Fontinalis Partners Reports Investment in Elementum

Fontinalis Partners Reports Investment in Elementum
16.06.2016 01:00 pm

Fontinalis Partners Reports Investment in Elementum

Investment

Fontinalis Partners, LLC, a Michigan-based strategic investment firm, announced today that it has invested in Elementum, a cloud supply chain platform that unifies procurement, logistics, manufacturing, and inventory operations. Elementum maximizes supply chain velocity through the world's Product Graph™ — a digital mapping of the $25T global product economy that provides companies with the real-time information they need to make better decisions, faster.

Founded in 2009 by William Clay Ford, Jr. ("Bill Ford"), Ralph Booth, Chris Cheever, Chris Thomas, and Mark Schulz, Fontinalis uniquely invests in thought-leading companies from around the globe that are providing next-generation mobility solutions—inclusive of cloud, mobile, and big data applications. Since its founding in 2012, Elementum has been providing customers with the global insights and cross-functional issue management they need to take days out of their supply chain, unlocking hundreds of millions of dollars in free cash flow. Elementum's customers include Fortune 500 companies spanning the automotive, healthcare, food & beverage, industrial, consumer, and technology sectors.

"Fontinalis focuses on investing in disruptive technologies that can transform industries, which makes Elementum a natural fit for us," said Ralph Booth, a founding and managing partner of Fontinalis. "With a rapidly growing roster of Global 500 customers, Elementum has established itself as the leader in supply chain technology, and the only company capable of building the world's Product Graph™ to tie together the entire global product economy."

As a strategic investor, Fontinalis provides its portfolio companies with comprehensive business development resources, a global network of government and industry thought-leaders, and strong relationships across the technology ecosystem. Fontinalis invests as a strategic partner across all facets of the world's mobility systems on a flexible stage, structure, and size-agnostic basis.

"While Elementum is already on a strong growth trajectory, Fontinalis' investment and its network of strategic partners will enable further innovation and growth of our platform," said Nader Mikhail, Founder and CEO of Elementum. "Over $600B of products across several industries currently flow through the Product Graph™, which has already returned hundreds of millions of dollars in free cash flow to our customers."

Related News

First deposits of P2P investors increased significantly in June

Statistics of the P2P lending platform Robo.cash show that the size of the first deposit made by... Read more »

CommerzVentures invests $6mn into Concirrus

Leading specialty analytics insurtech, Concirrus has today announced that CommerzVentures has made a $6 million investment into the business... Read more »

Smart Data Analytics fintech Galytix secures post angel equity investment

Galytix, an AI-based smart data analytics business which uses machine learning to intelligently ingest, curate and synthesise unstructured and structured data... Read more »

CubeLogic takes on private equity investment to accelerate global business expansion

CubeLogic, the market leading provider of enterprise risk management solutions for the energy, commodities and financial... Read more »

Equity investment in smaller UK tech businesses increased 27% to £4.0bn last year

Equity investment in the UK’s tech businesses increased by 27% in 2019 to £4.0bn, the highest amount since the series began in 2011, reveals the British Business Bank’s... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel