On Tuesday, March 9th, First Index, a supplier-pays marketplace and former direct materials sourcing and supply chain consultancy, closed its doors. First Index had received significant funding from LMS Capital, a UK-based firm, and Bessemer ventures. Earlier today, I called their headquarters (509-363-1997) and listened to a recording saying they had “ceased all operations” (hat-tip: AJ Sweatt). First Index’s decline marks the end of a long struggle to build a business model that once saw them hit roughly 100 employees and over $10 million in revenue, but that eventually ended in failure as they spiraled through business models and got caught up in the manufacturing downturn.
Founded nearly twenty years ago, First Index formerly competed against Accenture, Deloitte, and FreeMarkets as a sourcing and supply chain direct materials consultancy…
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Do you have any company profiles that one could coontact that were similar to First Index?