In a world where third-party tools, services and contractors form the backbone of modern companies’ operations, Stackpack raised $6.3 million to make orders increasingly complex.
Under Freestyle Capital, the Funding Tour includes support from Elefund, Upswing Partnership, Nomad Ventures, Layout Ventures, MSIV Funds and Strategic Angels from Intuit, Workday, Workday, Sundersight, Sneckerning, Snapdocs and Xai.
This funding supports Stackpack’s mission to redefine how businesses manage their expanding vendor networks, an increasingly important task for organizations, as organizations now encounter hundreds or even thousands of external partners and platforms.
Turn chaos into control
Stackpack was founded in 2023 by Sara Wyman, and the company was established to solve the problem she knew: modern companies are powered by suppliers, but most people still track them using outdated methods (Specreadsheets, scattered documentation and guesses). As SaaS stacked balloons and AI tools proliferate, unmanaged vendors will become silent responsibility.
“Companies call themselves ‘people’, but in reality, they become ‘suppliers-first’ explain Wyman. “It’s usually 6 times more suppliers than employees. But until now, no record system can manage this transformation.”
Stackpack provides finance, and IT teams have a unified, AI-powered dashboard that provides real-time visibility into supplier contracts, spending, updates and compliance risks. The platform automatically extracts key contract terms such as automatic renewal terms, subscriptions with overlapping logos, and even forecasts for upcoming renewals that will be buried in PDFs.
AI that works like a virtual vendor manager
Stackpack’s behavioral AI engine is an intelligent assistant that swept hidden cost-saving opportunities, compliance risks and critical dates. It not only determines inefficiency, it also takes action, issues alerts, initiates workflows, and provides advice over the life of the vendor.
For example:
- Update alerts Prevent unexpected expenses.
- Spend tracking Identify unused or repeated tools.
- Contract intelligence Extract legal and pricing terms from uploads or integrations with tools like Google Drive.
- Approval workflow Simplify onboarding and procurement.
This makes the kind of automation that was once reserved for enterprise procurement platforms such as Coupa or SAP to use it for startups and mid-sized businesses, which is a small part of the cost.
Solutions to timely solve growth problems
Supplier management has become a board issue. Compliance and financial oversight are becoming increasingly difficult as more companies move their budgets from employees to outsourcing services. Stackpack’s early traction is proof of demand: months after its launch, it managed over 10,500 suppliers and $510 million in spending, including everyone, including everyone Jack, Rho, Density, Houserx, Fexa, fexa and Zeroeyes.
“The chief financial officer is the one who has the bag left when something goes wrong.” explain Brandon Lee, BizzyCar’s accounting manager. “Stackpack means we don’t have to have fingers every quarter.”
Beyond Visibility: Achieve Smarter Vendor Decisions
In addition to its core platform, StackPack initiates requests and approvals, a lightweight tool that simplifies vendor onboarding and purchasing decisions, currently in Beta. The feature has attracted customers looking for faster and more agile alternatives to traditional procurement systems.
With a long-term vision, not only can companies manage and evaluate suppliers, StackPack lays the foundation for a smarter, interconnected supplier ecosystem.
“Every vendor’s decision has legal, financial and security consequences,” explain Dave Samuel, General Partner of Freestyle Capital. “Stackpack is building smart infrastructure to proactively manage these relationships.”
The future of supplier operations
As the scale and complexity of third-party ecosystems grow, Stackpack aims to transform supplier operations from responsibility to Competitive Advantage. Its AI-driven approach provides companies with a modern supplier-managed operating system that is scalable, proactive and deeply integrated into finance and operations.
“It’s not just cost control, it’s about running a smarter company.” explain Wyman. “Managing your suppliers should be as strategic as managing your talent. We provide the company with the tools to make it possible.”
With new funding and a rapidly expanding customer base, Stackpack is expected to be the new standard for how modern businesses manage their partners to power growth.
