About BuyerQuest
BuyerQuest is a company based in Cleveland (United States) founded in 2011 was acquired by The ODP in February 2021. BuyerQuest has raised $15.4 million across 5 funding rounds from investors including Western Alliance Bank, The ODP and Argentum Group. The company has 28 employees as of December 31, 2022. BuyerQuest offers products and services including eProcurement Platform and Varis Suppliers. BuyerQuest operates in a competitive market with competitors including Tipalti, Sage Group, Coupa, MineralTree and Airbase, among others.
- Headquarter Cleveland, United States
- Employees 28 as on 31 Dec, 2022
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Buyerquest, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$15.4 M (USD)
in 5 rounds
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Latest Funding Round
$3 M (USD), Series A
Jun 16, 2017
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Investors
Western Alliance Bank
& 3 more
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Employee Count
28
as on Dec 31, 2022
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Acquired by
The ODP
(Feb 18, 2021)
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Products & Services of BuyerQuest
BuyerQuest offers a comprehensive portfolio of products and services, including eProcurement Platform and Varis Suppliers.
Platform for managing supplier catalogs and business purchases
Network for connecting high-quality B2B suppliers
People of BuyerQuest
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Funding Insights of BuyerQuest
BuyerQuest has successfully raised a total of $15.4M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in BuyerQuest
BuyerQuest has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Western Alliance Bank, The ODP and Argentum Group.
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Multiple sectors are invested in by the private equity firm.
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Venture capital and transaction advisory services for B2B tech companies.
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Commercial banking services, including loans and treasury management, are provided.
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Investor details for BuyerQuest
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Investments & Acquisitions by BuyerQuest
Investment portfolio details for BuyerQuest
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Financial Statements - BuyerQuest
Detailed financials for BuyerQuest
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Buyerquest Comparisons
Peer comparison for BuyerQuest
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of BuyerQuest
BuyerQuest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tipalti, Sage Group, Coupa, MineralTree and Airbase, among others.
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Cloud-based accounting and payroll solutions for small and medium businesses
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Cloud-based end-to-end spend management software is delivered for businesses.
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Cloud-based accounts payable automation is delivered for businesses.
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Procure-to-pay management software is offered for business operations.
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Corporate cards and expense management are offered to businesses.
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Detailed competitors of BuyerQuest
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Latest news on Buyerquest
Complete news archive for BuyerQuest
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Frequently Asked Questions about BuyerQuest
BuyerQuest was founded in 2011 and raised its 1st funding round 1 year after it was founded.
BuyerQuest is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
BuyerQuest is a funded company, having raised a total of $15.4M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at BuyerQuest is 28.
Founded in 2011 and based in Cleveland, United States, BuyerQuest operates in the software sector focused on procurement processes. E-procurement, indirect spend management, supplier ordering, invoice automation, and ERP integrations are handled through its platform. A B2B marketplace connects suppliers and vendors for procurement needs. Services such as catalogue management and procurement of services are included, with clients encompassing organizations like Disney.
BuyerQuest's top competitors include Coupa, Sage Group and Airbase.
BuyerQuest offers eProcurement Platform and Varis Suppliers.
BuyerQuest has 4 investors. Key investors include Western Alliance Bank, The ODP, Argentum Group, and First Analysis.