Lytica Raises Over $13M in Series A Funding
Lytica, an Ottawa, ON, Canada-based provider of an electronic component spend analytics and risk intelligence platform, raised $13M in Series A funding.
The round was led by Resolve Growth Partners, with participation from York IE.
The company intends to use the funds to accelerate product and platform innovation, continue growing its team of specialists, and foster industry partnerships.
Led by CEO Martin Sendyk, Lytica is an electronic component spend analytics and risk intelligence company that uses real customer data to help organizations make their supply chain more cost transparent, resilient, and predictable. Its advanced electronic component market intelligence platform employs machine learning and AI to analyze real-world pricing data, offering true market insights to reduce costs and mitigate supply chain risk. The company’s models use real pricing data, providing accurate and timely insights tailored to each client’s unique situation. Fortune 500 and blue chip companies around the world use it.
Lytica Raises Over $13M in Series A Funding. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business. For any rectifications, reach out to email@example.com