SourceHUB
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
SourceHUB built a purpose-built project management platform for packaging teams, connecting buyers, distributors, and manufacturers on one interface. It digitized the packaging procurement process with spec centralization, artwork and quote management, automated approval workflows, and real-time order tracking, with a SmartMatch module that matched quote requirements to supplier capabilities. The software served food, beverage, and pet food companies seeking sustainable packaging and more agile supply chains, offered as a cloud-based subscription starting around $25 per user per month.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
SourceHUB was founded to build a purpose-built project management platform for packaging supply chains, connecting buyers, distributors, and manufacturers through a digitized procurement process.
- Series B completed
The company closed an early-stage Series B round, with about $651,000 raised to date.
- Later-stage funding
SourceHUB completed later-stage venture rounds in 2022 and 2023 while generating revenue from its packaging procurement platform.
- Ceased operations
The company went out of business, with the closure recorded in September 2025.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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