Based in London and Mumbai, SupplyCompass uniquely combines its strong supply chain partnerships with its cloud-based platform technology and team of production experts, to make sustainable sourcing and ongoing manufacturing management easy, fast and efficient.
SupplyCompass is part vetted manufacturer network and part production management tool for fashion and interiors brands. Unlike competitors that have focused their efforts on solving pain points purely for brands, SupplyCompass is equally weighted in providing a solution that works for international manufacturers and suppliers as well as brands, by streamlining the whole design development and production process from start to finish.
The UK-based sourcing company is on a mission to transform global supply chains into faster, more efficient and more sustainable outfits. The investment from Episode 1 – alongside Mumbai and London-based Unicorn Ascension, Ascension Ventures and Andy Chung and Philipp Moehring from AngelList – will enable SupplyCompass to develop its technology and expand its curated marketplace of best-in-class international manufacturers. Particular emphasis will be placed on the earlier stages of the sourcing process where greater opportunities lie for establishing sustainable practices, including manufacturer matching, design development and sampling.
Adrian Lloyd, Episode 1 Partner, continues: “The SupplyCompass team is exceptionally knowledgeable about the fashion supply chain and all evidence suggests they are execution machines. We are extremely excited to fund their growth and technology development which we believe will help them develop into a very large and famous company whilst increasing the sustainability of a currently unsustainable industry.”
Episode 1 (www.episode1.com) is an early-stage venture capital investor that manages a £60m Enterprise Capital Fund, investing between £250k and £1m into high potential software-based businesses with significant operations in the UK.
Co-founders Gus Bartholomew and Flora Davidson met at university and spent two years living and working in India to build the foundations of SupplyCompass. Following its launch in early 2018, SupplyCompass now has 50 well-established, progressive factory partners in India (plus Sri Lanka and Nepal) and mainland Europe (including Portugal, Spain, Italy).
1) Intuitive product development: accelerates the design development process with simplified processes, digital tech packs and sustainably-led designing2) Trusted manufacturer selection: matches brands with world-class suppliers and manufacturers, using SupplyCompass’s visited, vetted and hand-picked extensive network, who adhere to responsible manufacturing practices3) Streamlined production management: creates fast and efficient global supply chains by helping brands operate via a single dashboard with structured processes and collaborative manufacturer relationships