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 |
Investors in Procural
Procural has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include BenchMatrix and unknown.
| 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 |
Investments & Acquisitions by Procural
Financial Statements - Procural
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.
| 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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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 28, 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 unknown.