June 2006

SupplyScape raises $8m

WOBURN, Mass. — SupplyScape Corp. has raised $8 million in a second round of funding.

The financing included new investors Pfizer Strategic Investments Group and Bethesda Partners, as well as participation from existing investors IDG Ventures, North Bridge Venture Partners, and Pilot House Ventures. The company also added Robert K. Dresing, co-founder of Bethesda Partners, to its board of directors.

The Woburn, Mass.-based SupplyScape makes drug identity software for the pharmaceutical industry.

"As the drug industry intensifies efforts to improve supply chain efficiency and reduce counterfeiting and diversion, SupplyScape has worked hand-in-hand with Pfizer and other pharmaceutical companies towards better supply chain management approaches with pedigrees and RFID that deliver on the promise of a safe and secure supply chain," said SupplyScape shairman and chief executive officer Shabbir Dahod. "This additional capital prepares the company to invest in solutions that increase the value attainable from a supply chain operating at higher levels of security and real time information sharing.