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SourceIQ

Most procurement software gets deployed
in one team and orphaned.

SourceIQ does the opposite — it expands.

Legacy State

Five procurement teams.
Five separate data sources.
No shared supplier intelligence.

Fragmented

SourceIQ Unified State

One supplier graph.
Five teams pulling from it.
Procurement as strategic function.

Connected

The Expansion Engine

Month 0

Land

1 team pilots

$42K ACV
Month 4–6

Spread

Teams 2–3 added via data requests

+$96K
Month 10–14

Consolidate

5+ teams, unified contract

+$142K
Month 18–24

Platform

Enterprise SLA

$380K ACV

Average time to platform state: 21 months

Cohort Expansion Waterfall

Each cohort compounds over 6 quarters. NRR range: 118%–168%.

NRR Leaderboard

Company Land ARR Current ARR NRR % Teams Added
T1 Kronfeld Industries $38K $412K 1,084% 7
T2 Maravilla Foods $55K $290K 527% 5
T3 Zenith Pharma $48K $204K 425% 4
T4 Cascade Retail $52K $178K 342% 3
T5 Axis Manufacturing $41K $125K 305% 3
T6 Horizon Logistics $38K $98K 258% 2
T7 Summit Energy $44K $88K 200% 2
T8 Apex Chemicals $50K $84K 168% 1

The ICP

Manufacturing

$500M–$5B revenue
8+ procurement teams

Avg Land ACV
$41K
24-mo NRR
412%

Champion: CPO, VP Procurement

Food & Beverage

Complex supplier networks
Multi-region sourcing

Avg Land ACV
$48K
24-mo NRR
385%

Champion: Head of Supply Chain

Pharma

Regulatory traceability needs
Supplier quality assurance

Avg Land ACV
$52K
24-mo NRR
368%

Champion: VP Quality, CPO

Retail

Private-label supplier mgmt
Seasonal category spend

Avg Land ACV
$44K
24-mo NRR
298%

Champion: SVP Merchandising

Sales Motion

Champion CPO / VP Procurement Pilot 6 weeks, one category Expansion Expansion Expansion
Time to Expansion Trigger
73 days
Avg Teams Added per Year
2.4
Avg Contract Uplift per Team
$48K
We started with indirect spend in one region. Eighteen months later, SourceIQ runs all seven of our procurement categories globally.

Patricia Álvarez

Chief Procurement Officer, Kronfeld Industries

1,084% NRR in 18 months

Expansion Runway

$74M

Expansion ARR available inside our existing 22 logos at current expansion rates, with zero new logo acquisition.

We are raising to pour fuel on new logo acquisition, not to fix retention.

New Logo Motion

Deal Size → Time to Value → SMB <$50K ACV Not target Mid-Market $50K–$150K PRIMARY Enterprise $150K+ 12-wk pilot Secondary Strategic $1M+ Future

Team

DL

Dominic Lau

CEO

Ex-Coupa VP Sales. Built $0→$80M ARR segment. 12 years enterprise procurement sales.

BM

Brigitte Mbeki

CTO

Ex-SAP Ariba platform architect. Led supplier network graph engine. PhD Computer Science, MIT.

ES

Elan Shapiro

VP Customer Success

Ex-Coupa CSM. Personal NRR record 148%. Built expansion playbook for 40+ enterprise accounts.

TA

Tomoko Arai

VP Sales

Ex-Jaggaer AE. 3× President's Club. Avg deal size $220K. 18-month enterprise sales cycle expert.

Financials

Current ARR
$8.2M
Net Revenue Retention
141%
Gross Margin
78%
Rule of 40 Score
67
New Logo ARR Q1 2026
$1.1M
Expansion ARR Q1 2026
$2.8M

Expansion ARR is 2.5× new logo ARR

Use of Funds

60% Sales & Partner 25% Product 15% CS

Milestones

  • 50 logo customers by Q4 2026
  • Partner channel live (Accenture, KPMG Procurement)
  • $20M ARR run rate
  • Series B readiness by Q2 2027

The Ask

$16M

Series A

Fund the new-logo engine.
The expansion machine already runs.

Lead: Meridian Growth Partners

Co-investors: Arbor Capital, Stonehenge B2B Fund

dominic@sourceiq.com