Norwest Venture Partners led a $31.5m Series C round in SourceDay.

Norwest Venture Partners, a venture and growth equity investment firm, led a $31.5m Series C round in SourceDay, a modern purchase order management platform, with participation from ATX Ventures, Baird Capital, Draper Associates, Ring Ventures and Silverton Partners. “Tom, Clint and the SourceDay team have impressed us with their deep domain experience and ability to scale the business at a time when supply chain performance software couldn’t be more critical. SourceDay's innovative solution improves supply chain procurement collaboration, drives real-time visibility to purchase order changes and enables on-time delivery. We are excited to be partnering with SourceDay as they continue their journey to improve direct spend management," Sean Jacobsohn, Norwest Partner.