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Kinnek Secures $10 Million to Transform How Small Businesses Find Suppliers and Manage Purchasing

Sep 15, 2014 - Marketwired
Investments

Kinnek, the marketplace for small businesses to find suppliers and manage purchasing, today announced that it has raised a $10 million Series A round of financing led by Matrix Partners, with participation from previous investors including Sierra Ventures, Version One Ventures, Naval Ravikant, CrunchFund, Richard Chen, TriplePoint Ventures, and Benjamin Ling. The new funds will be used to grow the company's marketing and engineering capabilities and fuel Kinnek's expansion into new industries.

Kinnek was founded in 2012 by Karthik Sridharan and Rui Ma after they noticed that purchasing operations of small and medium businesses were painfully antiq...