Funding Secured: Supply Wisdom Raises $14 Million in Series B Financing Round
**Supply Wisdom Announces Jenna Wells as New CEO and Secures $14 Million in Series B Funding**
In a significant move for the risk management industry, Supply Wisdom, a leading real-time risk intelligence SaaS platform, has announced the promotion of Jenna Wells to the role of Chief Executive Officer (CEO). This comes alongside a successful $14 million Series B funding round, which will propel the company into its next phase of growth and innovation.
Jenna Wells, a seasoned risk leader, has been instrumental in driving innovation and growth within Supply Wisdom since her tenure as the company's Chief Operating Officer (COO). Her extensive background in risk management, particularly in the financial services sector, has positioned her as an expert in the field.
Wells has been recognised for her insights on the challenges of managing third-party risk, demonstrating her deep understanding of the industry. In her new role as CEO, she is poised to lead Supply Wisdom in leveraging its AI-driven solutions to enhance risk management for businesses operating in complex global environments.
The Series B funding round, led by Jurassic Capital, will support Supply Wisdom in its focus on innovation that serves its customers in industry-leading ways. The investment will also accelerate the development of innovative products and scale up sales and marketing operations worldwide.
Fulcrum Equity Partners and Conductor Capital, long-time partners and existing investors of Supply Wisdom, participated in the funding round. Kevin Mosley, General Partner at Jurassic Capital, expressed his excitement about Supply Wisdom's platform joining their portfolio.
Tom Thimot, who was previously the CEO of Supply Wisdom, will transition to serving as Advisor to the CEO. In his advisory role, he will provide strategic counsel to Jenna Wells and the leadership team. Thimot expressed his excitement about Wells' new role as CEO and his continued commitment to Supply Wisdom's mission.
Before joining Supply Wisdom, Jenna Wells served as the Head of Customer Experience, Head of Product, and COO at various companies. She also served in the United States Marine Corps as a Commanding Officer of a Signals Intelligence Platoon.
The funding round comes at a time when robust risk management is increasingly crucial for businesses. Supply Wisdom's efforts align with the growing need for advanced risk intelligence, particularly in light of the company's recognition as one of the fastest-growing private companies in the US Northeast. The company's participation in events like FinovateFall 2022 further underscores its position as a risk intelligence innovator.
With Jenna Wells at the helm and the recent funding, Supply Wisdom is well-positioned to continue its mission of providing comprehensive and predictive risk intelligence to businesses worldwide.
- The new Series B funding of $14 million secured by Supply Wisdom will be utilized to foster innovation, improving the development of new products and scaling up sales and marketing operations globally.
- Jenna Wells, the newly appointed CEO of Supply Wisdom, has extensive background in risk management, particularly in the financial services sector, making her an expert in the field.
- In her new role as CEO, Jenna Wells aims to leverage Supply Wisdom's AI-driven solutions to enhance risk management for businesses operating in complex global environments.
- The insurtech industry, as represented by investors like Jurassic Capital, Fulcrum Equity Partners, and Conductor Capital, recognizes the potential of technology-driven innovation that Supply Wisdom's platform offers, making it a valuable addition to their portfolios.
