About ProcurementFlow
ProcurementFlow is a company based in Tallinn (Estonia) founded in 2019 by Marius Arras. ProcurementFlow has raised $660.9 thousand across 1 funding round from investors including Lemonade Stand, Thomas Padovani and Bellone Invest. ProcurementFlow offers products and services including Procurement Platform, Supplier Portal, and Requisition Management. ProcurementFlow operates in a competitive market with competitors including Coupa, Sage Group, Airbase, Bizongo and Procurify, among others.
- Headquarter Tallinn, Estonia
- Founders Marius Arras
- SectorsTechnology
- Email••••••••
- Website procurementflow.com
- Social LinkedIn X Facebook Instagram
- Legal Name Procurement Flow Oü
- Annual Revenue$91.91 K (USD)40as on Dec 31, 2022
- Total Equity Funding$660.9K (USD)
in 1 rounds
- Latest Funding Round$660.9K (USD), Seed
Nov 2019
- InvestorsLemonade Stand
& 8 more
Products & Services of ProcurementFlow
ProcurementFlow offers a comprehensive portfolio of products and services, including Procurement Platform, Supplier Portal, and Requisition Management.
Platform for managing procurement requests and approvals efficiently.
Free portal for suppliers to interact and handle transactions securely.
Software for handling purchase requisitions and workflows.
Funding Insights of ProcurementFlow
ProcurementFlow has successfully raised a total of $660.9K through 1 strategic funding round. The most recent funding activity was a Seed round of $660.9 thousand completed in November 2019. 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 $660,904
- Total Rounds 1
- Last Round Seed — $660,904
- First Round $660,904
(Nov 2019)
- Investors Count 9
All 1 funding rounds of ProcurementFlow 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 |
|---|---|---|---|---|---|
| Nov 2019 | $660,904 | Seed | – | Lemonade Stand |
9 investors in total: 3 institutional and 6 angel.
Investors in ProcurementFlow
ProcurementFlow has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Lemonade Stand, Thomas Padovani and Bellone Invest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early stage tech investments are made by Lemonade Stand. | – | lemonadestand.ee | Tallinn, Estonia | |
Bellone Invest is focused on funding high-potential digital companies. | – | bellone.ee | Estonia | |
Designs user experiences, develops apps, e-commerce, and hardware prototypes. | 2013 | stagnationlab.com | Estonia | |
TP Thomas Padovani | Angel investor and entrepreneur, co-founder of Epigamia, focused on consumer brands | – | unknown_82f586338f8343329 | - |
TM Taavi Madiberk | Co-founder of Skeleton Technologies, active angel investor in tech startups | – | unknown_61cbb7f672a44e80b | - |
OA Oliver Ahlberg | Angel investor and entrepreneur, co-founder of Snitch, focusing on Indian startups | – | unknown_43d69de668ca439b9 | - |
MH Martin Henk | Co-founder of Pipedrive, angel investor in Indian startups, tech enthusiast | – | unknown_68deb8cd6d554476b | - |
KV Kristjan Vilosius | Co-founder of Katana, Estonian entrepreneur, active angel investor in tech startups | – | unknown_b747efc5475344a39 | - |
MV Martin Villig | Co-founder of Bolt, active angel investor in tech startups | – | unknown_c08b6a6db52243c99 | - |
Investor details for ProcurementFlow
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.
People of ProcurementFlow
13 people are tracked at ProcurementFlow (4 in leadership, 8 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Marius Arras | Co-Founder | Leadership |
Annika Ljaš | CMO | Leadership |
Priit Kallas | CTO | Leadership |
Tarmo Saidla | CEO & Co-Founder | Leadership |
Markku Palipea | Advisor | Board & advisors |
Siim Teller | Advisor | Board & advisors |
Kristjan Vilosius | Advisor | Board & advisors |
Oliver Ahlberg | Advisor | Board & advisors |
Taavi Madiberk | Advisor | Board & advisors |
Thomas Padovani | Advisor | Board & advisors |
Martin Villig | Advisor | Board & advisors |
Martin Henk | Advisor | Board & advisors |
Dusan Kanak | Czech & Slovakia Country Manager & Solution Expert | Team |
Complete people profiles for ProcurementFlow
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ProcurementFlow
2 dated milestones of ProcurementFlow, from founding to its latest funding, stage changes and deals.
- Founded ProcurementFlow is founded.
- Funding First funding round of $661K.
Competitors of ProcurementFlow
ProcurementFlow 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, Sage Group, Airbase, Bizongo and Procurify, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| 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. | |
| logicsource.com | 2009 | Norwalk, United States | $205.68M | 196 | Cloud-based sourcing and procurement solutions are provided for multiple industries. | |
| tradeshift.com | 2010 | San Francisco, United States | $1.24B | – | Cloud-based source-to-pay management solutions are provided for businesses. | |
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software | |
| esker.com | 1985 | Middleton, United States | – | 223 | AI and cloud-enabled source-to-pay automation solutions are provided for businesses. |
Detailed competitors of ProcurementFlow
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 ProcurementFlow
The website of ProcurementFlow (procurementflow.com) receives about 3.3K visits a month.
- Monthly visits3.3K
▼ 24.2% vs previous month
Websites whose visitors overlap most with ProcurementFlow. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tradogram.com | 100% | 88.2K | #260,884 | View details |
Similar companies to ProcurementFlow
10 companies that operate in the same segment as ProcurementFlow (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 ProcurementFlow
ProcurementFlow was founded in 2019.
ProcurementFlow is headquartered in Tallinn, Estonia.
ProcurementFlow is a funded company, having raised a total of $660.9K across 1 funding round to date. The company's 1st funding round was a Seed of $660.9K, raised on Nov 2019.
Annual revenue of ProcurementFlow is $91.91K as on Dec 31, 2022.
ProcurementFlow was founded in 2019 in Tallinn, Estonia, focusing on software for team management and procurement processes. Digital workspaces are managed, team collaboration is enabled, and procurement solutions are connected. Kanban boards are utilized for business workflows, with automation features included. Project management tools, such as drag-and-drop tasks, are offered across multiple industries via a subscription model.
ProcurementFlow's top competitors include Coupa, Sage Group and Airbase.
ProcurementFlow offers Procurement Platform, Supplier Portal, and Requisition Management.
ProcurementFlow has 9 investors. Key investors include Lemonade Stand, Thomas Padovani, Bellone Invest, Stagnation Lab, and Taavi Madiberk.
ProcurementFlow operates through Procurement Flow Oü.