Qiva, a provider of international supply chain execution solutions for Global 2000 companies, today announced first-round financing of $12.6m.

The financing will be used to expand the software, sales and marketing operations for Qiva's internet-based supply chain execution product line.

The investment was led by Bessemer Venture Partners, a leading early stage venture firm, and included participation from Net Market Partners and Aurora Investments LLC, a private partnership comprising professionals from investment firm KKR, and private investors including Ed Scarff, Chris Mumford, and Tully Friedman.

Qiva develops and delivers solutions that give retailers, manufacturers and transport service providers managed supply-chain visibility and supply-chain event management capabilities over their entire collaborative supply chain activities.

"The real work of business e-commerce is just getting started, in terms of automating and streamlining inter-enterprise collaboration," said Oliver Martin, founder and chairman of Qiva. "We believe that tomorrow's winners will be those companies that can manage their entire supply chain efficiently and intelligently, by delivering goods on time, in full every time, and by collectively managing visibility throughout the supply chain. Qiva is uniquely positioned to drive this next wave of business automation with its IQuator technology."

Qiva's Internet-based technology gives all parties involved in global e-business a neutral platform from which to monitor, synchronise and control supply chain events from purchase order creation to production and through delivery execution. Qiva's offerings enable partners to take a proactive role in managing and responding to supply-chain events - whether planned or unplanned - as they occur throughout the supply chain.

"Qiva's vision of the supply chain is unparalleled," said Tom Barrie, managing director for Currie European Systems. "In the new international trade environment, information and collaboration play principle roles in enabling service providers to act faster and in a more business partner-centric fashion. It recognises that clients and transportation service providers don't necessarily want to change who they're working with, but how they work together."

Joining the board of directors will be Joanna Strober, general partner at Bessemer Venture Partners, whose other investments include Flycast, Tumbleweed Software, and Worldchain, and Bryan Taylor, managing director of the Valent Group.

About Qiva
Qiva's products and services are based on 12 years of experience with suppliers, customers and transportation service providers in the global transportation industry. Qiva offers service and support across five continents in 14 languages. The company is headquartered in San Francisco, California with sales and support offices in the US, Europe, Asia and Australia. It received first-round financing of $12.6m in November 2000 and is backed by Bessemer Venture Partners. For more information, visit the company's website at www.qiva.com.