Silo

Silo

Software and financing for food supply

About Silo

Simplify's Rating
Why Silo is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Food & Agriculture

Enterprise Software

Fintech

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$304M

Headquarters

San Francisco, California

Founded

2018

Overview

Silo provides software and financing solutions for businesses in the food supply chain, particularly those managing perishable goods. Their software helps clients with inventory management, order processing, payment handling, and logistics. Silo also offers financial services like Instant Pay and Cash Advance to improve cash flow and support business growth. Unlike many competitors, Silo combines both software as a service (SaaS) and financial services, allowing them to generate revenue through subscription fees and service charges. The main goal of Silo is to streamline operations for their clients, helping them remain competitive in a challenging market.

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Simplify's Take

What believers are saying

  • Recent $32M Series C funding enhances Silo's capacity for innovation and expansion.
  • Partnership with Jefferies provides up to $100M financing, boosting financial service offerings.
  • Focus on modular solutions allows Silo to offer customizable, scalable software options.

What critics are saying

  • Recent layoffs due to a delinquent loan highlight vulnerabilities in financial services.
  • M&A talks may lead to strategic shifts disrupting operations and customer relationships.
  • Cautious lending approach post-banking issue suggests potential instability in financial services.

What makes Silo unique

  • Silo offers integrated software and financing solutions for the food supply chain sector.
  • Their services include inventory, orders, payments, and logistics management for perishable goods.
  • Silo Capital's Instant Pay and Cash Advance boost cash flow and support business growth.

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Funding

Total Funding

$304M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

↓ -3%

1 year growth

↑ 0%

2 year growth

↑ 6%
TechCrunch
May 22nd, 2024
Food Supply Chain Software Maker Silo Lays Off ~30% Of Staff Amid M&A Discussions

Silo, a Bay Area food supply chain startup, has hit a rough patch. TechCrunch has learned that the company on Tuesday laid off roughly 30% of its staff, or north of two dozen employees. Silo has confirmed the headcount reductions, clarifying the cuts were across the board and not focused on individual departments.Silo shared the following statement with TechCrunch regarding the layoff:. “We recently made the difficult decision to reduce our headcount by almost 30%. We are committed to supporting those team members impacted and have provided severance packages and recruiting support. At the same time, Silo remains dedicated to serving our customers and the perishables industry at large, and will continue to focus more nimbly on building next-generation supply chain management software solutions.”

AgFunder News
Dec 28th, 2023
The Top 20 Agtech Deals Of 2023

Disclosure: AgFunderNews’ parent company is AgFunder. Agtech deals of 2023 followed much the same trajectory as other tech sectors, with lower valuations and far fewer mega-rounds than seen in the VC heyday of 2021 and early 2022. This year also saw a shift towards more investment in climate-focused solutions, hence the multiple waste-to-energy startups and carbon-related companies on the list below. Ag biotechnology, which includes the biologicals sector, was another strong category this year

Perishable News
Dec 13th, 2023
Silo Technologies' Explosive Growth Secures Additional Investment from Koch Disruptive Technologies with Follow on Funding

The additional funding will advance Silo's capacity to develop modular solutions that encompass inventory management, freight logistics, enhanced order management, modern payment options, and innovative capital solutions.

PYMNTS
Aug 4th, 2023
Loginext Launches Payment Module That Helps Enterprises Select Carriers

LogiNext has launched a payment module that helps enterprises select carriers and manage payments. The new module facilitates better decisions in choosing carrier partners by comparing the charges of different carriers and drivers via rate charts that are enabled by artificial intelligence (AI) and automation, the logistics automation firm said in a Thursday (Aug. 3) press release. The module considers product specification, delivery distance, discounts and other factors essential to selecting a carrier, according to the release

PitchBook
Jul 13th, 2023
Global VC deals for july 13, 2023

Food supply chain company Silo Technologies has raised a $32 million Series C led by Koch Disruptive Technologies.

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