Stackpack has successfully secured $6.3 million in seed funding, led by Freestyle Capital, with participation from Elefund, Upside Partnership, Nomad Ventures, Layout Ventures, and MSIV Fund. This round of funding is supported by experienced operators from companies such as Intuit, Workday, Affirm, Airbnb, Snapdocs, and xAI, who have directly encountered the challenges of managing vendor relationships in high-growth environments.
In today’s business landscape, companies are increasingly dependent on a wide array of third-party vendors, including SaaS tools, AI platforms, contractors, and agencies. Despite this reliance, many organizations continue to track these vital relationships using outdated methods, such as spreadsheets and fragmented documents. Stackpack was founded to address this issue and turn vendor sprawl into a strategic asset.
The company’s AI-powered platform automates the management of vendor contracts, ownership, renewals, and compliance risks, providing finance and IT teams with a comprehensive, single source of truth. With this technology, businesses can streamline the vendor management process, eliminate inefficiencies, and uncover potential cost-saving opportunities. Already, Stackpack manages over 10,500 vendors and $510 million in spend across 50+ companies, including Every Man Jack, Rho, HouseRx, Fexa, and ZeroEyes.
This funding will enable Stackpack to expand its core platform and introduce new features, including the Requests & Approvals product, currently in beta. The company’s long-term vision is to help businesses navigate the complexities of vendor relationships, providing not just visibility, but smarter discovery, evaluation, and negotiation to optimize vendor partnerships.