About Procural
Procural is a company based in Manama (Bahrain) founded in 2022.. Procural has raised $1.2 million across 1 funding round from investors including BenchMatrix and unknown. Procural operates in a competitive market with competitors including WCube, HotLink, NovaFori, Lawazem and Sorsera, among others.
- Headquarter Manama, Bahrain
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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
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Feb 28, 2023
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Investors
BenchMatrix
& 1 more
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Employee Count
Employee Count
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Funding Insights of Procural
Procural has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in February 2023. 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 Seed — $1.2M
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First Round
First Round
(28 Feb 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - Procural | Valuation |
investors |
| 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 Procural
Procural has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include BenchMatrix and unknown. 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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Offers software and services for banking governance, risk management, and compliance.
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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 Procural
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Procural
| 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 |
Procural Comparisons
Competitors of Procural
Procural 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 WCube, HotLink, NovaFori, Lawazem and Sorsera, 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 |
B2B procurement marketplace is operated for mid-sized enterprises.
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| domain | founded_year | HQ Location |
Cloud-based B2B trade platform is provided with event management features.
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| domain | founded_year | HQ Location |
AI-enabled B2B marketplace for procurement and trading is provided.
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| domain | founded_year | HQ Location |
Multi-category products are provided via an online B2B marketplace.
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| domain | founded_year | HQ Location |
Provider of web-enabled B2B procurement marketplace connecting buyers and suppliers
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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 Procural
Frequently Asked Questions about Procural
When was Procural founded?
Procural was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Procural located?
Procural is headquartered in Manama, Bahrain.
Is Procural a funded company?
Procural is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Feb 28, 2023.
What does Procural do?
Procural was founded in 2022 in Manama, Bahrain, within the B2B procurement sector. A web-enabled marketplace is provided to support procurement management. Users are enabled to browse and bid on business proposals, which are classified by status and type. Operations focus on facilitating efficient sourcing and transaction processes for business clients across the region.
Who are the top competitors of Procural?
Who are Procural's investors?
Procural has 2 investors. Key investors include BenchMatrix, and unknown.