In a world the place third-party instruments, companies, and contractors type the operational spine of recent corporations, Stackpack has raised $6.3 million to deliver order to the rising complexity.
Led by Freestyle Capital, the funding spherical consists of help from Elefund, Upside Partnership, Nomad Ventures, Format Ventures, MSIV Fund, and strategic angels from Intuit, Workday, Affirm, Snapdocs, and xAI.
The funding helps Stackpack’s mission to redefine how companies handle their increasing vendor networks—an more and more important process as organizations now juggle a whole lot and even hundreds of exterior companions and platforms.
Turning Chaos into Management
Based in 2023 by Sara Wyman, previously of Etsy and Affirm, Stackpack was constructed to resolve an issue she knew too effectively: trendy corporations are powered by distributors, but most nonetheless observe them with outdated strategies—spreadsheets, scattered paperwork, and guesswork. With SaaS stacks ballooning and AI instruments proliferating, unmanaged distributors turn into silent liabilities.
“Corporations name themselves ‘people-first,’ however in actuality, they’re changing into ‘vendor-first,’” mentioned Wyman. “There are sometimes 6x extra distributors than staff. But there’s no system of file to handle that shift—till now.”
Stackpack provides finance and IT groups a unified, AI-powered dashboard that gives real-time visibility into vendor contracts, spend, renewals, and compliance dangers. The platform robotically extracts key contract phrases like auto-renewal clauses, flags overlapping subscriptions, and even predicts upcoming renewals buried deep in PDFs.
AI That Works Like a Digital Vendor Supervisor
Stackpack’s Behavioral AI Engine acts as an clever assistant, surfacing hidden cost-saving alternatives, compliance dangers, and significant dates. It not solely identifies inefficiencies—it takes motion, issuing alerts, initiating workflows, and offering suggestions throughout the seller lifecycle.
As an illustration:
- Renewal alerts stop shock fees.
- Spend monitoring identifies underused or duplicate instruments.
- Contract intelligence extracts authorized and pricing phrases from uploads or integrations with instruments like Google Drive.
- Approval workflows streamline onboarding and procurement.
This brings the type of automation as soon as reserved for enterprise procurement platforms like Coupa or SAP to startups and mid-sized companies—at a fraction of the associated fee.
A Well timed Answer for a Rising Drawback
Vendor administration has turn into a boardroom concern. As extra corporations shift budgets from headcount to outsourced companies, compliance and monetary oversight have turn into more durable to take care of. Stackpack’s early traction is proof of demand: simply months after launch, it’s managing over 10,500 distributors and $510 million in spend throughout greater than 50 prospects, together with Each Man Jack, Rho, Density, HouseRx, Fexa, and ZeroEyes.
“The CFO is the one left holding the bag when issues go fallacious,” mentioned Brandon Lee, Accounting Supervisor at BizzyCar. “Stackpack means we don’t must cross our fingers each quarter.”
Past Visibility: Enabling Smarter Vendor Choices
Alongside its core platform, Stackpack is launching Requests & Approvals, a light-weight instrument to simplify vendor onboarding and buying choices—presently in beta. The characteristic is already attracting prospects searching for sooner, extra agile alternate options to conventional procurement methods.
With a long-term imaginative and prescient to assist corporations not solely handle however uncover and consider distributors extra strategically, Stackpack is laying the groundwork for a wiser, interconnected vendor ecosystem.
“Each vendor determination carries authorized, monetary, and safety penalties,” mentioned Dave Samuel, Basic Companion at Freestyle Capital. “Stackpack is constructing the clever infrastructure to handle these relationships proactively.”
The Way forward for Vendor Operations
As third-party ecosystems develop in dimension and complexity, Stackpack goals to remodel vendor operations from a legal responsibility right into a aggressive benefit. Its AI-powered method provides corporations a contemporary working system for vendor administration—one which’s scalable, proactive, and deeply built-in into finance and operations.
“This isn’t nearly price management—it’s about operating a wiser firm,” mentioned Wyman. “Managing your distributors needs to be as strategic as managing your expertise. We’re giving corporations the instruments to make that doable.”
With contemporary funding and a quickly increasing buyer base, Stackpack is poised to turn into the brand new customary for the way trendy companies handle the companions powering their progress.