Founded in 2016 by Malin Schmidt, Kodiak Hub offers a cloud-based Supplier Relationship Management (SRM) platform designed to provide procurement leaders with a comprehensive risk overview and actionable insights.

The supplier onboarding process has become 80% faster, enabling businesses to grow more quickly.

Users of the platform report saving 7-10% on total spending and approximately 10 hours per week on SRM tasks.

To bolster its operations, Kodiak Hub plans to expand its team in commercial and data analytics roles across Europe.

Kodiak Hub's analytics capabilities have earned it recognition in the ProcureTech 100 and among Spend Matters' '50 Providers to Watch' for three consecutive years.

The supply chain industry faces significant challenges, including microchip shortages and volatile energy prices, which Kodiak Hub aims to address through its innovative solutions.

Ingrid Bonde Åkerlind from Oxx praised Kodiak Hub's analytics and AI capabilities, stating they empower procurement leaders to manage supplier quality, risk, and compliance effectively.

Ultimately, Kodiak Hub aims to help clients build resilient supply networks and make informed decisions that enhance growth and sustainability.

On November 20, 2024, Swedish startup Kodiak Hub announced it has secured €6 million in funding from Oxx, a prominent B2B SaaS investment firm, to support its global expansion.

This funding will specifically enhance Kodiak Hub's AI-driven data analytics tools and facilitate its entry into the US market.

Schmidt emphasizes that the platform revolutionizes decision-making in complex supply chains by focusing on quality, price, and sustainability.

Currently, Kodiak Hub manages over 250,000 suppliers across more than 20 industries in 176 countries, helping users achieve significant efficiency and cost savings.