Detroit-based Bloom said Wednesday it raised a $3.6 million seed round led by SNAK Venture Partners, a marketplace-focused investment firm. Flyover Capital, an early-stage investor focused on flyover states, and deep tech firm Mana Ventures also joined the round. Local backers include Detroit Venture Partners, Invest Detroit Ventures, and the Michigan Outdoor Innovation Fund.
Bloom, co-founded in 2023 by CEO Justin Kosmides, initially set out to handle logistics, manufacturing, and supply chain work for e-bike and e-scooter companies. After Donald Trump was re-elected and imposed tariffs on dozens of countries, partly to boost U.S. manufacturing, the startup shifted to a pure marketplace model that connects buyers and sellers. It now builds supply chain AI agents that customers use to find suppliers, parts, and manufacturing and engineering services. Kosmides has described the company as an AI-driven version of what Alibaba did in China by creating a marketplace for contract manufacturers.
The reinvention slowed Bloom's fundraising, but the company says it has made more than 2,000 matches for over 140 companies. SNAK first met Bloom in April of last year, early enough in the pivot that the firm passed on the pre-seed round, saying it liked the founder and the thesis but wanted more traction. Bloom stayed in touch, and by May of this year it had made as much revenue in five months as in all of 2025, according to SNAK, which also said platform memberships grew fivefold with low churn. SNAK wrote that a pass on pre-seed is not always a pass forever.
Kosmides said fundraising has been ruthless for startups like Bloom, and that finding investors willing to write a term sheet rather than follow one is getting harder. He said Bloom courted other term sheets but chose SNAK, founded by longtime retail executive Sonia Nagar, to help build a marketplace for mobility, drones, and hardware. He added that he is excited to be done with fundraising and get back to building.
Bloom's platform handles both sides of a supplier relationship, letting customers post contract opportunities or bid on them, and manages quoting, booking, and payment. The company matches businesses with suppliers for contract manufacturing, assembly, design and engineering, freight, warehousing, repairs, and hazardous-materials shipping. Kosmides said parts marketplaces such as Fictiv, Xometry, and MacroFab are good for finding one particular part, but that matching a drone or electric motorcycle company with a provider that meets many requirements and can bid on an opportunity is more complicated.
Kosmides said the system relies on data about each provider, much of it public and roughly 30 to 40 percent supplied directly by the companies. He said Bloom began with manually booking services and built up understanding as its provider network and transactions grew, an approach he argued yields accuracy that scraping alone could not reach. He said the platform can help small manufacturers without big marketing budgets or sales teams, citing one Michigan contract manufacturer that once took odd jobs such as refurbishing Nest thermostats and Bird scooters and is now bidding on drone assembly contracts. He said discovery and matchmaking are what is truly missing from U.S. manufacturing and do not exist electronically.
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