About Silo
Silo provides software and financing solutions for businesses in the food supply chain, particularly those managing perishable goods. Their software tools help clients with inventory management, order processing, payment handling, and logistics coordination. Silo also offers financial services like Instant Pay and Cash Advance to enhance 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.
San Francisco, CaliforniaHeadquarters
2018Year Founded
$101.2MTotal Funding
LATE_VCCompany Stage
Food & Agriculture, Enterprise Software, FintechIndustries
51-200Employees
Risks
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.
Differentiation
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.
Upsides
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.
Funding
Total raised$101.16 M
Latest valuation$175.00 M
StageLATE_VC
LATE VC
11/30/2023$35
$175.00 MDEBT
6/30/2023$100
SERIES C
6/30/2023$32
$160.00 MSERIES B
3/31/2021$25
$125.00 MSERIES A
8/31/2020$9
$45.00 M$3
$15.00 M