CHICAGO, IL. (May, 9 2013) – Supply Vision, Inc., a leading provider of cloud-based transportation solutions for logistics companies, has raised $1.4 million in a funding round led by Hyde Park Angels and the Invest Illinois Venture Fund. Supply Vision delivers innovative freight forwarding Transportation Management (TMS) and Warehouse Management Systems (WMS) with a focus on providing customer-centric, customizable solutions and responsive support to its North American customers.
Based in Chicago and founded in August 2010 by veterans of the logistics software industry, Supply Vision has seized an opportunity to build a platform and delivery model that address the evolving needs of the logistics industry. Its cloud-based Software as a Service model allows Supply Vision to rapidly deploy web-based solutions and provide customized tools for logistics providers and their customers. Through a single portal and supported by a strong network of partners and integrated resources, Supply Vision provides transportation firms and their customers integrated solutions to exchange actionable information and streamline work flow.
“We are extremely excited to enter this next phase of Supply Vision’s development with the support of Hyde Park Angels and the Invest Illinois Venture Fund,” said Mike Powell, CEO of Supply Vision. “We have experienced a strong response to our product suite and have innovative and aggressive plans for enhancement. This capital will help us continue to deliver customer-centric solutions to fuel our continued growth, and help us execute our vision.”
“Hyde Park Angels looks for companies with strong management teams that are taking an innovative approach to solving a business or industry problem in a large and quickly growing market. We saw all of these characteristics in Supply Vision.” stated Ed Starr, Hyde Park Angels member and Supply Vision board member. “We are pleased to partner with Supply Vision as the company continues to build out its product offering, meet its customers’ evolving needs and expand its partner and customer base.”
About Supply Vision, Inc.:
Supply Vision is a cloud-based supply chain software provider. The company’s web-based platform delivers flexible tools to help organizations manage the supply chain by enabling collaboration between shippers and logistics providers. Supply Vision’s suite of products covers the entire supply chain and includes a Transportation Management System (TMS), Warehouse Management System (WMS), and Customer Portal. http://supply-vision.com/
About Hyde Park Angels:
Hyde Park Angels (HPA) is one of the Midwest’s largest angel investor network and funds promising early-stage opportunities in the region. HPA’s members include current and former corporate executives, entrepreneurs, and venture capitalists who offer domain expertise, connections, and strategic advice to its portfolio companies. HPA is affiliated with the Polsky Center for Entrepreneurship and Innovation at the University of Chicago and has invested $10 million since its formation in 2007.
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