About Procuros
Procuros is a company based in Hamburg (Germany) founded in 2021 by Patrick Thelen. Procuros has raised $31.41 million across 2 funding rounds from investors including Point Nine, Creandum and Thijn Lamers. Procuros offers products and services including Procuros Integration Hub. Procuros operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Headquarter Hamburg, Germany
- Founders Patrick Thelen
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website procuros.io
- Social LinkedIn
- Legal Name Procuros Gmbh
- Total Equity Funding$31.41M (USD)
in 2 rounds
- Latest Funding Round$22.41M (USD), Series A
Oct 2026
- InvestorsPoint Nine
& 6 more
Products & Services of Procuros
Procuros offers a comprehensive portfolio of products and services, including Procuros Integration Hub.
Automates EDI and document exchange for efficient business transactions
Funding Insights of Procuros
Procuros has successfully raised a total of $31.41M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $22.41 million completed in October 2026. 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 $31.41M
- Total Rounds 2
- Last Round Series A — $22.41M
- First Round $9M
(Apr 2022)
- Investors Count 7
All 2 funding rounds of Procuros 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 |
|---|---|---|---|---|---|
| Oct 2026 | $22.41M | Series A | – | XAnge | |
| Apr 2022 | $9M | Seed | – | Point Nine, Creandum |
7 investors in total: 5 institutional and 2 angel.
Investors in Procuros
Procuros has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Point Nine, Creandum and Thijn Lamers.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward marketplace and SaaS companies. | – | pointnine.com | Berlin, Germany | |
Venture capital investments and support services are offered to early-stage tech startups. | – | creandum.com | - | |
Investments in pre-seed and seed-stage startups are made by SquareOne. | – | squareone.vc | Berlin, Germany | |
Venture capital is provided to innovative startups by b2venture. | – | b2venture.vc | St. Gallen, Switzerland | |
- | – | xange.vc | - | |
TL Thijn Lamers | - | – | unknown_8150f8fa71364eaea | - |
DC David Clarke | Angel investor in Indian startups, focused on tech and innovation. | – | unknown_2abc2a45dc5049f49 | - |
Investor details for Procuros
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Procuros
15 people are tracked at Procuros (4 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Patrick Thelen | Co-Founder & CEO | Leadership |
Benjamin Wulff | Co-Founder & CTO | Leadership |
Denica Stoyanova | Head Of Marketing | Leadership |
Malik Voß | Head of Business Development | Leadership |
Mozammil Khodabacchas | Principal Engineer | Team |
Mário Marques | Senior Backend Developer | Team |
Florian Röpstorf | Senior Backend Developer | Team |
Tiago Rechau | Lead Frontend Engineer | Team |
Serena Villa | Engineering Team Lead | Team |
Thomas Alan Kästner | PHP Backend Developer | Team |
Mohamad Hani ALHAMMAMI ALHAWASLI | Software Engineering Manager | Team |
Dr. Theresa Sophie Bockelmann | Strategy Lead | Team |
Katharina Kühn | Product Manager | Team |
José Postiga | Senior Software Engineer | Team |
Cecile Thirion | Advisor | Team |
Complete people profiles for Procuros
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Procuros
3 dated milestones of Procuros across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Procuros is founded.
- Funding First funding round of $9.0M.
- Funding Latest funding round, Series A, of $22.4M.
Competitors of Procuros
Procuros 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 Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| corcentric.com | 1998 | Mclean, United States | $81.2M | – | Cloud-based procurement automation solutions are delivered to businesses worldwide. | |
| mineraltree.com | 2010 | Cambridge, United States | $123.38M | 26 | Cloud-based accounts payable automation is delivered for businesses. |
Detailed competitors of Procuros
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Procuros
The website of Procuros (procuros.io) receives about 17.3K visits a month.
- Monthly visits17.3K
▲ 163.8% vs previous month
Latest news on Procuros
Complete news archive for Procuros
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Procuros
10 companies that operate in the same segment as Procuros (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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
Frequently Asked Questions about Procuros
Procuros was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Procuros is headquartered in Hamburg, Germany. It is registered at Hamburg, Hamburg, Germany.
Patrick Thelen is the current CEO of Procuros. They have also founded this company.
Procuros is a funded company, having raised a total of $31.41M across 2 funding rounds to date. The company's 1st funding round was a Seed of $9M, raised on Apr 2022.
Procuros was founded in 2021 and is headquartered in Hamburg, Germany. Operations focus on the software sector, where ERP systems are developed and customized for various clients. Services include implementation, integration, and maintenance of enterprise resource planning solutions. The company is led by co-founder and CEO Patrick Thelen, with activities centered in the European market.
Procuros's top competitors include Coupa, Sage Group and Airbase.
Procuros offers Procuros Integration Hub.
Procuros has 7 investors. Key investors include Point Nine, Creandum, Thijn Lamers, SquareOne, and b2venture.
Procuros operates through Procuros Gmbh.