8M over 2 rounds. Its first funding round was on Sep 13, 2021. Its latest funding round was a Series A round on Mar 29, 2022 for $*****. 3 investors participated in its latest round. Sourceful has 9 institutional investors and 31 angel investors.

Here is the list of recent funding rounds of Sourceful:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 29, 2022
3974283
Series A
6489748
9294120
6481700
5677562
Sep 13, 2021
3807683
Seed
5686806
1606270
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Sourceful's founders and board of directors

Founder? Claim Profile
The founders of Sourceful is Shiran Zheng. Wing Yung Chan is the CEO of Sourceful.
Here are the details of Sourceful's key team members:

Sourceful's Board of Directors

Sourceful's board has 3 active members. Shiran Zheng and Wing Yung Chan are part of team and Daniel Hillel Rimer is independent board member.
Here is the list of Sourceful's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
8y 6m
vghaulk
Team
-
Current
4y 1m
Independent board member
-
Current
5y 7m
dl{{qps
Independent board member
-
Past
3y 9m

Sourceful's employee count trend

Sourceful has 65 employees as of Sep 26. Here is Sourceful's employee count trend over the years:
Employee count trend for Sourceful
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Sourceful's Competitors and alternates

Top competitors of Sourceful include Hoover's, Kite and Toshi. Here is the list of Top 10 competitors of Sourceful, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Sourceful
Sourceful
2020, London (United Kingdom), Series A
Provider of web-based sustainable sourcing platform
$31.8M
54/100
2nd
Logo for Hoover's
Hoover's
1990, Austin (United States), Acquired
Business listing portal
$20.7M
44/100
3rd
Logo for Kite
Kite
2001, Coventry (United Kingdom), Unfunded
E-distributor offering multi-category packaging products
-
-
38/100
4th
Logo for Toshi
Toshi
2015, London (United Kingdom), Deadpooled
Provider of last-mile delivery services for fashion web stores
$9.87M
34/100
5th
Logo for Ideon
Ideon
2013, Hyde (United Kingdom), Unfunded
E-distributor of packaging solutions
-
-
30/100
6th
Logo for We Are Pop Up
We Are Pop Up
2012, Bristol (United Kingdom), Seed
Short-term retail marketplace
$636K
30/100
7th
Logo for Tiny Box Company
Tiny Box Company
2007, Uckfield (United Kingdom), Unfunded
Provider of wholesale gift boxes, jewellery packaging, and related packaging accessories
-
-
29/100
8th
Logo for Priory
Priory
1989, Kent (United Kingdom), Early Stage
Online distributor of packaging supplies
$337K
28/100
9th
Logo for Ampulla
Ampulla
2006, Hyde (United Kingdom), Unfunded
Online supplier of packaging products
-
-
24/100
10th
Logo for The Vacuum Pouch
The Vacuum Pouch
1990, Bury (United Kingdom), Unfunded
E-distributor of packaging products & services
-
-
24/100
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Sourceful's Investments and acquisitions

Sourceful has made no investments or acquisitions yet.

Reports related to Sourceful

Here is the latest report on Sourceful's sector:

News related to Sourceful

Media has covered Sourceful for 1 event in last 1 year, It was about partnerships.
•
Sourceful launches AI tool for packaging designPrintweek•Aug 30, 2023•Sourceful
•
Sourceful launches new paper pouch to rival plastic packsPackaging News•Jan 09, 2023•Sourceful
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