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 |
| 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 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. 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 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 |
| Investor | Description | 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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Founded Year | Domain | Location | |
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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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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Procurified
| 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 - Procurified
| 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 |
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. 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 |
|---|---|---|---|---|
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Procurified
Frequently Asked Questions about Procurified
When was Procurified founded?
Procurified was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Procurified located?
Procurified is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Procurified a funded company?
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.
What does Procurified do?
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.
Who are the top competitors of Procurified?
Who are Procurified's investors?
Procurified has 4 investors. Key investors include Empede Capital, Al Hathboor, Signal Peak, and Aditum.
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