About ProcureNow
ProcureNow is a Technology company based in San Francisco (United States) founded in 2014 by David Gertmenian Wong, and was acquired by OpenGov in June 2021. Cloud-based procurement software is provided for vendor and contract management. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Procure To Pay. Its competitors include BirchStreet Systems, PayEm and Concertiv; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Founders David Gertmenian Wong
- Stage Acquired
- SectorsTechnology
- Website procurenow.com
- Social LinkedIn
- Acquired by OpenGov (Jun 2021)
Funding Insights of ProcureNow
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of ProcureNow 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 2017 | Seed | – | 500 Global | – |
2 investors in total: 2 institutional.
Investors in ProcureNow
ProcureNow has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include OpenGov and 500 Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Cloud-based software for visualizing municipal financial data is provided. | 2012 | opengov.com | Redwood City, United States |
Investor details for ProcureNow
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of ProcureNow
1 people are tracked at ProcureNow (1 in leadership).
| Name | Role | Group |
|---|---|---|
David Gertmenian Wong | Co-Founder | Leadership |
Complete people profiles for ProcureNow
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Timeline of ProcureNow
3 dated milestones of ProcureNow across 7 years, from founding to its latest funding, stage changes and deals.
- Founded ProcureNow is founded.
- Funding First funding round.
- Exit Acquired by OpenGov.
Competitors of ProcureNow
ProcureNow has 3 listed competitors in our database, 3 of them funded. They include BirchStreet Systems, PayEm and Concertiv.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| birchstreetsystems.com | 2002 | Newport Beach, United States | $2.04M | 75 | Cloud-based procure-to-pay solutions are delivered for business management. | |
| payem.co | 2019 | San Francisco, United States | $40M | 1 | SaaS expense management solutions are delivered for corporate organizations. | |
| concertiv.com | 2014 | New York, United States | $6.62M | 27 | Web-enabled end-to-end procurement management solutions are provided. |
Detailed competitors of ProcureNow
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Top companies in Procurement & Supply Chain IT
3 companies that operate in the same segment as ProcureNow (Procurement & Supply Chain IT) in United States, 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 | 3,711 | |
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 |
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Related news about Procurenow
Complete news archive for ProcureNow
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Frequently Asked Questions about ProcureNow
ProcureNow was founded in 2014 and raised its 1st funding round 3 years after it was founded.
ProcureNow is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
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.
ProcureNow's top competitors include Concertiv, BirchStreet Systems and PayEm.
ProcureNow has 2 investors. Key investors include OpenGov, and 500 Global.
Yes. ProcureNow was acquired by OpenGov in June 2021.