Top 11 Venture Capital Firms for Supply Chain Management Startups
We've identified the top VCs for supply chain startups. Find your funding partner, and then use our tools to manage your new capital with confidence.
Rho Editorial Team
When you’re preparing to raise capital, finding investors who genuinely understand your business is crucial. For founders in supply chain management, logistics, or manufacturing tech, this means connecting with VCs who recognize the unique challenges and opportunities in your industry.
To help you identify the right partners, our team has curated this overview of top venture capital firms active in the space. This guide is designed to give you a quick look at relevant investors so you can focus your fundraising efforts effectively.
Rho provides access to business banking, corporate cards, and bill pay — built for startup teams moving fast.
Key Takeaways
Securing venture funding from investors who specialize in supply chain technology gives you a strategic partner who understands your industry’s specific challenges and growth potential.
Firms like Glasswing Ventures, Construct Capital, Ironspring Ventures, and XRC Ventures are notable backers of startups focused on supply chain management and logistics.
Once you’ve closed a round, Rho helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.
Which VC Firms in Supply Chain Management Are Right for Your Stage?
From early-stage funding to exit strategies, it's important to know who to have conversations with. We've put together an overview of VC firms specializing in supply chain management, broken down by their investment stages.
Pre-seed and Seed VC Firms in Supply Chain Management
Pre-seed and seed funding are the earliest forms of capital, typically used to validate an idea, build a minimum viable product, and make initial hires. For founders in supply chain tech, firms like REFASHIOND Ventures, Mu Ventures, and Ironspring Ventures are active at this foundational stage.
Early Stage VC Firms in Supply Chain Management
Early-stage funding, which includes Series A and B rounds, is for startups with proven traction that need capital to scale their team, product, and go-to-market strategy. Some notable early-stage venture capital firms in this space are Construct Capital and Glasswing Ventures, both of which back companies transforming foundational industries.
Late Stage VC Firms in Supply Chain Management
Late-stage rounds provide growth capital for established companies to expand into new markets, make acquisitions, or prepare for an exit. If your company has reached this level of maturity, you might connect with investors such as Schematic Ventures or Cleveland Avenue.
Keep in mind that some VC firms invest across multiple funding stages. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
To help you find the right partner, here is a more detailed overview of top VC firms investing in supply chain technology. We've gathered key information on their investment stages, geographic focus, and what makes each firm a noteworthy option for founders.
1. Glasswing Ventures
Based in Boston, Glasswing Ventures is an early-stage firm that backs startups using artificial intelligence and frontier technology to serve the enterprise and cybersecurity markets. Once you secure funding, our team at Rho can help you manage the new capital with integrated business banking, corporate cards, and automated bill pay.
The firm has a clear focus on deep tech, with portfolio companies like Black Kite, a leader in third-party cyber risk, and Basetwo AI, which helps manufacturing engineers build digital twins. Their investments show a preference for companies building foundational, AI-powered platforms rather than simple applications.
This firm could be a great partner if you are a founder building an AI-native company at the seed or early stage. They are a strong match for startups in the enterprise, security, or manufacturing tech sectors.
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 portfolio companies: Black Kite, Basetwo AI, Allure Security
Portfolio size: 71 investments
You can refer to their website here.
2. Construct Capital
Construct Capital invests in founders building technology to modernize core sectors of the economy. Based in Washington, D.C., the firm focuses on foundational industries like manufacturing and logistics.
The firm backs companies with ambitious goals, such as Hadrian, which is developing automated factories for the space industry. Another notable investment is Veho, a logistics platform that reached a $1.5 billion valuation, showing Construct’s ability to support high-growth companies.
This firm is a strong choice for early-stage founders building for industrial automation or supply chain management. After you close a round, our team at Rho can help you manage the new capital with integrated banking, cards, and bill pay.
Investment stages: Seed and early-stage venture
Industries of focus: Enterprise Software, Industrial Automation, Supply Chain Management
Geographical presence: Washington, D.C.
Founded: 2020
Notable portfolio companies: Veho, Hadrian, 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 sectors like construction, manufacturing, transport and logistics, and alternative energy.
The firm often leads or co-leads seed and early-stage rounds, showing a commitment to taking an active role from the beginning. Their portfolio includes ICON, a 3D-printed housing company, and Solvento, a fintech platform for the Latin-American transportation sector.
Ironspring is a good fit if you are a founder building technology for core industrial sectors and need a lead investor for your seed round. After you secure funding, our team at Rho can help you manage the new capital with integrated business banking, corporate cards, and automated bill pay.
Investment stages: Seed and early-stage venture
Industries of focus: Construction, Manufacturing, Transport & Logistics, Alternative Energy
Geographical presence: Austin, TX
Founded: 2019
Notable portfolio companies: 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 and accelerator that invests in retail tech, consumer goods, and consumer healthtech. They operate at the intersection of consumer trends and technology, backing companies that are reshaping how people shop and live.
The firm has a track record of supporting high-growth companies, including the corporate gifting platform Snappy, which reached unicorn status. Their portfolio also features a notable exit with the D2C razor brand Billie, showing their ability to guide companies to successful outcomes.
XRC Ventures is a great match for founders building in the consumer space, particularly in retail or health tech. Once you secure funding, our team at Rho can help you manage the new capital with integrated business banking, corporate cards, and automated bill pay.
Investment stages: Seed, early-stage venture, convertible notes
Industries of focus: Retail Tech, Consumer Goods, Consumer Healthtech, Supply Chain Management
Geographical presence: New York, NY
Founded: 2015
Notable portfolio companies: Billie, Snappy, MeliBio
Portfolio size: 166 investments
You can refer to their website here.
5. Silicon Road Ventures
Based in Atlanta, Silicon Road Ventures is a venture capital firm that concentrates exclusively on commerce technology. They primarily back companies at the seed and early stages, helping them build and scale their solutions.
The firm's portfolio highlights a clear interest in companies reshaping e-commerce and retail, from brand aggregation to manufacturing automation. A key investment is Perch, an Amazon FBA brand aggregator that reached a unicorn valuation, demonstrating the firm's ability to back high-growth commerce-tech startups.
This firm is a strong fit for founders developing technology for e-commerce, retail, or supply chain management. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
Investment stages: Seed and early-stage venture
Industries of focus: E-Commerce, FinTech, Retail Technology, Supply Chain Management
Geographical presence: Atlanta, GA
Founded: 2019
Notable portfolio companies: Perch, SoftWear Automation, WeStock
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 the full company lifecycle, from seed to later-stage rounds. They have a strong focus on the food and beverage, technology, and lifestyle sectors. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
The firm’s broad investment mandate, which includes private equity, sets it apart and signals its capacity to be a long-term partner. Their portfolio features high-profile companies like Beyond Meat and the AI-driven food-tech unicorn NotCo, highlighting their success in backing transformative consumer brands.
This firm is a strong potential partner for founders at almost any stage, especially those building companies in food tech, ag-tech, or robotics. Their experience guiding brands to significant exits makes them a valuable ally for ambitious teams.
Investment stages: Seed, early-stage, late-stage venture, private equity, convertible note
Industries of focus: Food and Beverage, AgTech, E-Commerce, AI, Robotics, Supply Chain Management
Geographical presence: Chicago, IL
Founded: 2015
Notable portfolio companies: Beyond Meat, NotCo, Bear Robotics, SparkCharge
Portfolio size: 136 investments
You can refer to their website here.
7. Schematic Ventures
Schematic Ventures is a San Francisco-based firm that invests in early-stage industrial technology. They focus on companies building foundational tech for sectors like manufacturing, logistics, and supply chain management.
The firm backs startups that digitize and automate physical industries. Their portfolio includes Flock Freight, a shared-truckload logistics company that became a unicorn, and Outrider, a developer of autonomous yard-truck systems.
This firm is a good match for founders building technology for industrial automation or supply chain efficiency. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
Investment stages: Seed, early-stage, and late-stage venture, convertible notes
Industries of focus: Manufacturing, Logistics, Supply Chain Management, Warehouse Automation, Electronics
Geographical presence: San Francisco, CA
Founded: 2017
Notable portfolio companies: 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 invests in early-stage technology companies working to improve global supply chains. They focus on providing foundational capital to startups at the seed and early stages.
The firm’s portfolio shows a clear interest in startups using technology to create more efficient and sustainable systems. Notable investments include Denim, a freight-fintech platform that raised a $126 million Series B, and Simplifyber, which develops zero-waste 3D-printed apparel.
This firm is a strong choice for founders building technology to modernize supply chains, particularly in freight-tech, fintech, or sustainable manufacturing. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
Investment stages: Seed and early-stage venture
Industries of focus: Supply Chain Management, Finance
Geographical presence: New York, NY
Founded: 2021
Notable portfolio companies: Denim, Leaf Logistics, Simplifyber, 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 that invests in early-stage companies building more transparent and ethical supply chains. They support startups from seed to later stages, aiming to improve labor practices globally through technology.
The firm has a clear focus on tools that drive supply chain visibility and accountability, with a strong track record of successful exits. Portfolio companies like SupplyShift, Ulula, and Versed.AI were all acquired, demonstrating the fund's ability to back companies with clear market demand.
This firm is a great fit for founders developing technology to address risk and ethics in global supply chains. If you are building a platform for worker engagement or supply chain mapping, their expertise could be a significant asset. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
Investment stages: Seed, early-stage, late-stage venture, debt
Industries of focus: Financial Services, Supply Chain Management
Geographical presence: Redwood City, CA
Founded: 2018
Notable portfolio companies: 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 that invests in seed and early-stage companies. They focus on enterprise software, marketplace platforms, and tech-enabled services.
The firm backs companies with strong enterprise or government validation, such as Coros, whose technology was used to monitor COVID-19 vaccines for Operation Warp Speed. Their portfolio also includes Moth + Flame, a VR training platform adopted by the U.S. Air Force, showing a clear interest in startups with large-scale applications.
This firm is a good match for founders building enterprise or platform technology who can demonstrate early market traction. Once you secure funding, our team at Rho can help you manage the new capital with integrated business banking, corporate cards, and automated bill pay.
Investment stages: Seed, early-stage venture, and convertible notes
Industries of focus: Enterprise, Marketplace, Logistics, Supply Chain Management, Internet of Things
Geographical presence: Atlanta, GA
Founded: 2014
Notable portfolio companies: Saleo, Coros, Moth + Flame
Portfolio size: 126 investments
You can refer to their website here.
11. Mu Ventures
Mu Ventures is a New York-based firm that invests in commerce enablement companies at the pre-seed and seed stages. They provide foundational capital to startups building the next generation of e-commerce infrastructure.
The firm’s focus is on startups building infrastructure for e-commerce, from payments to automation. Their portfolio includes Balance, a B2B payments platform that raised a $56 million Series B, and Alloy Automation, a no-code platform that secured a $20 million Series A.
This firm is a good fit for founders at the pre-seed or seed stage who are building technology for the e-commerce and retail sectors. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
Investment stages: Seed and early-stage venture
Industries of focus: E-Commerce, Retail Technology, SaaS, Supply Chain Management
Geographical presence: New York, NY
Founded: 2022
Notable portfolio companies: Balance, Alloy Automation, Qonsent (acquired)
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 shows that investor interest in supply chain technology is robust, with a notable concentration at the early stages. The majority of firms on this list focus on pre-seed, seed, and Series A rounds, which is encouraging for founders who are just getting started or looking for their first institutional capital.
You’ll also find that investors in this space are not confined to a single region. While major hubs like New York and the Bay Area are well-represented, firms in Atlanta, Chicago, and Austin are also actively funding supply chain startups. This geographic diversity gives you more options when building your fundraising strategy. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
Raise Confidently with Rho
Fundraising requires significant time and focus. Having a targeted list of investors who understand your industry means you can direct your energy toward the conversations that matter most.
Once you've secured capital, the work of managing it begins. If you’ve just raised, Rho can help you set up your financial stack in minutes.
Our platform gives you the tools to deploy your new funding with confidence. We offer integrated business banking, corporate cards, and automated bill pay to help you manage cash flow efficiently.
FAQs about Venture Capital Firms Focused on Supply Chain Management
Which US cities are hubs for supply chain venture capital firms?
Key hubs for supply chain VCs include New York, the Bay Area, and Atlanta. You'll also find active firms in growing tech centers like Austin and Chicago, giving founders fundraising options across the country.
Are there VCs that focus only on AI in supply chain management?
Yes, some firms specialize in AI-native companies. These investors look for startups using artificial intelligence to solve fundamental problems in enterprise and manufacturing, offering deep expertise in addition to capital.
Do hardware venture capital firms invest in logistics?
Absolutely. Many industrial and deep tech VCs fund hardware startups in logistics and manufacturing. They back companies building robotics, autonomous vehicles, and other physical technologies that improve supply chain efficiency and automation.
How do I find the right supply chain VC for my startup?
Research firms that align with your stage, industry focus, and geographic location. Study their portfolios to see if they have invested in similar companies. A targeted approach is more effective than contacting a broad list of investors.
How can Rho help after I raise from a VC?
Once you’ve secured capital, our platform helps you manage it. Rho offers integrated business banking, corporate cards, and automated bill pay, giving you the financial tools to deploy your new funding with confidence.