About ProcureNow
ProcureNow is a company based in San Francisco (United States) founded in 2014 by David Gertmenian Wong was acquired by OpenGov in June 2021.. ProcureNow operates in a competitive market with competitors including BirchStreet Systems, PayEm, Concertiv, BuyerQuest and Omnea, among others.
- Headquarter San Francisco, United States
- Founders David Gertmenian Wong
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of ProcureNow
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2017 | Amount | Seed - ProcureNow | Valuation | 500 Global |
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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 ProcureNow
ProcureNow has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include OpenGov and 500 Global. 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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Venture capital and acceleration are provided to tech startups.
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Cloud-based software for visualizing municipal financial data is provided.
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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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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by ProcureNow
| 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 - ProcureNow
| 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 |
Procurenow Comparisons
Competitors of ProcureNow
ProcureNow 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 BirchStreet Systems, PayEm, Concertiv, BuyerQuest and Omnea, 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 |
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| domain | founded_year | HQ Location |
Cloud-based procure-to-pay solutions are delivered for business management.
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| domain | founded_year | HQ Location |
SaaS expense management solutions are delivered for corporate organizations.
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| domain | founded_year | HQ Location |
Web-enabled end-to-end procurement management solutions are provided.
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| domain | founded_year | HQ Location |
Procure-to-pay software is provided for e-procurement and spend management.
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| domain | founded_year | HQ Location |
Web-enabled solutions for procurement orchestration in supply chains are offered.
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| domain | founded_year | HQ Location |
SaaS-based source-to-contract platform is provided for governments, utilities, and corporates.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about ProcureNow
When was ProcureNow founded?
ProcureNow was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is ProcureNow located?
ProcureNow is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
What does ProcureNow do?
ProcureNow was established in 2014 in San Francisco, United States, as a provider of cloud-based procurement software. Vendor engagement, contract management, collaboration tools, documentation, and analytics are included in its offerings. The software is utilized by governments, vendors, project managers, finance teams, and IT professionals. Notable clients served include San Francisco International Airport and the City of Philadelphia, supporting procurement operations across public and professional sectors.
Who are the top competitors of ProcureNow?
ProcureNow's top competitors include Concertiv, Omnea and BirchStreet Systems.
Who are ProcureNow's investors?
ProcureNow has 2 investors. Key investors include OpenGov, and 500 Global.
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