Sourcify is connecting entrepreneurs directly to pre-vetted overseas factories

#News(Startup) [ via IoTForIndiaGroup ]

Enter Sourcify, a manufacturing platform that directly connects customers with factories overseas. The startup was founded by Nathan Resnick and is part of YC’s Winter 2018 batch.

Sourcify is one-part product management tool and one-part directory of hundreds of pre-vetted manufacturers, all of which are personally sourced and approved by Resnick and his company.

Customers who want to order a product sign up and pay a $500 fee, plus anywhere between 1-10% of the total order cost. After gathering some details about your project Sourcify sends the info to factories for quotes, lead-times and possible samples. Sourcify is seeing a 92% conversion rate after an order is submitted.

So far Sourcify supports about 100 different product categories, with about 5-10 factories per product category. Most factories are based in China, but some are spread across Asia with a few in Mexico.

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