Top 11 Venture Capital Firms for Supply Chain Management Startups

For founders in supply chain and logistics, preparing to raise capital means knowing who to talk to. Understanding which venture capital firms specialize in your industry is a key first step.

That's why our team created this guide. It’s a curated overview of the top VCs investing in supply chain technology, designed to help you find the right partners for your startup.

Just raised, or about to? Set up your financial stack with Rho in minutes. We provide business banking, corporate cards, and bill pay—all built for startup teams moving fast.

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

Whether your company is in its early days or preparing for an exit, knowing the right investors to contact is key.

Here’s a quick overview of venture capital firms that invest in supply chain technology, broken down by stage.

Pre-seed and Seed VC Firms in Supply Chain Management

This stage is for when you are just starting out, often with an idea or a minimum viable product, and need capital to build an initial team and find product-market fit. Some technology-focused venture capital firms that invest at this stage include Construct Capital, REFASHIOND Ventures, and Ironspring.

Early Stage VC Firms in Supply Chain Management

Early-stage funding, typically Series A and B, is for when your company has demonstrated traction and needs to scale operations and accelerate growth. For founders in supply chain and logistics, firms like Glasswing Ventures, Schematic Ventures, and Tech Square Ventures are active early-stage investors.

Late Stage VC Firms in Supply Chain Management

Late-stage rounds support your company as it expands into new markets, makes acquisitions, or prepares for an IPO. Venture capital firms that participate in later stages for supply chain companies include Cleveland Avenue and Working Capital.

It's also worth noting that many firms invest across multiple stages, from seed to growth.

Below is a more detailed overview of top VC firms that focus on the supply chain sector. We've included key details for each, such as their investment stages, geographic focus, and what makes them a strong potential partner for founders.

1. Glasswing Ventures

Glasswing Ventures is an early-stage venture capital firm that backs startups using AI and other advanced technologies. Their focus is on improving enterprise and cybersecurity markets.

The firm has a clear focus on technically complex B2B software, particularly in AI-driven security and automation. Their portfolio includes companies like Black Kite, a leader in supply chain cyber-risk, signaling a strong interest in the sector.

This firm could be a great partner if you are an early-stage founder building a company with deep technical foundations in AI. They are particularly relevant for startups targeting enterprise or security applications within the supply chain.

• Investment stages: Early-stage, seed, and venture rounds
• Industries of focus: AI, enterprise software, cybersecurity, and supply chain management
• Geographical presence: Based in Boston, Massachusetts
• Founded year: 2016
• Notable portfolio companies: Black Kite, Basetwo AI, Allure Security
• Number of investments: 71

You can refer to their website here.

2. Construct Capital

Construct Capital invests in founders building technology for the economy's most foundational industries. They focus on modernizing sectors that form the backbone of how goods and services move.

The firm concentrates on early-stage and seed investments, with a clear interest in supply chain and industrial automation. Their portfolio includes companies like Veho, a logistics platform that became a unicorn after its Series A and reached a $1.5 billion valuation, and Hadrian, which builds automated factories for the space and defense industries.

This firm is a strong potential partner if you are an early-stage founder creating technology for core sectors. They are a good match for companies aiming to improve foundational industries with software and automation.

• Investment stages: Early-stage and seed
• Industries of focus: Foundational industries, including supply chain management, industrial automation, and enterprise software
• Geographical presence: Based in Washington, D.C.
• Founded year: 2020
• Notable portfolio companies: Veho, Hadrian, The Rounds
• Number of investments: 42

You can refer to their website here.

3. Ironspring Ventures

Ironspring Ventures is an early-stage venture firm that invests in companies modernizing industrial sectors. They focus on areas like construction, manufacturing, transport, and logistics.

The firm often leads or co-leads seed and early-stage rounds, showing a commitment to its portfolio companies from the start. Their investments, such as in fintech for trucking payments and workforce SaaS for manufacturing, highlight a focus on digital tools for legacy industries.

This firm could be a good fit if you are an early-stage founder building technology for core industrial markets. They are a strong potential partner for companies creating digital solutions for sectors like transportation and manufacturing.

• Investment stages: Early-stage and seed
• Industries of focus: Construction, manufacturing, transport & logistics, and alternative energy
• Geographical presence: Based in Austin, Texas
• Founded year: 2019
• Notable portfolio companies: ICON, Solvento, Wilya
• Number of investments: 32

You can refer to their website here.

4. XRC Ventures

XRC Ventures is a venture firm and startup accelerator that invests in the next generation of companies across retail, consumer goods, and consumer healthtech.

The firm operates a dual model, providing both capital and hands-on support through its accelerator program. Their portfolio shows a clear focus on the entire consumer ecosystem, from direct-to-consumer brands like Billie to supply chain innovators like HILOS, a 3D-printed footwear manufacturer.

XRC Ventures is a strong potential partner for founders building companies that touch how people shop, what they buy, and how they live. Their accelerator model makes them particularly well-suited for early-stage teams seeking structured guidance and industry connections.

• Investment stages: Seed, early-stage, and venture rounds, with accelerator support
• Industries of focus: Retail tech, consumer goods, consumer health, and supply chain management
• Geographical presence: Based in New York, NY
• Founded year: 2015
• Notable portfolio companies: Billie, Snappy, MeliBio, Recurate
• Number of investments: 166

You can refer to their website here.

5. Silicon Road Ventures

Silicon Road Ventures is a venture capital firm that invests exclusively in commerce technology. Their focus is on startups building the future of how people buy and sell goods.

The firm concentrates on seed and early-stage companies, providing capital to businesses at their foundational stages. Their portfolio includes companies like Perch, an Amazon brand aggregator that reached a unicorn valuation, and SquarePeg, an HR-tech startup that recently closed its seed round.

This firm is a strong match if you are an early-stage founder in retail tech, e-commerce, or supply chain management. Their specific focus on commerce suggests they offer deep industry knowledge and connections.

• Investment stages: Early-stage and seed
• Industries of focus: Commerce tech, retail technology, and supply chain management
• Geographical presence: Based in Atlanta, Georgia
• Founded year: 2019
• Notable portfolio companies: Perch, SoftWear Automation, WeStock, SymTrain
• Number of investments: 37

You can refer to their website here.

6. Cleveland Avenue

Cleveland Avenue is a venture capital firm that invests across all stages, from seed to late-stage rounds. They concentrate on the food and beverage sector, along with the technologies that support it, like AI and robotics.

A key feature of the firm is its broad investment range, allowing it to support companies throughout their growth. Their portfolio includes well-known brands like Beyond Meat and NotCo, signaling a strong track record in food-tech and consumer products.

This firm is a strong potential partner for founders in the food, beverage, and wellness spaces, particularly those using technology to innovate. They are also a good match for companies looking for a long-term investor who can participate in multiple funding rounds.

• Investment stages: Seed, early-stage, late-stage, and growth
• Industries of focus: Food and beverage, AgTech, AI, robotics, and supply chain management
• Geographical presence: Based in Chicago, Illinois
• Founded year: 2015
• Notable portfolio companies: Beyond Meat, NotCo, Bear Robotics, SparkCharge
• Number of investments: 136

You can refer to their website here.

7. Schematic Ventures

Schematic Ventures is an early-stage venture capital firm that invests in companies building technology for the industrial sector. They focus on startups that are digitizing supply chains, manufacturing, and logistics.

The firm has a clear focus on industrial technology, backing companies that automate complex physical processes. Their portfolio includes Flock Freight, a logistics startup that became a unicorn, and Outrider, which develops autonomous yard-truck systems.

This firm is a strong potential partner if you are an early-stage founder building technology for industrial applications. They are a good fit for companies focused on supply chain, logistics, and manufacturing automation.

• Investment stages: Seed, early-stage, and late-stage venture rounds
• Industries of focus: Industrial technology, supply chain management, logistics, and manufacturing
• Geographical presence: Based in San Francisco, California
• Founded year: 2017
• Notable portfolio companies: Flock Freight, Outrider, Altana AI
• Number of investments: 60

You can refer to their website here.

8. REFASHIOND Ventures

REFASHIOND Ventures is an early-stage firm that invests in technology companies aiming to modernize global supply chains. They back founders who are building new systems for how goods are made, moved, and financed.

The firm has a distinct focus on seed and early-stage startups that are transforming foundational industries. Their portfolio includes companies like Simplifyber, which develops zero-waste 3D-printed apparel, and Denim, a fintech platform for freight brokers.

This firm is a strong potential partner if you are an early-stage founder with a targeted technology for the supply chain. Their specific focus suggests they bring deep industry knowledge for companies tackling complex logistics and manufacturing challenges.

• Investment stages: Early-stage and seed
• Industries of focus: Supply chain management, industrial technology, and fintech
• Geographical presence: Based in New York, NY
• Founded year: 2021
• Notable portfolio companies: Simplifyber, Denim, Leaf Logistics, Parade
• Number of investments: 25

You can refer to their website here.

9. Working Capital

Working Capital is a venture fund that invests in scalable solutions designed to improve corporate supply chains. They back companies that build tools to promote transparency and protect vulnerable workers.

The firm has a clear focus on technologies that create more ethical and resilient supply chains. A key indicator of their success is that several portfolio companies, including the worker-feedback platform Ulula, have been acquired, showing strong market demand for their solutions.

This firm is a great match for founders building tools for supply chain visibility, risk management, and worker engagement. Their ability to invest across multiple stages makes them a potential long-term partner for growing companies.

• Investment stages: Seed, early-stage, late-stage, and debt
• Industries of focus: Ethical supply chains, financial services, and worker well-being
• Geographical presence: Based in Redwood City, California
• Founded year: 2018
• Notable portfolio companies: SupplyShift, Ulula, Versed.AI
• Number of investments: 23

You can refer to their website here.

10. Tech Square Ventures

Tech Square Ventures is an Atlanta-based, early-stage venture fund that invests in enterprise software, marketplaces, and tech-enabled services. They focus on providing seed and early-stage capital to help companies build and scale.

The firm shows a strong focus on enterprise and platform technologies, backing companies that solve complex operational challenges. Their investment in Coros, whose tech tracked COVID-19 vaccine shipments, highlights their interest in critical supply chain and logistics solutions.

This firm is a strong potential partner for early-stage founders building enterprise or platform-based companies, particularly those based in the Southeast. They are a good match if your startup focuses on logistics, IoT, or developer tools.

• Investment stages: Seed and early-stage venture
• Industries of focus: Enterprise software, marketplaces, supply chain management, and IoT
• Geographical presence: Based in Atlanta, Georgia
• Founded year: 2014
• Notable portfolio companies: Coros, Saleo, Moth + Flame
• Number of investments: 126

You can refer to their website here.

11. Mu Ventures

Mu Ventures is a New York-based venture capital firm that invests in commerce enablement at the pre-seed and seed stages. They concentrate on startups building the foundational technology for how businesses buy and sell goods.

The firm has a clear focus on the infrastructure layer of commerce, backing companies that provide critical B2B payments and automation tools. Their portfolio includes Balance, a B2B payments platform that raised a $56 million Series B, and Alloy Automation, a no-code tool that secured a $20 million Series A.

This firm is a strong potential partner if you are a pre-seed or seed-stage founder building technology for the e-commerce ecosystem. They are a good fit for companies creating software or platforms that enable retail and B2B commerce.

• Investment stages: Pre-seed, seed, and early-stage venture
• Industries of focus: E-commerce, retail technology, SaaS, and supply chain management
• Geographical presence: Based in New York, NY
• Founded year: 2022
• Notable portfolio companies: Balance, Alloy Automation, Qonsent
• Number of investments: 20

You can refer to their website here.

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

This review of venture firms shows strong investor interest in supply chain technology, with a clear emphasis on the early stages. The majority of firms on this list concentrate on pre-seed, seed, and Series A rounds, indicating there is significant support for founders building a company from the ground up.

It's also clear that investment isn't limited to one or two tech hubs. With firms in cities from Atlanta to Austin, you have options across the country. This variety extends to investment focus—from AI and automation to ethical sourcing—which improves your chances of finding a partner whose expertise aligns with your specific goals.

Raise Confidently with Rho

Having a focused list of investors is critical when your time and energy are limited. It allows you to direct your efforts toward the firms most likely to understand your vision.

Once you secure funding, the work of building your company accelerates. If you’ve just raised, Rho can help you set up your financial stack in minutes.

We provide business banking, corporate cards, and bill pay in one platform. Our tools are built to help you manage your new capital efficiently from day one.

FAQs about Venture Capital Firms Focused on Supply Chain Management

Are there supply chain venture capital firms outside the US?

Yes, many international firms focus on this sector. European and Asian markets have active investors funding logistics and manufacturing technology, offering global opportunities for founders seeking capital beyond North America.

What defines an early-stage supply chain VC investment?

Early-stage funding, typically Series A or B, is for companies with proven market traction. It helps you scale operations, expand your team, and accelerate growth after finding your initial product-market fit.

Do VCs only fund supply chain software companies?

No, many firms also back hardware and industrial technology. Investors are interested in robotics, automation, and other physical innovations that improve manufacturing, transportation, and logistics, not just SaaS platforms.

How do I find the right logistics VC firms for my startup?

Research firms that match your stage, industry focus, and geographic area. Review their current portfolio to see if they have invested in similar companies. This alignment increases your chances of finding a good partner.

What do supply chain VCs look for in a pitch?

Investors want to see a clear problem, a scalable solution, and a strong founding team. Demonstrate your market knowledge, show early traction or a solid plan, and explain your competitive advantage.

How can Rho help after I secure funding?

Once you've raised capital, our platform helps you manage it effectively. We offer integrated business banking, corporate cards, and automated bill pay, all designed to support your company's growth from day one. Get started with Rho.