About Directworks
Directworks is a company based in Wexford (United States) founded in 2004 was acquired by Ivalua in October 2017.. Directworks has raised $2 million across 1 funding round from investors including Ivalua and Draper Triangle. The company has 20 employees as of December 31, 2016. Directworks operates in a competitive market with competitors including Globality, Scoutbee, Fairmarkit, Scout RFP and supplier.io, among others.
- Headquarter Wexford, United States
- Employees 20 as on 31 Dec, 2016
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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 Directworks, Inc.
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Funding Insights of Directworks
Directworks has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Series A round of $2 million completed in February 2010. 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 Total Funding
- Total Rounds 1
- Last Round Series A — $2.0M
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First Round
First Round
(01 Feb 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2010 | Amount | Series A - Directworks | Valuation | Draper Triangle |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Directworks
Directworks has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ivalua and Draper Triangle. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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US focused early stage VC investments company
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Founded Year | Domain | Location | |
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Procurement management solutions are delivered for business operations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Directworks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Directworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Directworks Comparisons
Competitors of Directworks
Directworks 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 Globality, Scoutbee, Fairmarkit, Scout RFP and supplier.io, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An AI-based platform for global sourcing and outsourcing is offered.
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| domain | founded_year | HQ Location |
Multi-category products are listed on an AI-driven B2B platform.
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| domain | founded_year | HQ Location |
Cloud-based tail spend management is delivered for business procurement.
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| domain | founded_year | HQ Location |
Cloud-based platform for automating RFPs and supplier bidding is offered.
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| domain | founded_year | HQ Location |
Web-based supply chain sourcing solutions are provided to businesses.
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| domain | founded_year | HQ Location |
SaaS-enabled solutions for e-commerce operations management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Directworks
When was Directworks founded?
Directworks was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Where is Directworks located?
Directworks is headquartered in Wexford, United States. It is registered at Wexford, Pennsylvania, United States.
Is Directworks a funded company?
Directworks is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Series A of $2M, raised on Feb 01, 2010.
How many employees does Directworks have?
As of Dec 31, 2016, the latest employee count at Directworks is 20.
What does Directworks do?
Directworks(previous Co-eXprise, Inc) offers a sourcing platform for manufacturing firms to collaborate with the suppliers, assess and negotiate with them. It offers solutions to manage the Bill of Material through the supplier selection process, data-driven selection of the best supplier and supplier parts qualification. Some of the client includes Rexnord, BorgWarner, Danaher, Stryker, Valerus etc. It was named a 2015 Provider to Watch by Spend Matters.
Who are the top competitors of Directworks?
Directworks's top competitors include Globality, Fairmarkit and Scoutbee.
Who are Directworks's investors?
Directworks has 2 investors. Key investors include Ivalua, and Draper Triangle.
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