About Procurified
Procurified is a Real Estate & Construction company based in Dubai (United Arab Emirates) founded in 2019 by Rupert Tait. It operates as a saaS-driven estimation and marketplace platform for construction projects is provided. Procurified has raised $1.1 million across 1 funding round from investors including Empede Capital, Al Hathboor and Signal Peak. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Pre-Construction. Its competitors include 1build, Ediphi, Buildxact, Monstock and Estimating Edge and 1 more; 4 of its 6 listed competitors have raised funding.
Company details
Founded in 2019 and based in Dubai, United Arab Emirates, Procurified operates in the construction sector as a SaaS platform. Connections between contractors, suppliers, and manufacturers are facilitated for business needs. Features such as commercial and technical comparisons, supplier exchanges, quoting, product searches, and live project requests are included. Operations focus on streamlining procurement and collaboration processes.
- Headquarters Dubai, United Arab Emirates
- Founders Rupert Tait
- SectorsReal Estate & Construction
- Website procurified.com
- Social LinkedIn
- Total Equity Funding$1.1M (USD)
in 1 rounds
- Latest Funding Round$1.1M (USD), Seed
Aug 2022
- InvestorsEmpede Capital
& 3 more
Funding Insights of Procurified
Procurified has successfully raised a total of $1.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.1 million completed in August 2022. 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 $1.1M
- Total Rounds 1
- Last Round Seed — $1.1M
- First Round $1.1M
(Aug 2022)
- Investors Count 4
All 1 funding rounds of Procurified 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 |
|---|---|---|---|---|---|
| Aug 2022 | $1.1M | Seed | – | Aditum |
4 investors in total: 4 institutional.
Investors in Procurified
Procurified has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Empede Capital, Al Hathboor and Signal Peak.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in innovative technology sectors. | 2020 | empede.capital | Road Town, British Virgin Islands | |
Early-stage investments in US tech and life sciences are targeted. | – | spv.com | Salt Lake City, United States | |
A diversified conglomerate, Al Hathboor is engaged in trading, manufacturing, and services across the Middle East. | 1954 | alhathboor.com | Dubai, United Arab Emirates | |
Investment management services are provided by Aditum for regional investors. | 2018 | aditumim.com | Dubai, United Arab Emirates |
Investor details for Procurified
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People of Procurified
1 people are tracked at Procurified (1 in leadership).
| Name | Role | Group |
|---|---|---|
Rupert Tait | Co-Founder | Leadership |
Complete people profiles for Procurified
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Timeline of Procurified
2 dated milestones of Procurified across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Procurified is founded.
- Funding First funding round of $1.1M.
Competitors of Procurified
Procurified has 6 listed competitors in our database, 4 of them funded. They include 1build, Ediphi, Buildxact, Monstock and Estimating Edge, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1build.com | 2003 | San Francisco, United States | $14.65M | – | SaaS takeoff and estimation software is provided for construction professionals. | |
| ediphi.com | 2023 | San Francisco, United States | $18.5M | – | Cloud-based estimation platform for preconstruction is provided. | |
| buildxact.com | 2011 | Melbourne, Australia | $33M | – | Cloud-based software is provided for construction estimation and job management. | |
| monstock.net | 2017 | Reims, France | $1.73M | – | Cloud-based inventory management solutions are offered to various sectors. | |
| estimatingedge.com | 1986 | Boynton Beach, United States | – | – | Provider of estimation and takeoff software for the construction industry | |
| livecosts.com | 2018 | Dublin, Ireland | – | – | LiveCosts is focused on construction cost tracking software solutions. |
Detailed competitors of Procurified
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Web traffic of Procurified
The website of Procurified (procurified.com) receives about 2.6K visits a month.
- Monthly visits2.6K
Top companies in Construction & Building Tech
10 companies that operate in the same segment as Procurified (Construction & Building Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category products are supplied via a B2B marketplace platform. | 2015 | Singapore, Singapore, Singapore | USD 470.85 M | USD 642.28 M | 1,331 | |
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 | |
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | – | – | |
Hover is recognized for providing construction and renovation software solutions. | 2011 | San Francisco, California, United States | USD 142.3 M | – | – | |
Cloud-based CRM and project management software for contractors is provided. | 2011 | American Fork, Utah, United States | USD 383 M | – | – | |
Cloud-based AR-enabled photo collaboration for field services is provided. | 2015 | Lincoln, Nebraska, United States | USD 36.25 M | – | 362 | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.01 B | USD 101.33 M | 410 |
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Related news about Procurified
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Frequently Asked Questions about Procurified
Procurified was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Procurified is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Procurified is a funded company, having raised a total of $1.1M across 1 funding round to date. The company's 1st funding round was a Seed of $1.1M, raised on Aug 2022.
Founded in 2019 and based in Dubai, United Arab Emirates, Procurified operates in the construction sector as a SaaS platform. Connections between contractors, suppliers, and manufacturers are facilitated for business needs. Features such as commercial and technical comparisons, supplier exchanges, quoting, product searches, and live project requests are included. Operations focus on streamlining procurement and collaboration processes.
Procurified has 4 investors. Key investors include Empede Capital, Al Hathboor, Signal Peak, and Aditum.