Swedish startup Kodiak Hub, a supplier relationship management (SRM) platform, has raised €6 million in funding led by Oxx, a prominent B2B SaaS investment firm. The funding will support Kodiak Hub’s international expansion, particularly into the US market, and further development of its AI-powered procurement analytics.
Transforming Procurement with Data-Driven Tools
Kodiak Hub’s cloud-based platform equips procurement teams with tools to navigate resource, operational, and regulatory complexities. It provides real-time insights into supplier performance, risk management, and compliance, enabling faster and smarter decision-making.
Malin Schmidt, CEO and founder of Kodiak Hub, highlighted the platform’s impact:
“At Kodiak Hub, we’re reshaping how strategic buyers operate within some of the world’s most complex supply chains. Our platform drives top-line growth and long-term value, focusing on quality, price, and sustainability. By leveraging robust data sourcing and AI-driven intelligence, we empower customers to make smarter decisions and unlock greater value across supply networks.”
Industry Recognition and Broad Adoption
Trusted by over 80 procurement leaders across industries like manufacturing, Kodiak Hub has gained accolades including recognition in the ProcureTech 100 and Spend Matters’ “50 Providers to Watch.” Its tools are instrumental in fostering resilient and regionalised supply chains while addressing sustainability goals.
International Reach and Ambitions
Currently, over 75% of Kodiak Hub’s revenue comes from international markets, particularly Germany and the UK. With this new investment, the company aims to enhance its commercial and data teams and solidify its presence in the US.
Oxx’s Principal, Ingrid Bonde Åkerlind, commented on the partnership:
“As regulatory and sustainability pressures mount, Kodiak Hub offers procurement leaders a vital toolset to proactively manage supplier quality, risk, and compliance. Their AI-driven insights redefine Supplier Relationship Management, and we’re excited to support their growth in this critical space.”
Looking Ahead
With Oxx’s backing, Kodiak Hub is poised to lead innovation in procurement data utilisation. By combining cutting-edge analytics with a focus on sustainability, the company is set to empower organisations to build stronger, smarter supply chains globally.
