About Procurified
Procurified is a company based in Dubai (United Arab Emirates) founded in 2019 by Rupert Tait. Procurified has raised $1.1 million across 1 funding round from investors including Empede Capital, Al Hathboor and Signal Peak. Procurified operates in a competitive market with competitors including 1build, Ediphi, Buildxact, Monstock and Estimating Edge, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Rupert Tait
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Sectors
Real Estate & Construction
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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
$1.1 M (USD)
in 1 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Aug 04, 2022
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Investors
Empede Capital
& 3 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $1.1M
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First Round
First Round
(04 Aug 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Procurified | Valuation | Aditum |
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 |
|---|---|---|---|---|
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Venture capital investments are made in innovative technology sectors.
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Founded Year | Domain | Location | |
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Early-stage investments in US tech and life sciences are targeted.
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Founded Year | Domain | Location | |
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A diversified conglomerate, Al Hathboor is engaged in trading, manufacturing, and services across the Middle East.
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Founded Year | Domain | Location |
Investments & Acquisitions by Procurified
Financial Statements - Procurified
Procurified Comparisons
Competitors of Procurified
Procurified 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 1build, Ediphi, Buildxact, Monstock and Estimating Edge, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS takeoff and estimation software is provided for construction professionals.
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| domain | founded_year | HQ Location |
Cloud-based estimation platform for preconstruction is provided.
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| domain | founded_year | HQ Location |
Cloud-based software is provided for construction estimation and job management.
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| domain | founded_year | HQ Location |
Cloud-based inventory management solutions are offered to various sectors.
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| domain | founded_year | HQ Location |
Provider of estimation and takeoff software for the construction industry
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| domain | founded_year | HQ Location |
LiveCosts is focused on construction cost tracking software solutions.
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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 04, 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.