In a world where third-party tools, services, and contractors form the operational backbone of contemporary corporations, Stackpack has raised $6.3 million to bring order to the growing complexity.
Led by Freestyle Capital, the funding round includes support from Elefund, Upside Partnership, Nomad Ventures, Layout Ventures, MSIV Fund, and strategic angels from Intuit, Workday, Affirm, Snapdocs, and xAI.
The funding supports Stackpack’s mission to redefine how businesses manage their expanding vendor networks—an increasingly vital task as organizations now juggle lots of and even 1000’s of external partners and platforms.
Turning Chaos into Control
Founded in 2023 by Sara Wyman, formerly of Etsy and Affirm, Stackpack was built to unravel an issue she knew too well: modern corporations are powered by vendors, yet most still track them with outdated methods—spreadsheets, scattered documents, and guesswork. With SaaS stacks ballooning and AI tools proliferating, unmanaged vendors turn into silent liabilities.
said Wyman.
Stackpack gives finance and IT teams a unified, AI-powered dashboard that gives real-time visibility into vendor contracts, spend, renewals, and compliance risks. The platform routinely extracts key contract terms like auto-renewal clauses, flags overlapping subscriptions, and even predicts upcoming renewals buried deep in PDFs.
AI That Works Like a Virtual Vendor Manager
Stackpack’s Behavioral AI Engine acts as an intelligent assistant, surfacing hidden cost-saving opportunities, compliance risks, and demanding dates. It not only identifies inefficiencies—it takes motion, issuing alerts, initiating workflows, and providing recommendations across the seller lifecycle.
As an example:
- Renewal alerts prevent surprise charges.
- Spend tracking identifies underused or duplicate tools.
- Contract intelligence extracts legal and pricing terms from uploads or integrations with tools like Google Drive.
- Approval workflows streamline onboarding and procurement.
This brings the form of automation once reserved for enterprise procurement platforms like Coupa or SAP to startups and mid-sized businesses—at a fraction of the fee.
A Timely Solution for a Growing Problem
Vendor management has turn into a boardroom issue. As more corporations shift budgets from headcount to outsourced services, compliance and financial oversight have turn into harder to take care of. Stackpack’s early traction is proof of demand: just months after launch, it’s managing over 10,500 vendors and $510 million in spend across greater than 50 customers, including Every Man Jack, Rho, Density, HouseRx, Fexa, and ZeroEyes.
said Brandon Lee, Accounting Manager at BizzyCar.
Beyond Visibility: Enabling Smarter Vendor Decisions
Alongside its core platform, Stackpack is launching Requests & Approvals, a light-weight tool to simplify vendor onboarding and buying decisions—currently in beta. The feature is already attracting customers searching for faster, more agile alternatives to traditional procurement systems.
With a long-term vision to assist corporations not only manage but discover and evaluate vendors more strategically, Stackpack is laying the groundwork for a better, interconnected vendor ecosystem.
said Dave Samuel, General Partner at Freestyle Capital.
The Way forward for Vendor Operations
As third-party ecosystems grow in size and complexity, Stackpack goals to remodel vendor operations from a liability right into a competitive advantage. Its AI-powered approach gives corporations a contemporary operating system for vendor management—one which’s scalable, proactive, and deeply integrated into finance and operations.
said Wyman
With fresh funding and a rapidly expanding customer base, Stackpack is poised to turn into the brand new standard for the way modern businesses manage the partners powering their growth.
