About Procurify
Procurify is a company based in Vancouver (Canada) founded in 2012 by Aman Mann, Kenneth Loi, and Eugene Dong.. Procurify has raised $82.49 million across 9 funding rounds from investors including Canadian Imperial Bank of Commerce, Manulife and HarbourVest Partners. Procurify offers products and services including Procure-to-Pay Software, AP Automation, and Expense Management. Procurify operates in a competitive market with competitors including Tipalti, Sage Group, Coupa, MineralTree and Airbase, among others.
- Headquarter Vancouver, Canada
- Founders Aman Mann, Kenneth Loi, Eugene Dong
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Procurify Technologies Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$82.49 M (USD)
in 9 rounds
-
Latest Funding Round
$20 M (USD), Debt – Venture
Nov 04, 2024
-
Investors
Canadian Imperial Bank of Commerce
& 17 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Procurify
Procurify offers a comprehensive portfolio of products and services, including Procure-to-Pay Software, AP Automation, and Expense Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates purchasing from requests to payments for better spend control.
Handles invoice capture and payments to reduce errors and speed processes.
Manages business expenses and reports for real-time financial visibility.
Unlock access to complete
Funding Insights of Procurify
Procurify has successfully raised a total of $82.49M across 9 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $20 million completed in November 2024. 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 9
- Last Round Debt – Venture — $20.0M
- First Round First Round
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Debt – Venture - Procurify | Valuation |
investors |
|
| Oct, 2023 | Amount | Series C - Procurify | Valuation | Ten Coves Capital | |
| Jun, 2022 | Amount | Debt – Venture - Procurify | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Procurify
Procurify has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Manulife and HarbourVest Partners. 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 |
|---|---|---|---|---|
|
Fintech startups are funded by this venture capital firm.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on fintech & enterprise SaaS sectors
|
Founded Year | Domain | Location | |
|
Private market investment solutions are offered to institutional clients.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Procurify
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Procurify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Procurify Comparisons
Competitors of Procurify
Procurify 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 Tipalti, Sage Group, Coupa, MineralTree and Airbase, 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 |
Cloud-based procurement and invoice management solutions are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
|
|
| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-based accounts payable automation is delivered for businesses.
|
|
| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
|
|
| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Procurify
Frequently Asked Questions about Procurify
When was Procurify founded?
Procurify was founded in 2012.
Where is Procurify located?
Procurify is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Procurify a funded company?
Procurify is a funded company, having raised a total of $82.49M across 9 funding rounds to date.
What does Procurify do?
Procurify was founded in 2012 in Vancouver, Canada, as a provider of SaaS-based spend management solutions in the procurement sector. Procure-to-pay operations are automated and streamlined through the platform, which tracks spending and enhances visibility across processes. Key features include approval workflows, real-time budget monitoring, expense handling, vendor oversight, spend analytics, and reporting tools. An Android application is offered for mobile access.
Who are the top competitors of Procurify?
Procurify's top competitors include Coupa, Sage Group and Airbase.
What products or services does Procurify offer?
Procurify offers Procure-to-Pay Software, AP Automation, and Expense Management.
Who are Procurify's investors?
Procurify has 18 investors. Key investors include Canadian Imperial Bank of Commerce, Manulife, HarbourVest Partners, Nexus Venture Partners, and BDC.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.