Kinnek raises $20M

What does Kinnek do?

Kinnek, is the marketplace for small businesses to find suppliers and managing purchasing.  This business to business platform allows small business to request and receive personalized quotes from the suppliers for their purchases. Receiving quotes for major purposes is at present a very antiquated process for small businesses as they do not have the resources of big corporations for maintaining large procurement teams and implement enterprise levels procurement platforms. These small businesses also cannot find quotes online easily for their purchases and pricing on customized orders which are hard to find. But this company enables small businesses in requesting quotes from many suppliers using one request for any kind of huge purchase. This platform handles all the processes of requesting and submitting quotes and the resulting interaction between SMBs and their suppliers online.

How much Kinnek was funded?

Kinnek raised $20M in Series B on October 15^th, 2015 from Great Oaks Venture Capital, Version One Ventures, Naval Ravikant, Matrix Partners, Sierra Ventures, Thrive CapitalAngelPad.

Previous funding

• Undisclosed amount in seed funding on November, 2012 from AngelPad
• $1.5M on December 21, 2012 from SV Angel, Version One Ventures, AngelPad, Great Oaks Venture Capital and Version One Ventures
• $10 M in Series A on September 15, 2014 from Matrix Partners, Version One Ventures, Sierra Ventures, CrunchFund, Naval Ravikant, Benjamin Ling, Richard Chen,  Great Oaks Venture Capital and TriplePoint Capital,

What is next for Kinnek?

Kinnek plans to use the funding for fueling the company’s expansion for meeting the demands from new industries, increasing marketing efforts and growing the company’s engineering and sales teams.

More about Kinnek

Kinnek was founded on March 1, 2012. It has its headquarters in New York, NY. This platform is loved by thousands of people. Customers can discover a better way to purchase for their businesses.