Top 11 Venture Capital Firms for Supply Chain Management Startups

For founders in supply chain and logistics, knowing the right investors is a critical part of preparing to raise capital. Finding VCs who truly understand your specific area—from enterprise technology to automation—can make all the difference in your round.

To help, our team has created this overview of top supply chain venture capital firms. Think of it as a starting point for your investor research, designed to help you quickly identify the firms most relevant to your business.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. For teams moving fast, Rho also provides integrated business banking, corporate cards, and bill pay to help you manage your capital efficiently.

Key Takeaways

• For startups in supply chain, securing venture funding provides the capital to scale operations and offers important validation from industry experts.
• Leading venture firms with a focus on supply chain technology include Glasswing Ventures, Construct Capital, Ironspring Ventures, and XRC Ventures, all known for backing successful startups and small businesses.
• If you're a startup leader that's raising or has just closed a round, Rho helps you manage your capital with fast business banking, corporate cards, and bill pay.

Which VC Firms in Supply Chain Management Are Right for Your Stage?

Knowing the right investors to approach is important at every point in your company’s growth, from the earliest stages to a potential exit. Here is a brief overview of venture capital firms in supply chain management, organized by the stages at which they invest.

Pre-seed and Seed VC Firms in Supply Chain Management

Pre-seed and seed funding are the earliest stages of investment, designed to help you turn an idea into a viable business and find initial product-market fit. For founders in supply chain management, firms like Mu Ventures, REFASHIOND Ventures, and Construct Capital focus on providing this foundational capital.

Once you've secured that seed round, Rho's integrated platform—with business banking, corporate cards, and automated bill pay—helps you manage and deploy your new capital efficiently.

Early Stage VC Firms in Supply Chain Management

Early-stage venture capital, which includes Series A and Series B rounds, is for companies with demonstrated traction that need capital to scale operations and accelerate growth. Some of the top technology-focused venture capital firms investing at this stage include Glasswing Ventures, which backs AI-driven startups, and Ironspring Ventures, which specializes in industrial technology.

As you scale, Rho Capital can also connect you with non-dilutive funding options like venture debt, helping you extend your runway without giving up more equity.

Late Stage VC Firms in Supply Chain Management

Late-stage funding is for established companies with strong revenue streams that are preparing for a major expansion, acquisition, or an initial public offering (IPO). While many VCs focus on earlier rounds, firms like Working Capital and Cleveland Avenue are examples of investors that participate in deals for more mature supply chain companies.

It's also worth noting that some versatile firms, such as Schematic Ventures, invest across multiple stages, from seed to late-stage growth rounds.

To help you find the right investors, here is a more detailed overview of leading venture capital firms that specialize in supply chain management. We'll cover their investment stages, where they invest, and what makes each one a compelling choice for founders.

1. Glasswing Ventures

Based in Boston, Glasswing Ventures invests in early-stage startups applying AI and other advanced technologies to enterprise and cybersecurity markets. They focus on providing foundational capital to companies that are just starting to build momentum.

The firm shows a clear preference for companies with deep technical expertise, especially in AI applications for sectors like manufacturing and supply chain security. Their portfolio includes companies like Black Kite, a leader in third-party cyber-risk, and Zylotech, a customer-data platform that was acquired by Terminus.

This firm is an excellent match if you are a founder building an AI-first company for the enterprise or security sectors. After securing an early-stage round, Rho Capital can also help you access non-dilutive funding options to extend your runway without giving up more equity.

• Investment stages: Seed and early-stage venture
• Industries of focus: Artificial Intelligence (AI), Enterprise Software, Security, Supply Chain Management
• Geographical presence: Boston, MA
• Founded: 2016
• Notable investments: Black Kite, Basetwo AI, Zylotech
• Portfolio size: Over 70 investments

You can refer to their website here.

2. Construct Capital

Construct Capital provides funding to founders developing technology for the economy's most foundational industries. Based in Washington, D.C., the firm concentrates on seed and early-stage companies.

Their portfolio shows a focus on businesses modernizing sectors like manufacturing and logistics, with a track record of successful exits. Notable investments include the logistics platform Veho, which reached a $1.5 billion valuation, and Hadrian, an automated factory builder for the space industry.

This firm is a strong match if you are a founder building technology for core economic sectors like industrial automation or supply chain management. Once you secure funding, Rho’s integrated platform can help you manage and deploy your capital efficiently with business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Enterprise Software, Industrial Automation, Supply Chain Management
• Geographical presence: Washington, D.C.
• Founded: 2020
• Notable investments: Veho, Hadrian, The Rounds, Outgo, Copia
• Portfolio size: 42 investments

You can refer to their website here.

3. Ironspring Ventures

Based in Austin, Texas, Ironspring Ventures is a venture capital firm that invests in early-stage companies. They specialize in foundational sectors like construction, manufacturing, and logistics, leading and co-leading seed and early-stage rounds.

The firm takes an active role in its investments, often leading rounds for companies building digital infrastructure for legacy industries. Their portfolio includes ICON, a 3D-printed housing company, and Solvento, a fintech platform for the trucking industry in Latin America.

Ironspring is a good fit if you're a founder building technology for industrial applications, from transport and logistics to alternative energy. After you close a round with a firm like Ironspring, our integrated platform helps you manage your new capital with business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Construction, Manufacturing, Transport & Logistics, Alternative Energy
• Geographical presence: Austin, TX
• Founded: 2019
• Notable investments: ICON, Solvento, Wilya
• Portfolio size: 32 investments

You can refer to their website here.

4. XRC Ventures

XRC Ventures is a New York-based firm that functions as both a venture fund and a startup accelerator. They invest in companies creating new technologies for the retail, consumer goods, and consumer health sectors.

The firm's portfolio shows a strong interest in direct-to-consumer brands and sustainable technology, with a notable exit from the razor brand Billie. Their accelerator model suggests they offer hands-on support to help founders build their businesses from the ground up.

XRC Ventures is an ideal partner if you are building a company in retail tech, sustainable consumer goods, or personal health. Founders seeking both capital and operational guidance will find their accelerator-and-fund model particularly helpful.

After securing a round with a firm like XRC Ventures, our integrated platform helps you manage your new capital with business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Convertible Note, Debt
• Industries of focus: Retail Technology, Consumer Goods, Personal Health, Supply Chain Management
• Geographical presence: New York, NY
• Founded: 2015
• Notable investments: Billie, Snappy, MeliBio, Recurate, HILOS
• Portfolio size: Over 160 investments
• Model: Venture Capital and Startup Accelerator

You can refer to their website here.

5. Silicon Road Ventures

Silicon Road Ventures is an Atlanta-based firm that invests exclusively in commerce technology. They provide seed and early-stage funding to startups building the future of how people buy and sell goods.

The firm's portfolio shows a clear focus on companies digitizing the entire commerce value chain, from retail tech to supply chain management. Notable investments include Perch, an Amazon brand aggregator that reached a billion-dollar valuation, and SoftWear Automation, which develops autonomous sewing robots, both backed by the fund.

This firm is a great fit if you are a founder building technology for e-commerce, retail, or fintech at the seed or early stages. After securing a round, Rho’s integrated platform helps you manage your new capital with business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: E-Commerce, FinTech, Retail Technology, Software, Supply Chain Management
• Geographical presence: Atlanta, GA
• Founded: 2019
• Notable investments: Perch, SoftWear Automation, WeStock, SymTrain, SquarePeg
• Portfolio size: 37 investments

You can refer to their website here.

6. Cleveland Avenue

Cleveland Avenue is a Chicago-based venture capital firm that invests across a company's entire lifecycle. They support businesses from the earliest seed rounds all the way through to late-stage growth and private equity deals.

The firm has a clear focus on the food and beverage sector, along with related areas like AgTech, AI, and robotics. Their portfolio includes major successes like plant-based food company Beyond Meat and the AI-driven food-tech unicorn NotCo.

Cleveland Avenue is a compelling choice for founders in the food, beverage, and wellness industries, especially those using technology to innovate. For companies looking to extend their runway between funding rounds, Rho Capital can also provide access to non-dilutive financing options like venture debt.

• Investment stages: Convertible Note, Seed, Early Stage Venture, Late Stage Venture, Private Equity
• Industries of focus: Food and Beverage, AgTech, AI, Robotics, Supply Chain Management
• Geographical presence: Chicago, IL
• Founded: 2015
• Notable investments: Beyond Meat, NotCo, Bear Robotics, SparkCharge
• Portfolio size: Over 130 investments

You can refer to their website here.

7. Schematic Ventures

Schematic Ventures is a San Francisco-based firm that invests in companies building technology for industrial sectors. They support businesses across the supply chain, from logistics and manufacturing to warehouse automation.

The firm invests across multiple stages, from seed to late-stage rounds, and shows a preference for companies with deep technical expertise. Their portfolio includes the logistics unicorn Flock Freight and Outrider, a developer of autonomous yard trucks.

This makes Schematic Ventures a strong match for founders with a technical background building for industrial applications. For companies looking to extend their runway between funding rounds, Rho Capital can also provide access to non-dilutive financing options like venture debt.

• Investment stages: Seed, Convertible Note, Early Stage Venture, Late Stage Venture
• Industries of focus: Industrial Technology, Supply Chain Management, Logistics, Manufacturing, Warehouse Automation
• Geographical presence: San Francisco, CA
• Founded: 2017
• Notable investments: Flock Freight, Outrider, Altana AI
• Portfolio size: 60 investments

You can refer to their website here.

8. REFASHIOND Ventures

REFASHIOND Ventures is a New York-based firm that provides seed and early-stage capital to technology startups. Their core mission is to back companies that are fundamentally improving global supply chains.

The firm focuses on technology that modernizes supply chains, with a clear interest in sustainability and fintech applications. Their portfolio includes companies like Sunthetics, which uses AI for green chemistry, and Denim, a payments platform for the freight industry.

REFASHIOND is a strong fit if you are an early-stage founder building technology to solve problems in logistics, manufacturing, or sustainable production. Once you secure your seed round, our integrated platform helps you manage your new capital with business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Supply Chain Management, FinTech
• Geographical presence: New York, NY
• Founded: 2021
• Notable investments: Sunthetics, Simplifyber, Leaf Logistics, Denim, Parade
• Portfolio size: 25 investments

You can refer to their website here.

9. Working Capital

Working Capital is a venture fund based in Redwood City, California, that invests in companies from seed to late-stage rounds. The firm is focused on building more transparent, ethical, and sustainable global supply chains.

The firm’s portfolio shows a clear emphasis on technology that improves supply chain visibility and worker well-being. Their track record includes several successful acquisitions, such as the data-analytics platform SupplyShift and the worker-feedback tool Ulula, which signals a focus on building valuable, market-ready companies.

This firm is a compelling choice for founders developing technology to address risks and inefficiencies in global supply chains. For companies looking to extend their runway between funding rounds, Rho Capital can also provide access to non-dilutive financing options like venture debt.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Debt
• Industries of focus: Supply Chain Management, Financial Services
• Geographical presence: Redwood City, CA
• Founded: 2018
• Notable investments: SupplyShift, Ulula, Versed.AI (all acquired)
• Portfolio size: 23 investments

You can refer to their website here.

10. Tech Square Ventures

Tech Square Ventures is an Atlanta-based firm providing seed and early-stage capital. They concentrate on enterprise software, marketplaces, and tech-enabled service companies.

The firm invests in companies building foundational technology for enterprise and supply chain sectors. Their portfolio includes companies like Coros, whose tech tracked COVID-19 vaccines, and Saleo, a live-demo platform that secured a strong Series A.

This firm is a strong choice for early-stage founders building enterprise or platform technology, particularly those based in the Southeast. Once you secure funding, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy capital efficiently.

• Investment stages: Seed, early-stage venture, and convertible notes
• Industries of focus: Enterprise software, marketplaces, IoT, and supply chain management
• Geographical presence: Atlanta, GA
• Founded: 2014
• Notable investments: Saleo, Coros, Moth + Flame, Cloverly
• Portfolio size: 126 investments

You can refer to their website here.

11. Mu Ventures

Mu Ventures is a New York-based firm that provides pre-seed and seed capital to startups. They concentrate on "commerce enablement," funding the foundational technology for how businesses buy and sell goods.

The firm's portfolio shows a clear focus on B2B infrastructure, including payments platform Balance and automation tool Alloy Automation. Their successful exit with Qonsent also points to their ability to guide companies toward acquisition.

This firm is a strong choice for founders building software for e-commerce, payments, or supply chain management at the earliest stages. Once you secure your seed round, our integrated platform helps you manage new capital with business banking, corporate cards, and automated bill pay.

• Investment stages: Pre-seed, Seed, Early Stage Venture
• Industries of focus: Commerce Enablement, E-Commerce, FinTech, SaaS, Supply Chain Management
• Geographical presence: New York, NY
• Founded: 2022
• Notable investments: Balance, Alloy Automation, Qonsent
• Portfolio size: 20 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Supply Chain Management Companies

This overview of venture capital firms shows that investor interest in supply chain technology is strong, especially for companies at the earliest stages. The majority of firms on this list concentrate on pre-seed, seed, and Series A rounds, indicating a healthy appetite for new ideas that can modernize foundational industries.

While there are clusters in major hubs like New York and San Francisco, the presence of firms in Atlanta, Austin, and Chicago shows that you can find specialized investors across the country. The common thread is a focus on technology, whether it's AI, enterprise software, or fintech applications for logistics.

As you plan your next steps, remember that managing your funds is as important as raising them. Once you secure capital, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy it efficiently.

Raise Confidently with Rho

Having a focused list of relevant investors is invaluable when time and energy are limited during a fundraise. We hope this overview helps you identify the right partners for your supply chain company.

If you’re seeking funding, Rho Capital connects you to non-dilutive funding options like venture debt and credit lines through a fast, guided process. Once capital is secured, Rho provides integrated tools—business banking, corporate cards, and automated bill pay—to help you manage and deploy funds efficiently.

FAQs about Venture Capital Firms Focused on Supply Chain Management

Which Bay Area venture capital firms focus on supply chain?

Firms like Schematic Ventures are based in the Bay Area and invest in supply chain technology. Founders should research investors whose portfolio and industry focus, such as industrial automation or logistics, align with their own business model.

Are there European venture capital firms for supply chain startups?

Yes, Europe has a growing number of VCs focused on logistics and supply chain. Look for firms in hubs like London, Berlin, and Amsterdam that specialize in industrial technology and have a track record of backing European startups.

What do seed-stage supply chain VCs look for?

Seed-stage VCs want to see a strong founding team with deep industry knowledge and a clear vision for solving a specific supply chain problem. A compelling prototype or early customer interest can significantly strengthen your pitch.

Are there alternatives to supply chain venture capital firms?

Yes. Beyond equity, you can explore non-dilutive options. Rho Capital connects you with venture debt and credit lines, helping you extend your runway and grow without giving up more ownership, which is ideal for managing cash flow between funding rounds.

How can Rho help my startup during and after fundraising?

Rho provides a complete financial platform for founders. We connect you to non-dilutive funding through Rho Capital and help you manage it with integrated business banking, corporate cards, and automated bill pay. Get started with Rho.