Portfolio Welcome: Stimulus
by Micaela Kamp
Sourcing and Vendor Management is a huge, yet stagnant, market. While tools like Workday, SAP, and Oracle made initial advancements in the enterprise resource planning (ERP) space, many companies still rely on spreadsheets to manage their vendor relationships.
Enter Stimulus: a game-changing AI-powered vendor sourcing and management platform transforming the procurement space.
Led by Tiffanie Stanard, CEO and Founder, Stimulus brings a fresh perspective to an industry that has been stuck for far too long. Their AI-powered sourcing relationship intelligence platform (SRIP) combines data insights, relationship-building tools, and a proprietary scoring system to help companies make smarter purchasing decisions and optimize their supplier ecosystem.
Stimulus is revolutionizing this space by using artificial intelligence and machine learning to automate tasks, capture missed spend opportunities, and streamline workflows, eliminating inefficiencies that bog down procurement professionals. What sets Stimulus apart is its unique ability to collect data from both buyers and suppliers, providing a comprehensive view of the entire supplier ecosystem.
Stimulus isn’t just another vendor management platform—it's a relationship intelligence platform that enhances the human aspect of procurement.
Stimulus allows companies to nurture and track vendor relationships over time, ensuring that these valuable connections don't get lost in the shuffle. It serves as a “Chief of Staff” for buyers, automating manual tasks, surfacing actionable insights, and giving teams the ability to focus on building better supplier relationships.
Because the Stimulus platform collects information from both the purchaser and the suppliers, it is able to aid in the identification, verification, and categorization of suppliers based on multiple criteria, including veteran-owned, minority- and women-owned, ESG, locality, recent activity status, and more. This valuable data empowers stakeholders to better comprehend and measure objective metrics, aligning with their goals, mandates, and regulatory requirements.
We are excited to welcome Tiffanie and the Stimulus team into the RevUp family as they continue to transform the procurement industry!
More About RevUp Capital
RevUp Capital invests in B2B and B2C companies that are revenue-driven and ready to double down on growth. We deploy cash and capacity to help companies grow from $1-3M to $10-30M, quickly and efficiently, using a revenue-based model. Companies enter our portfolio with $500K-$3M in revenue, a strong growth rate, and a team that’s ready to scale. Our typical investment range is $300K-$500K.
We invest into a company's market-facing activity using a cash and capacity model. We pair our cash investment with dedicated support from the RevUp Growth Platform: a powerful resource to build a data-driven growth engine, delivered by people who get the work done. Rather than take equity, companies return investment through a small percentage of revenue over time. More at www.revupfund.com