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 flagship-holding.com. Procural operates in a competitive market with competitors including WCube, HotLink, NovaFori, Lawazem and Sorsera, among others.
- Headquarter Manama, Bahrain
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website procural.com/portal/landing
- Social LinkedIn
- Total Equity Funding$1.2M (USD)
in 1 rounds
- Latest Funding Round$1.2M (USD), Seed
Feb 2023
- InvestorsBenchMatrix
& 1 more
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 $1.2M
- Total Rounds 1
- Last Round Seed — $1.2M
- First Round $1.2M
(Feb 2023)
- Investors Count 2
All 1 funding rounds of Procural 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 2023 | $1.2M | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Procural
Procural has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include BenchMatrix and flagship-holding.com.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers software and services for banking governance, risk management, and compliance. | 2010 | benchmatrix.com | Manama, Bahrain | |
- | – | flagship-holding.com | - |
Investor details for Procural
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 Procural
2 dated milestones of Procural across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Procural is founded.
- Funding First funding round of $1.2M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wcubeindia.com | 2019 | Gurugram, India | $856,800 | 55 | B2B procurement marketplace is operated for mid-sized enterprises. | |
| hotlink.com | 2011 | Gurugram, India | $10M | 6 | Cloud-based B2B trade platform is provided with event management features. | |
| novafori.com | 2011 | London, United Kingdom | $11.44M | – | AI-enabled B2B marketplace for procurement and trading is provided. | |
| lawazem.com | 2020 | Riyadh, Saudi Arabia | $1.3M | – | Multi-category products are provided via an online B2B marketplace. | |
| sorsera.com | 2020 | Marupe, Latvia | $1.41M | 4 | Provider of web-enabled B2B procurement marketplace connecting buyers and suppliers | |
| europages.co.uk | 1980 | Blackpool, United Kingdom | – | – | B2B procurement marketplace is provided for international businesses. | |
| beecuick.com | 2022 | Cancun, Mexico | $20,000 | – | Hotel products are sold by suppliers via a procurement marketplace. |
Detailed competitors of Procural
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 Procural
The website of Procural (procural.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 42.5% vs previous month
Latest news on Procural
Complete news archive for Procural
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Procural
10 companies that operate in the same segment as Procural (Procurement & Supply Chain IT), 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 39.68 M | 648 | |
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 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | – | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Frequently Asked Questions about Procural
Procural was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Procural is headquartered in Manama, Bahrain.
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 2023.
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.
Procural has 2 investors. Key investors include BenchMatrix, and flagship-holding.com.