About Procoto
Procoto is a company based in Atlanta (United States) founded in 2020.. Procoto has raised $125 thousand across 2 funding rounds from investors including Tampa Bay Ventures and Y Combinator. The company has 4 employees as of December 31, 2022. Procoto offers products and services including Procoto Software, Contract Digitization, and Vendor Management Tool. Procoto operates in a competitive market with competitors including Coupa, Airbase, Bizongo, Procurify and Ivalua, among others.
- Headquarter Atlanta, United States
- Employees 4 as on 31 Dec, 2022
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Procoto, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Tampa Bay Ventures
& 1 more
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Employee Count
4
as on Dec 31, 2022
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Products & Services of Procoto
Procoto offers a comprehensive portfolio of products and services, including Procoto Software, Contract Digitization, and Vendor Management Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates bidding and analysis for efficient sourcing processes
Digitizes and centralizes contract terms for easy access
Centralizes vendor data and performance metrics for businesses
Funding Insights of Procoto
Procoto has successfully raised a total of $125K across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(15 Mar 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - Procoto | Valuation | Tampa Bay Ventures |
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| Mar, 2021 | Amount | Seed - Procoto | Valuation | Y Combinator |
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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 |
investors |
Investors in Procoto
Procoto has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Tampa Bay Ventures and Y Combinator. 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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A venture capital firm focused on Tampa Bay startups.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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 Procoto
| 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 - Procoto
| 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 |
Procoto Comparisons
Competitors of Procoto
Procoto 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 Coupa, Airbase, Bizongo, Procurify and Ivalua, 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 |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
SaaS spend management software is used to automate procure-to-pay operations.
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| domain | founded_year | HQ Location |
Procurement management solutions are delivered for business operations.
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| domain | founded_year | HQ Location |
Cloud-based sourcing and procurement solutions are provided for multiple industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Procoto
Frequently Asked Questions about Procoto
When was Procoto founded?
Procoto was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Procoto located?
Procoto is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Procoto a funded company?
Procoto is a funded company, having raised a total of $125K across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Mar 15, 2021.
How many employees does Procoto have?
As of Dec 31, 2022, the latest employee count at Procoto is 4.
What does Procoto do?
Provider of a spend management solution. The solution helps in managing procurement challenges, operational expense, sourcing process, automating purchase, contract, vendor data. It provides services like sourcing status, contract management, RFP management, vendor relationship optimization, and many more.
Who are the top competitors of Procoto?
What products or services does Procoto offer?
Procoto offers Procoto Software, Contract Digitization, and Vendor Management Tool.
Who are Procoto's investors?
Procoto has 2 investors. Key investors include Tampa Bay Ventures, and Y Combinator.