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Fontinalis Announces Strategic Investing In Cloud Supply Chain Platform Elementum

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Fontinalis Announces Strategic Investing In Cloud Supply Chain Platform Elementum

Michigan-based Fontinalis Partners, LLC, a strategic investment firm, revealed Thursday is "has invested in Elementum, a cloud supply chain platform that unifies procurement, logistics, manufacturing and inventory operations."

According to the company, "Elementum maximizes supply chain velocity through the world's Product Graph™, a digital mapping of the $25 trillion global product economy that provides companies with the real-time information they need to make better decisions, faster."

Fontinails founder and managing partner, Ralph Booth, commented, "Fontinalis focuses on investing in disruptive technologies that can transform industries, which makes Elementum a natural fit for us. 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."

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As a tactical investor, the company offers its portfolio companies "comprehensive business development resources, a global network of government and industry thought-leaders, and strong relationships across the technology ecosystem."

Elementum founder and CEO, Nader Mikhail, reacted by saying, "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. Over $600 billion 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."

 

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Posted-In: Elementum Fontinalis Partners Nader Mikhail Ralph BoothNews Financing Tech

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