Kountable Secures Funding in Series A-1 Led by Lateral Capital to Launch U.S. Membership and Scale COVID Response
Kountable, the leading global trade and technology platform, today announced additional funding in Series A-1 led by Lateral Capital. Additional investors in this round include Bootstrap Labs, Kirk Bradley of Oracle, Position A Partners and Kountable’s impact family office investors. The round also provided the initial capitalization of Kountable Capital Solutions, the liquidity engine behind Kountable’s global Treasury Cloud offering and Kountable’s Active Impact Allocator.
Kountable is the necessary missing element that gets critical goods delivered in challenging market conditions. It has solved the challenges of collaboration between qualified but underserved small and medium sized enterprises (SMEs) who are critical but overlooked actors in the success of vast swaths of global trade activity, global multinational suppliers, funders and logistics and trade services providers.
The platform has activated the capability of SMEs at scale through its curated execution network for the past five years to efficiently complete large scale projects for governments, foundations, NGOs and corporations which have had a positive impact on the lives of millions.
Kountable will use the strategic capital to scale its business in global healthcare supply chains with a specific focus on the pandemic response. The funding investment will also be used to further enhance its trade and treasury cloud platform and launch its long anticipated U.S. membership offering with a specific focus on supplier diversity programs and inclusive supply chains.
“SMEs are the lifeblood of commerce in emerging markets. The friction and fragmentation faced by this customer base requires a high fidelity platform that enables trust and transparency. The bold, end to end technology solution offered by Kountable’s team across the US and Africa has the potential to unlock global trade between sophisticated customers large and small. We are fortunate to have the opportunity to support Chris and Kountable for the next chapter of their journey,” said Rob Eloff, Managing Partner at Lateral, a leading US and Africa based VC fund.