About Procursys
Procursys is a company based in Boston (United States) founded in 2019.. Procursys has raised $3.28 million across 1 funding round. The company has 7 employees as of December 31, 2021. Procursys offers products and services including Procursys Platform and Network Access. Procursys operates in a competitive market with competitors including Rheaply, OfficePulse, KobZo, VARStreet and Beestate, among others.
- Headquarter Boston, United States
- Employees 7 as on 31 Dec, 2021
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Sectors
Business Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Procursys Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.28 M (USD)
in 1 rounds
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Latest Funding Round
$3.28 M (USD), Series A
Nov 29, 2022
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Investors
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Employee Count
7
as on Dec 31, 2021
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Products & Services of Procursys
Procursys offers a comprehensive portfolio of products and services, including Procursys Platform and Network Access. 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.
Cloud-based tool for sourcing and contracting service providers in facility management.
System for connecting facility managers with qualified service providers nationwide.
Unlock access to complete
Funding Insights of Procursys
Procursys has successfully raised a total of $3.28M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.28 million completed in November 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 Series A — $3.3M
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First Round
First Round
(29 Nov 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Procursys | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Procursys
| 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 - Procursys
| 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 |
Procursys Comparisons
Competitors of Procursys
Procursys 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 Rheaply, OfficePulse, KobZo, VARStreet and Beestate, 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 |
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| domain | founded_year | HQ Location |
SaaS platform for procurement and inventory management is provided.
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| domain | founded_year | HQ Location |
Procurement management software for offices is provided electronically.
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| domain | founded_year | HQ Location |
Provider of work space transformation services
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| domain | founded_year | HQ Location |
Business management platform for IT resellers, suppliers, and eCommerce solutions.
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| domain | founded_year | HQ Location |
Digital platform for real estate portfolio management and facility services procurement.
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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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Frequently Asked Questions about Procursys
When was Procursys founded?
Procursys was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Procursys located?
Procursys is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Procursys a funded company?
Procursys is a funded company, having raised a total of $3.28M across 1 funding round to date. The company's 1st funding round was a Series A of $3.28M, raised on Nov 29, 2022.
How many employees does Procursys have?
As of Dec 31, 2021, the latest employee count at Procursys is 7.
What does Procursys do?
Procursys was founded in 2019 in Boston, United States, within the SaaS sector focused on procurement for commercial spaces. Operations encompass RFP response management, bundle locations oversight, contract types handling, bid qualifying and ranking, document storage and management, sourcing, vetting processes, bid negotiations, cost assumption reviews, buyouts coordination, on-demand emergency procurement, and document qualification. Services are tailored to streamline procurement workflows across various commercial environments.
Who are the top competitors of Procursys?
Procursys's top competitors include Rheaply, KobZo and OfficePulse.
What products or services does Procursys offer?
Procursys offers Procursys Platform and Network Access.