About Keelvar Tech
Keelvar Tech is a Technology company based in Ireland founded in 2012. AI and web-based sourcing optimization software is offered for procurement. Keelvar Tech has raised $42.96 million across 4 funding rounds from investors including Enterprise Ireland, 83NORTH and Elephant Elephant. Its website keelvar.com draws about 26 thousand monthly visits. Keelvar Tech offers products and services including Sourcing Optimizer, Autonomous Sourcing, and Rate Manager. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Source To Pay.
Company details
Keelvar Tech was founded in 2012 in Ireland. AI and web-based software is provided for sourcing optimization in procurement processes. Bid data is collected beyond price factors, and cost trade-offs are evaluated against objectives like supplier diversity, risk management, and incumbent switching. Greater competitive tensions among bidders are driven, with value maximization supported in tendering. The software is used in sectors including transport and freight, retail, government, and manufacturing.
- Headquarters Ireland
- SectorsTechnology
- Website keelvar.com
- Social LinkedIn X
- Total Equity Funding$42.96M (USD)
in 4 rounds
- Latest Funding Round$24M (USD), Series B
May 2022
- InvestorsEnterprise Ireland
& 7 more
Products & Services of Keelvar Tech
Keelvar Tech offers a comprehensive portfolio of products and services, including Sourcing Optimizer, Autonomous Sourcing, and Rate Manager.
Software for managing complex tenders and optimizing spend.
Automates workflows for simple and repetitive sourcing events.
Tool for real-time supplier rate monitoring and updates.
Funding Insights of Keelvar Tech
Keelvar Tech has successfully raised a total of $42.96M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $24 million completed in May 2022. 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 $42.96M
- Total Rounds 4
- Last Round Series B — $24M
- Investors Count 8
All 4 funding rounds of Keelvar Tech 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 |
|---|---|---|---|---|---|
| May 2022 | $24M | Series B | – | 83NORTH | |
| Jun 2020 | $18M | Series A | – | Elephant Venture Capital, Mosaic Ventures | |
| Nov 2012 | $960,375 | Seed | – | Act Venture Capital | |
| Aug 2012 | Seed | – | Act Venture Capital |
8 investors in total: 8 institutional.
Investors in Keelvar Tech
Keelvar Tech has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Enterprise Ireland, 83NORTH and Elephant Elephant.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech-focused, stage-agnostic venture capital is provided by 83NORTH. | 83north.com | London, United Kingdom | ||
Venture capital firm dealing with enterprise software, consumer internet, and mobile markets. | elephantvc.com | |||
Early-stage investments in European sectors are managed by Mosaic Ventures. | mosaicventures.com | London, United Kingdom | ||
Investments in pre-seed and seed-stage startups are made by SquareOne. | squareone.vc | Berlin, Germany | ||
Venture capital funding is provided for early-stage Irish companies. | enterpriseequity.ie | Dun Laoghaire, Ireland | ||
Early-stage venture capital funding is provided to innovative companies. | actventure.capital | Dublin, Ireland | ||
| aibseedcapitalfund.ie | ||||
Support is provided to Irish manufacturing and service sector businesses. | 1998 | enterprise-ireland.com | Dublin, Ireland |
Investor details for Keelvar Tech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Keelvar Tech
22 people are tracked at Keelvar Tech (9 in leadership, 5 in board & advisors, 8 in team).
| Name | Role | Group |
|---|---|---|
David Walsh | VP Of Finance | Leadership |
Alan Holland | Founder & CEO | Leadership |
Ríona Hegarty | VP Of Marketing | Leadership |
Valentina Roques | Chief Growth Officer | Leadership |
Toby Hannon | VP Of Sales | Leadership |
Tara Dixon | VP Of Product | Leadership |
Dylan Alperin | Chief Customer Officer | Leadership |
Martin Smith | Sales Director | Leadership |
Maura McNamara | Legal Director | Leadership |
Toby Coppel | Director | Board & advisors |
David Clarke | Chair | Board & advisors |
Peter Fallon | Director | Board & advisors |
Rich Wilson | Director | Board & advisors |
Philip Chopin | Director | Board & advisors |
Fiona Kelleher | People Operations Manager | Team |
Eoghan Hearne | Account Executive | Team |
David Siedt | Senior Analyst | Pre-sales Engineer | Team |
David M. | IT Manager | Team |
Meadhbh Kenny | Senior Manager, Demand Generation | Team |
Constantin Herbertz | Enterprise Account Executive | Team |
2 more people are available in the full profile.
Complete people profiles for Keelvar Tech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Keelvar Tech
3 dated milestones of Keelvar Tech across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Keelvar Tech is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $24.0M.
Web traffic of Keelvar Tech
The website of Keelvar Tech (keelvar.com) receives about 25.8K visits a month.
- Monthly visits25.8K
▲ 82.6% vs previous month
Websites whose visitors overlap most with Keelvar Tech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| archlet.io | 100% | 19.6K | #1,088,561 | View details | |
| fairmarkit.com | 82% | 135.5K | #294,286 | View details | |
| lightsource.ai | 82% | 27.8K | #1,118,415 | View details | |
| spendmatters.com | 82% | 30.6K | #969,184 | View details |
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Frequently Asked Questions about Keelvar Tech
Keelvar Tech was founded in 2012.
Keelvar Tech is headquartered in Ireland.
Keelvar Tech is a funded company, having raised a total of $42.96M across 4 funding rounds to date.
Keelvar Tech was founded in 2012 in Ireland. AI and web-based software is provided for sourcing optimization in procurement processes. Bid data is collected beyond price factors, and cost trade-offs are evaluated against objectives like supplier diversity, risk management, and incumbent switching. Greater competitive tensions among bidders are driven, with value maximization supported in tendering. The software is used in sectors including transport and freight, retail, government, and manufacturing.
Keelvar Tech offers Sourcing Optimizer, Autonomous Sourcing, and Rate Manager.
Keelvar Tech has 8 investors. Key investors include Enterprise Ireland, 83NORTH, Elephant Elephant, Mosaic Ventures, and SquareOne.