About BuyerQuest
BuyerQuest is a Technology company based in Cleveland (United States) founded in 2011, and was acquired by The ODP in February 2021. Procure-to-pay software is provided for e-procurement and spend management. 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. BuyerQuest offers products and services including eProcurement Platform and Varis Suppliers. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Procure To Pay. Its legal entity is BUYERQUEST, INC. Its competitors include Tipalti, Sage Group and Coupa; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Cleveland, United States
- Employees 28
- Stage Acquired
- SectorsTechnology
- Website buyerquest.com
- Social LinkedIn X Facebook
- Acquired by The ODP (Feb 2021)
- Legal Name Buyerquest, Inc.
- Total Equity Funding$15.4M (USD)
in 5 rounds
- Latest Funding Round$3M (USD), Series A
Jun 2017
- InvestorsWestern Alliance Bank
& 3 more
- Employee Count28
- Acquired byThe ODP
(Feb 2021)
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
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.
- Total Funding $15.4M
- Total Rounds 5
- Last Round Series A — $3M
- First Round $1M
(Jan 2012)
- Investors Count 3
All 5 funding rounds of BuyerQuest with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $3M | Series A | – | – | – |
| Feb 2017 | $4M | Debt – Conventional | – | – | |
| Sep 2015 | $7.4M | Series A | – | Argentum Group | |
| Jan 2013 | $4M | Series A | – | – | – |
| Jan 2012 | $1M | Seed | – | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by the private equity firm. | argentumgroup.com | New York, United States | ||
Venture capital and transaction advisory services for B2B tech companies. | firstanalysis.com | |||
Commercial banking services, including loans and treasury management, are provided. | 2001 | westernalliancebancorporation.com | Phoenix, United States | |
The ODP was founded in 2019 in the United States. | 2019 | theodpcorp.com | United States |
Investor details for BuyerQuest
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of BuyerQuest
3 people are tracked at BuyerQuest (3 in team); the tracked headcount is 28.
| Name | Role | Group |
|---|---|---|
Yevhenii Khyzhniak | QA Engineer | Team |
Tania Lymarenko | Product Manager And QA Lead | Team |
Jimmy Yang | Quality Assurance Engineer | Team |
Complete people profiles for BuyerQuest
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of BuyerQuest
4 dated milestones of BuyerQuest across 10 years, from founding to its latest funding, stage changes and deals.
- Founded BuyerQuest is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A, of $3.0M.
- Exit Acquired by The ODP.
Competitors of BuyerQuest
BuyerQuest has 3 listed competitors in our database, 2 of them funded. They include Tipalti, Sage Group and Coupa.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| sage.com | 1981 | United States | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | ||
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. |
Detailed competitors of BuyerQuest
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of BuyerQuest
The website of BuyerQuest (buyerquest.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 15.7% vs previous month
Websites whose visitors overlap most with BuyerQuest. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
procurementclassroom.com | procurementclassroom.com | 100% | #7,218,562 | – | |
jla.co.uk | jla.co.uk | 97% | #1,047,833 | – | |
tsleads.com | tsleads.com | 54% | – | ||
punchoutcatalogs.com | punchoutcatalogs.com | 25% | #8,683,404 | – |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as BuyerQuest (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Buyerquest
Complete news archive for BuyerQuest
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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. The company's 1st funding round was a Seed of $1M, raised on Jan 2012.
BuyerQuest has 28 employees.
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 Tipalti.
BuyerQuest offers eProcurement Platform and Varis Suppliers.
BuyerQuest has 4 investors. Key investors include Western Alliance Bank, The ODP, Argentum Group, and First Analysis.
BuyerQuest operates through Buyerquest, Inc..
Yes. BuyerQuest was acquired by The ODP in February 2021.