Baird Capital announced today that it has invested in SourceDay, a leading supplier collaboration engine of the direct spend industry, and one of the fastest-growing companies in Austin, Texas.

From Fortune 100 companies to mid-size manufacturers, thousands of organizations use SourceDay to connect their teams with their suppliers, centralize order data, and drive their businesses forward. Since 2013, SourceDay has helped more than 6,000 manufacturers, distributors and suppliers process more than $66B in total spend.

"As businesses face unprecedented times, they are seeking faster answers to bigger challenges," said Joanna Arras, Principal at Baird Capital and SourceDay’s newest board member. "More than ever, companies need resilient and agile supply chains. Poor supply chain visibility and inefficient collaboration will be crippling during this time of rapidly shifting demand. Baird Capital is proud to invest in SourceDay to help companies face these challenges head-on." 

For more information, please read SourceDay’s news release.