About Perfect Commerce
Perfect Commerce is a company based in Newport News (United States) founded in 1994 was acquired by Proactis in July 2017. Perfect Commerce has raised $47.17 million across 3 funding rounds from investors including Duke Energy, PG&E and Southern Company. Perfect Commerce has completed 2 acquisitions, including Commerce One and Hubwoo. Perfect Commerce operates in a competitive market with competitors including Tipalti, Sage Group, Coupa, MineralTree and Airbase, among others.
- Headquarter Newport News, United States
- SectorsTechnology
- Website perfect.com
- Social LinkedIn
- Acquired by Proactis (Jul 2017)
- Total Equity Funding$47.17M (USD)
in 3 rounds
- Latest Funding Round$12.67M (USD), Series B
Jul 2014
- InvestorsDuke Energy
& 13 more
- Investments & AcquisitionsCommerce One
& 1 more
- Acquired byProactis
(Jul 2017)
Funding Insights of Perfect Commerce
Perfect Commerce has successfully raised a total of $47.17M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $12.67 million completed in July 2014. 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 $47.17M
- Total Rounds 3
- Last Round Series B — $12.67M
- First Round $4.5M
(Dec 1999)
- Investors Count 13
All 3 funding rounds of Perfect Commerce 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 |
|---|---|---|---|---|---|
| Jul 2014 | $12.67M | Series B | – | – | – |
| Nov 2005 | $30M | Series B | – | Apax | |
| Dec 1999 | $4.5M | Seed | – | – |
14 investors in total: 13 institutional and 1 angel.
Investors in Perfect Commerce
Perfect Commerce has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Duke Energy, PG&E and Southern Company.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Equity investments are focused on tech, services, and consumer sectors. | 1981 | apax.com | Hong Kong, China | |
Mayfield is focused on AI innovation and venture capital investments. | – | mayfield.com | Menlo Park, United States | |
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
- | – | dtventures.com | - | |
- | – | mobiusvc.com | - | |
Mid market focused private equity firm | – | oakhill.com | New York, United States | |
Early-stage tech startups are invested in by Rho Capital Partners. | – | rho.com | New York, United States | |
Energy utilities, natural gas, and communications technology are provided. | 1912 | southerncompany.com | United States | |
Energy-based holding company | 1905 | pge.com | United States | |
Energy-related products and services are provided in the utilities sector. | 1823 | coned.com | New York, United States |
Investor details for Perfect Commerce
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.
Investments & Acquisitions by Perfect Commerce
Perfect Commerce has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Commerce One and Hubwoo.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of source-to-pay software | hubwoo.com | Paris, France | 1999 | Jun 2015 | $30.3M | |
Provides B2B e-commerce and supplier relationship management solutions. | commerceone.com | Walnut Creek, United States | 1994 | Feb 2006 | •••• |
Complete acquisition details for Perfect Commerce
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Perfect Commerce
6 dated milestones of Perfect Commerce across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Perfect Commerce is founded.
- Funding First funding round of $4.5M.
- Acquisition Acquires Commerce One.
- Funding Latest funding round, Series B, of $12.7M.
- Acquisition Acquires Hubwoo.
- Exit Acquired by Proactis.
Competitors of Perfect Commerce
Perfect Commerce 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.
| 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. | |
| mineraltree.com | 2010 | Cambridge, United States | $123.38M | 26 | Cloud-based accounts payable automation is delivered for businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| chromeriver.com | 2007 | Los Angeles, United States | $155M | 277 | Cloud-based expense reporting & invoice management solutions for businesses |
Detailed competitors of Perfect Commerce
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 Perfect Commerce
Websites that share an audience with Perfect Commerce (perfect.com).
Websites whose visitors overlap most with Perfect Commerce. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ariba.com | 100% | 10.3M | #2,464 | View details | |
atkearneypas.com | atkearneypas.com | 99% | – | – | – |
| hubwoo.com | 91% | 11.5K | #1,371,050 | View details | |
| bravosolution.com | 91% | 108.7K | #314,711 | View details | |
info-ecommerce.fr | info-ecommerce.fr | 82% | – | #7,878,974 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Perfect Commerce
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to Perfect Commerce
10 companies that operate in the same segment as Perfect Commerce (Finance & Accounting Applications), 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 | 2,360 | |
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 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Perfect Commerce
Perfect Commerce was founded in 1994 and raised its 1st funding round 5 years after it was founded.
Perfect Commerce is headquartered in Newport News, United States. It is registered at Newport News, Virginia, United States.
Perfect Commerce is a funded company, having raised a total of $47.17M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.5M, raised on Dec 1999.
Perfect Commerce was founded in 1994 and is headquartered in Newport News, United States. Cloud-based solutions for spend management and procurement operations are provided, targeting industries such as chemicals, retail, energy, financial services, health and medical, hospitality, food products, and education. Key products include PerfectProcure for controlling the procure-to-pay process and PerfectShop for improving visibility of approved goods and services. Organizational needs are identified to support these functions across sectors.
Perfect Commerce's top competitors include Coupa, Sage Group and Airbase.
Perfect Commerce has made 2 acquisitions, including Commerce One, and Hubwoo.
Perfect Commerce has 14 investors. Key investors include Duke Energy, PG&E, Southern Company, Apax Partners, and FirstEnergy Corp.
Yes. Perfect Commerce was acquired by Proactis in July 2017.