In a world where third-party tools, services, and contractors form the operational backbone of modern companies, 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 hundreds or even thousands of external partners and platforms.
Turning Chaos into Control
Founded in 2023 by Sara Wyman, formerly of Etsy and Affirm, Stackpack was built to solve a problem she knew too well: modern companies are powered by vendors, yet most still track them with outdated methods—spreadsheets, scattered documents, and guesswork.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 become silent liabilities.
“Companies call themselves ‘people-first,’ but in reality, they’re becoming ‘vendor-first,’” said Wyman. “There are often 6x more vendors than employees. Yet there’s no system of record to manage that shift—until now.”
Stackpack gives finance and IT teams a unified, AI-powered dashboard that provides real-time visibility into vendor contracts, spend, renewals, and compliance risks. The platform automatically 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 critical dates. It not only identifies inefficiencies—it takes action, issuing alerts, initiating workflows, and providing recommendations across the vendor lifecycle.
For instance:
- 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 kind of automation once reserved for enterprise procurement platforms like Coupa or SAP to startups and mid-sized businesses—at a fraction of the cost.
A Timely Solution for a Growing Problem
Vendor management has become a boardroom issue. As more companies shift budgets from headcount to outsourced services, compliance and financial oversight have become harder to maintain. 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 more than 50 customers, including Every Man Jack, Rho, Density, HouseRx, Fexa, and ZeroEyes.
“The CFO is the one left holding the bag when things go wrong,” said Brandon Lee, Accounting Manager at BizzyCar. “Stackpack means we don’t have to cross our fingers every quarter.”
Beyond Visibility: Enabling Smarter Vendor Decisions
Alongside its core platform, Stackpack is launching Requests & Approvals, a lightweight tool to simplify vendor onboarding and purchasing decisions—currently in beta. The feature is already attracting customers looking for faster, more agile alternatives to traditional procurement systems.
With a long-term vision to help companies not only manage but discover and evaluate vendors more strategically, Stackpack is laying the groundwork for a smarter, interconnected vendor ecosystem.
“Every vendor decision carries legal, financial, and security consequences,” said Dave Samuel, General Partner at Freestyle Capital. “Stackpack is building the intelligent infrastructure to manage these relationships proactively.”
The Future of Vendor Operations
As third-party ecosystems grow in size and complexity, Stackpack aims to transform vendor operations from a liability into a competitive advantage. Its AI-powered approach gives companies a modern operating system for vendor management—one that’s scalable, proactive, and deeply integrated into finance and operations.
“This isn’t just about cost control—it’s about running a smarter company,” said Wyman. “Managing your vendors should be as strategic as managing your talent. We’re giving companies the tools to make that possible.”
With fresh funding and a rapidly expanding customer base, Stackpack is poised to become the new standard for how modern businesses manage the partners powering their growth.
