Supply-chain solutions platform Nulogy collects $15m in funding

• Nulogy’s cloud-based platform provides solutions both for suppliers, including co-packers and contract manufacturers, and for the brands and manufacturers who trust these suppliers to function as a key part of their business operations
• The funds raised will be used for product innovations and to accelerate the growth of Nulogy’s multi-enterprise supply-chain solutions

Toronto-based Nulogy, a provider of cloud-based supply-chain solutions, has raised about $15 million (C$20 million) in financing.

The funding was provided by Export Development Canada, with incremental working capital coming from an unidentified Canadian bank.

Nulogy’s cloud-based platform provides solutions both for suppliers, including co-packers and contract manufacturers, and for the brands and manufacturers who trust these suppliers to function as a key part of their business operations. It enables companies to collaborate in near real-time to monitor and manage orders, to respond to rapidly changing conditions and to cut costs, increasing the quality and efficiency of their supply-chain operations.

The funds raised will be used for product innovations and to accelerate the growth of Nulogy’s multi-enterprise supply-chain platform and solutions.

“We’re excited to partner with EDC to continue innovating new capabilities to better serve our customers, while accelerating the growth of our network of users,” said Jason Tham, CEO and co-founder of Nulogy, in a statement. “As a provider of multi-enterprise solutions, the larger the number of users of our network, the greater the value for all users—so we’re very excited about the value this brings to our community of customers.”

Owned by the Canadian government, Export Development Canada is an export credit agency.