About Provade
Provade is a company based in San Mateo (United States) founded in 2004 was acquired by SmartERP in February 2018.. Provade has raised $18.57 million across 5 funding rounds from investors including SmartERP, Altos Ventures Management and Pinnacle Technical Resources. Provade operates in a competitive market with competitors including Fieldglass, Field Nation, Magnit, OneSpace and Vndly, among others.
- Headquarter San Mateo, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Provade, Inc
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Funding Insights of Provade
Provade has successfully raised a total of $18.57M across 5 strategic funding rounds. The most recent funding activity was a Series F round of $2.86 million completed in August 2010. 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 5
- Last Round Series F — $2.9M
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First Round
First Round
(23 Jan 2006)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2010 | Amount | Series F - Provade | Valuation |
investors |
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| Jun, 2009 | Amount | Series C - Provade | Valuation |
investors |
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| Jun, 2008 | Amount | Series C - Provade | Valuation |
investors |
| 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 Provade
Provade has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include SmartERP, Altos Ventures Management and Pinnacle Technical Resources. 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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Early-stage companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Provider of app & software development, big data, analytics, and ERP services
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Founded Year | Domain | Location | |
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Offers workforce solutions including MSP, payrolling, and VMS implementation services.
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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 Provade
| 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 - Provade
| 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 |
Provade Comparisons
Competitors of Provade
Provade 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 Fieldglass, Field Nation, Magnit, OneSpace and Vndly, 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 solutions for workforce and vendor management are provided.
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| domain | founded_year | HQ Location |
On-demand workforce is sourced and managed through an online platform.
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| domain | founded_year | HQ Location |
Cloud-based vendor management for contingent workforce is provided.
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| domain | founded_year | HQ Location |
Online vendor management system
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| domain | founded_year | HQ Location |
Cloud-based platform for sourcing candidates and managing vendors.
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| domain | founded_year | HQ Location |
Independent workers and organizations are connected via technology platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Provade
Frequently Asked Questions about Provade
When was Provade founded?
Provade was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Provade located?
Provade is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Who is the current CEO of Provade?
Hans Bukow is the current CEO of Provade.
Is Provade a funded company?
Provade is a funded company, having raised a total of $18.57M across 5 funding rounds to date. The company's 1st funding round was a Series C of $3.3M, raised on Jan 23, 2006.
What does Provade do?
Provade was founded in 2004 in San Mateo, United States, within the software sector focused on procurement. Enterprise vendor management systems are offered for contingent workforce and services procurement. Solutions include management of statements of work, projects, and analytics. Operations are centered on streamlining vendor processes for organizations across various industries.
Who are the top competitors of Provade?
Provade's top competitors include Magnit, MBO Partners and Field Nation.
Who are Provade's investors?
Provade has 3 investors. Key investors include SmartERP, Altos Ventures Management, and Pinnacle Technical Resources.