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ControlHub Inc. is an American cloud-based procurement software company that provides products and services tailored for small and medium-sized enterprises (SMEs) including purchasing management, supplier management, inventory management, and e-commerce and ERP integration.
ControlHub, founded in 2020 by Rodrigo Santibañez[1] and Leonardo de la Cerda, provides spend management solutions for businesses with hardware purchasing needs. The company operates globally, supporting organizations in optimizing procurement processes and addressing operational inefficiencies.
The cloud-based platform manages spending processes, including purchase requests and invoice reconciliation. It integrates with e-commerce platforms like Amazon, McMaster-Carr, and Digi-Key, as well as accounting software like QuickBooks and ERP systems like NetSuite. ControlHub is used by industries such as manufacturing, engineering, and construction.
History
editControlHub was established in 2020 to improve procurement processes. The company developed a SaaS-based solution focused on spend management, initially adopted by small and medium-sized startups in the hardware-tech sector.
Through integrations with e-commerce platforms such as Amazon, McMaster-Carr, Digi-Key, and Mouser Electronics, the platform allows businesses to track and manage hardware purchases. Over time, ControlHub added features to address procurement needs such as three-way invoice matching, supplier management, and spend analysis.
In 2022, the company launched the BuilderNation podcast[2], bringing together leaders from hardware-tech startups to discuss challenges and strategies related to product development. The podcast explores various topics within the tech sector, featuring guests from companies in robotics, aerospace, manufacturing, and related fields.
In 2023, the company introduced new features within its software, including invoice tracking and approval workflows, in response to demand for improved purchasing systems. This development contributed to the expansion of the client base across sectors such as Space, Drones, Robotics, Automotive, LiDAR, Batteries, Semiconductors, Renewables, Medical Devices, and Agtech.
Investors and Funding
editControlHub has received investment from various investors, including Commerce Ventures, Act One Ventures[3], TNT Ventures, Ulu Ventures[4], Brainstorm Ventures, and SoftBank Opportunity Fund[5]. The company participated in Y Combinator’s Winter 2021 (W21) cohort[6]. This investment, combined with a subsequent seed funding round led by multiple venture capital firms from Silicon Valley, contributed to the company's development and expansion.
Technology
editThe ControlHub software automates and organizes procurement processes to help businesses manage spending. Key features include: Purchase Order (PO) management, approval workflows, supplier management, accounting & ERP integrations.
The platform integrates with e-commerce, accounting, and inventory systems to support procurement activities. Its automation reduces manual data entry and paperwork, helping businesses maintain control over spending and make data-driven purchasing decisions.
References
edit- ^ Dornin, Rusty (October 14, 2021). "The Spend Manager". Ulu Ventures.
- ^ "BuilderNation podcast launches Procurement Special Edition". Supply Chain Dive. November 24, 2024.
- ^ "We back founders at the pre-seed and seed stage". Act One Ventures.
- ^ "Ulu Ventures Companies". Ulu Ventures. 28 July 2022.
- ^ "Companies". Open Opportunity Fund.
- ^ "Y Combinator Startup Directory W21". Y Combinator. 2021.