Bloom has raised $3.6 million in a seed round to fund its marketplace connecting buyers and suppliers in the U.S., modeled on what Alibaba did in China. The funding round was led by SNAK Venture Partners, a firm that specializes in marketplace investments, with contributions from Flyover Capital, Mana Ventures, and local supporters including Detroit Venture Partners, Invest Detroit Ventures, and the Michigan Outdoor Innovation Fund.
Founded in 2023 by Justin Kosmides in Detroit, Bloom seeks to tackle the logistics and supply chain challenges faced by e-bike and e-scooter companies. Kosmides noticed that many of these businesses struggled and often failed because they were hesitant to outsource critical tasks. The re-election of Donald Trump brought tariffs on dozens of countries, partially aimed at jump-starting U.S. manufacturing, creating a favorable climate for Bloom to shift its strategy.
Initially, Bloom focused on managing behind-the-scenes operations for its clients. However, as the need for a strong domestic supply chain grew, the company pivoted to a pure marketplace model. This new direction centers on developing AI-driven supply chain agents that assist businesses in finding suppliers, parts, and engineering services. So far, Bloom has facilitated over 2,000 matches for more than 140 companies.
During the fundraising process, Kosmides remarked on the increasing difficulty of attracting investors. He explained that demonstrating value in the current funding environment, where many are skeptical about what makes a good investment, has been challenging. SNAK initially passed on Bloom’s pre-seed round, saying it wanted to see more traction. By May 2026, Bloom had generated as much revenue in five months as it did throughout all of 2025, and platform memberships had grown fivefold with low churn.
Bloom’s platform handles both sides of a supplier relationship. Customers can post contract opportunities, and suppliers can bid on them. The platform efficiently manages quoting, booking, and payment, supporting a range of services including contract manufacturing, assembly, design and engineering, freight, warehousing, repairs, and hazardous-materials shipping.
To boost its matchmaking capabilities, Bloom has incorporated a wealth of data about providers on its platform. While much of this information is publicly available, around 30-40% comes directly from the companies themselves. Kosmides said that as the startup onboards more clients and makes more matches, the data only gets better. Kosmides believes this system will not only simplify supplier relationships but also create opportunities for small manufacturers that lack extensive marketing resources.
One example Kosmides shared involved a Michigan-based contract manufacturer that, until it started working with Bloom, took on various low-profile projects, such as refurbishing Nest thermostats and working on displays for Chick-fil-A. After partnering with Bloom, it is now bidding on drone assembly contracts.
