Nicole Schmidt
CEO
S
Source
Source is a procurement platform that streamlines the sourcing, budgeting, and purchasing of furniture, fixtures, and equipment (FF&E), owner-furnished contractor-installed items (OFCI), and operating supplies and equipment (OS&E) for commercial and hospitality projects. By providing real-time status updates and integrated purchasing solutions, Source minimizes procurement risks and enhances project efficiency.
- Construction Technology
- Enterprise Software
- Logistics & Supply Chain
Updated 23 months ago
Funding
Raised to date
$14.7MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+14Funding rounds are not available yet.
Founders
Mandana Salehi
Co-Founder
Product
Problem
Commercial and hospitality projects face complexities in sourcing, budgeting, and purchasing furniture, fixtures, and equipment (FF&E), owner-furnished contractor-installed items (OFCI), and operating supplies and equipment (OS&E). Inefficient procurement processes can lead to budget overruns, project delays, and increased risks.
Solution
Source offers a procurement platform designed to streamline the sourcing, budgeting, and purchasing of FF&E, OFCI, and OS&E for commercial and hospitality projects. The platform provides end-to-end services, simplifying each phase of the procurement process from initial sourcing to final installation. By offering transparent, real-time status updates and integrated purchasing solutions, Source minimizes procurement risks and enhances project efficiency, ultimately saving time and money. The platform supports both renovation and new construction projects, catering to a range of needs from luxury destination resorts to urban mixed-use developments.
Target Audience
The primary users are owners, project managers, and design teams involved in commercial and hospitality projects.
Features
- Turnkey services for FF&E, OFCI, and OS&E procurement.
- Real-time status updates and transparent purchasing solutions.
- Budgeting, spec writing, and sourcing tools.
- Product catalog and design resources.
- Expertise in purchasing a wide range of items, including appliances, architectural lighting, furniture, linens, and recreational equipment.