With a view to expanding its global footprint of manufacturing partners as well as building its team and platform capabilities, the supply chain Technology The Silq company said it raised $17.6 million in Series A funding.

The company offers a variety of procurement solutions that increase supply chain efficiency. “Silq’s purpose-built platform provides clothes, footwear, homeware and accessory brands with real-time transparency into production progress,” the company said in a statement. “With no implementation required, Silq has digitized the manufacturing supply chain, improving product quality and speeding time to market.”

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The funding round was co-led by F-Prime Capital and Flexport Ventures. Eight Roads Ventures India also participated with existing investors Surface Ventures, Forum Ventures and other angel investors.

Sliq said that as part of the round, F-Prime Capital’s Ben Gorman will join the board. “The funding will be used to expand Silq’s global partner factory footprint, grow its team of qualified experts, including on-site merchandisers and quality inspectors across Asia, and strengthen the presence of Siq. Technology platform, equipping brands with crucial production data and updates,” the company said.

Ram Radhakrishnan, CEO of Silq, said the company’s mission is to build “an information superhighway that makes transactions efficient, fast and reliable for all supply chain stakeholders.”

From left to right: Ram Radhakrishnan, Kate Alexander and Vishnu Nair.  - Credit: courtesy image.

From left to right: Ram Radhakrishnan, Kate Alexander and Vishnu Nair. – Credit: courtesy image.

Courtesy image.

“At Silq, we solve the toughest supply chain problem of all, delivering real-time visibility from the factory floor by leveraging people and technology,” the CEO said. “We’re empowering Silq experts with an intuitive mobile app that lets them share updates with brands with confidence and precision.”

Gorman said over the past two years, clothes brands” new and old have faced unprecedented challenges in terms of delayed lead times and cost uncertainty. Consumers have felt the pain of supply chain delays as items from their favorite brands take longer longer than expected to arrive or are simply out of stock.

Gorman said “more up-to-date data feeds, improved quality control, and higher levels of collaboration are needed to meet rapidly changing consumer demand.” He said Silq offers a unique combination of a powerful software platform and on-the-ground expertise that “positions them to succeed in adding efficiency and transparency to the manufacturing process and the effusive praise of their customers show the value they bring every step of the way. way.”

Silq has merchandisers and quality inspectors on site who are vetted, trained and certified by the company. “They work as an extension of a brand’s product development and production team, making scheduled visits to the factory to track production milestones, perform inspections and communicate updates through the platform. proprietary technological form of Silq,” Silq said. “Brands are using this data to improve forecasting and planning, ensuring landed cost by allowing them to book freight up to 30 days in advance.”

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