LogicSource Valuation, Funding & Investors
LogicSource is valued at $23M as of March 2020.
Last LogicSource valuation
$23M
Series B · Mar 2020
Last LogicSource funding round
$180M
Undisclosed stage · Apr 2022
Cumulative funding LogicSource raised
$207M
across 6 funding rounds
Key investors in LogicSource
FTV Capital
Pegasus Growth Capital
About LogicSource
LogicSource provides procurement services and technology to large brands, combining tech-enabled Source-to-Pay tools such as its OneMarket platform with real-time pricing data, market intelligence, and configurable outsourced services. It works with companies in the $1-20 billion market-cap range that lack a large internal procurement function, helping them manage sourcing and drive cost efficiency, and its clients have included Aaron's, Designer Brands, Hasbro, GlaxoSmithKline, and Nestle Health Science.
Founded
2009
HQ
United StatesWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$23M (Mar 2020)
LogicSource Valuation
LogicSource is currently valued at $23M, based on its Series B in March 2020.
The $6M round was led by Pegasus Growth Capital.
LogicSource valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2020 | Series B | $23M |
LogicSource Funding History
LogicSource has raised a total of $207M across 6 funding rounds.
LogicSource's first fundraising round was a $5M Series A in March 2013. The most recent completed round was a $180M undisclosed-stage round in April 2022.
LogicSource funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Undisclosed stage | FTV Capital (lead) | $180M | - | LogicSource is a leading provider of procurement services and technology solutions, offering tech-enabled Source-to-Pay platforms like OneMarket with real-time pricing data, market intelligence, and configurable services to drive efficiency and profitability for major brands facing inflation and supply chain issues. On April 7, 2022, it secured a $180 million growth investment from FTV Capital to enhance services, technology, data offerings, expand into new verticals, and support client-centric growth initiatives. The funding builds on strong momentum, including more than 220 percent revenue increase over the past three fiscal years, over $25 billion in accrued managed spend and pricing data, and recognition as one of Inc.'s fastest-growing companies in 2020 and 2021 plus a Spend Matters 2021 Provider to Watch. One source describes the deal as a majority stake purchase, positioning FTV Capital as a strategic partner for sales, marketing, category expansion, and technology development. By 2022, LogicSource managed $65 billion in spend and served clients like Aaron’s, Designer Brands, Hasbro, GlaxoSmithKline, and Nestle Health Science, focusing on the $1-20 billion market cap niche without robust internal procurement teams. |
| Mar 2020 | Series B | Pegasus Growth Capital (lead) | $6M | $23M | - |
| Mar 2016 | Seed | - | $2M | - | - |
| Aug 2015 | Seed | - | $1M | - | - |
| Nov 2013 | Series A | - | $13M | - | - |
| Mar 2013 | Series A | - | $5M | - | - |
Who has invested in LogicSource?
2 investors have backed LogicSource across its funding rounds, including FTV Capital and Pegasus Growth Capital.
Lead investors include FTV Capital and Pegasus Growth Capital.
LogicSource Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialLogicSource Competitors
LogicSource competitors include listed companies like Arab Sea and Unicommerce, and private ones like SGeBIZ, InfinityQ Technology, OceanX AI and AGTools.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Singapore | Private | - | - | $24M | - | |
 Canada | Private | - | - | $23M | - | |
| New York City, NY | Private | - | - | $24M | - | |
| Los Angeles, CA | Private | - | - | $22M | - | |
 Saudi Arabia | Publicly listed | $14M | ($608K) | $97M | - | |
 India | Publicly listed | $21M | $4M | $98M | 4.1x |
LogicSource Public Comps
LogicSource is still privately-owned, but its public comps include Avio Smart Market Stack, Shelfie-Tech, CID Holdco, Siav, TradeWindow, Nuvini, Aeries Technology, International Care, Straker and Editel.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11M | $538K | 2.0x | - | 40.9x | - | |||
| - | ($691K) | - | - | (38.7x) | - | |||
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} CID Holdco | $6M | ($36M) | 3.2x | - | (0.5x) | - | ||
| $42M | $10M | 1.3x | 1.2x | 5.6x | 4.6x | |||
| $6M | ($712K) | 1.6x | - | (12.4x) | - | |||
| $38M | ($3M) | 0.5x | 0.5x | (5.4x) | 3.0x | |||
| $70M | $6M | 0.6x | - | 6.9x | - | |||
| $11M | $401K | 0.5x | 0.5x | 13.8x | 14.3x | |||
This data is available for Pro users. Sign up to see all LogicSource competitors and their valuation data. Start Free Trial | ||||||||
Common questions about LogicSource
| When was LogicSource founded? | LogicSource was founded in 2009. |
| Where is LogicSource headquartered? | LogicSource is headquartered in United States. |
| Is LogicSource publicly listed? | No, LogicSource is a private, VC-backed company. |
| What is LogicSource's valuation? | LogicSource was last valued at $23M in its Series B in March 2020. |
| How much funding has LogicSource raised? | LogicSource has raised $207M across 6 funding rounds. |
| What was LogicSource's last funding round? | LogicSource's last funding round was a $180M undisclosed-stage round in April 2022, led by FTV Capital. |
| Who are LogicSource's investors? | LogicSource's investors include Pegasus Growth Capital and FTV Capital. |
| Which companies are comparable to LogicSource? | Companies comparable to LogicSource include SGeBIZ, InfinityQ Technology, OceanX AI, AGTools, Arab Sea and Unicommerce. |
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