About Directworks
Directworks is a Technology company based in Wexford (United States) founded in 2004, and was acquired by Ivalua in October 2017. Sourcing platform is provided for manufacturing firms supplier collaboration. Directworks has raised $2 million across 1 funding round from investors including Ivalua and Draper Triangle. The company has 20 employees. The company was acqui-hired. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Source To Pay. Its legal entity is DIRECTWORKS, INC. Its competitors include Globality, Fairmarkit and Scout RFP; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Wexford, United States
- Employees 20
- Stage Acquired
- SectorsTechnology
- Website directworks.com
- Social LinkedIn X
- Acquired by Ivalua (Oct 2017)
- Legal Name Directworks, Inc.
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 $2M
- Total Rounds 1
- Last Round Series A — $2M
- First Round $2M
(Feb 2010)
- Investors Count 1
All 1 funding rounds of Directworks 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 |
|---|---|---|---|---|---|
| Feb 2010 | $2M | Series A | – | Draper Triangle | – |
2 investors in total: 2 institutional.
Investors in Directworks
Directworks has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ivalua and Draper Triangle.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused early stage VC investments company | 1999 | drapertriangle.com | Pittsburgh, United States | |
Procurement management solutions are delivered for business operations. | 2000 | ivalua.com | Redwood City, United States |
Investor details for Directworks
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.
Timeline of Directworks
3 dated milestones of Directworks across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Directworks is founded.
- Funding First funding round of $2.0M.
- Exit Acquired by Ivalua.
Competitors of Directworks
Directworks has 3 listed competitors in our database, 3 of them funded. They include Globality, Fairmarkit and Scout RFP.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| globality.com | 2015 | Palo Alto, United States | $367.55M | 171 | An AI-based platform for global sourcing and outsourcing is offered. | |
| fairmarkit.com | 2017 | Boston, United States | $77.49M | 102 | Cloud-based tail spend management is delivered for business procurement. | |
| scoutrfp.com | 2013 | San Francisco, United States | $60.93M | 72 | Cloud-based platform for automating RFPs and supplier bidding is offered. |
Detailed competitors of Directworks
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.
Top companies in Procurement & Supply Chain IT
3 companies that operate in the same segment as Directworks (Procurement & Supply Chain IT) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 38.56 M | 3,711 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 | ||
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | USD 5.43 B | 9,900 |
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Frequently Asked Questions about Directworks
Directworks was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Directworks is headquartered in Wexford, United States. It is registered at Wexford, Pennsylvania, United States.
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 2010.
Directworks has 20 employees.
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.
Directworks's top competitors include Globality, Fairmarkit and Scout RFP.
Directworks has 2 investors. Key investors include Ivalua, and Draper Triangle.
Directworks operates through Directworks, Inc..
Yes. Directworks was acquired by Ivalua in October 2017.