About Provade
Provade is a Technology company based in San Mateo (United States) founded in 2004, and was acquired by SmartERP in February 2018. Enterprise vendor management software for contingent workforce is provided. Provade has raised $18.57 million across 5 funding rounds from investors including SmartERP, Altos Ventures Management and Pinnacle Technical Resources. Its chief executive, as recorded, is Hans Bukow. Its focus areas include Enterprise Applications, HRTech, Contingent Workforce Management and Vendor Management System. Its legal entity is Provade, Inc. Its competitors include Fieldglass, Field Nation and Magnit; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters San Mateo, United States
- Stage Acquired
- SectorsTechnology
- Website provade.com
- Social LinkedIn X
- Acquired by SmartERP (Feb 2018)
- Legal Name Provade, Inc
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 $18.57M
- Total Rounds 5
- Last Round Series F — $2.86M
- First Round $4M
(Jan 2006)
- Investors Count 1
All 5 funding rounds of Provade 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 |
|---|---|---|---|---|---|
| Aug 2010 | $2.86M | Series F | – | – | – |
| Jun 2009 | $3.2M | Series C | – | – | – |
| Jun 2008 | $3.3M | Series C | – | – | |
| Sep 2006 | $5.2M | Series B | – | – | |
| Jan 2006 | $4M | Series A | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage companies are funded by this venture capital firm. | altos.vc | Menlo Park, United States | ||
Provider of app & software development, big data, analytics, and ERP services | 2005 | smarterp.com | Pleasanton, United States | |
Offers workforce solutions including MSP, payrolling, and VMS implementation services. | 1996 | pinnacle1.com | Dallas, United States |
Investor details for Provade
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People of Provade
1 people are tracked at Provade (1 in leadership).
| Name | Role | Group |
|---|---|---|
Hans Bukow | CEO | Leadership |
Complete people profiles for Provade
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Timeline of Provade
5 dated milestones of Provade across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Provade is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series F, of $2.9M.
- Exit Acquired by Pinnacle Technical Resources.
- Exit Acquired by SmartERP.
Competitors of Provade
Provade has 3 listed competitors in our database, 1 of them funded. They include Fieldglass, Field Nation and Magnit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fieldglass.net | 1999 | Chicago, United States | Cloud-based solutions for workforce and vendor management are provided. | |||
| fieldnation.com | 2008 | Minneapolis, United States | $30.15M | 115 | On-demand workforce is sourced and managed through an online platform. | |
| magnitglobal.com | 1991 | Folsom, United States | Cloud-based vendor management for contingent workforce is provided. |
Detailed competitors of Provade
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Web traffic of Provade
Websites that share an audience with Provade (provade.com).
Websites whose visitors overlap most with Provade. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
iqnavigator.com | iqnavigator.com | 100% | #481,776 | – | |
flextrack.ca | flextrack.ca | 88% | – | ||
| 3storysoftware.com | 76% | 43.7K | #512,055 | View details | |
dotstaff.com | dotstaff.com | 57% | #556,953 | – | |
| fieldglass.com | 36% | 38.5K | #698,712 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Provade
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Provade (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Provade
Complete news archive for Provade
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Frequently Asked Questions about Provade
Provade was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Provade is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Hans Bukow is the CEO of Provade, as recorded in our data.
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 A of $4M, raised on Jan 2006.
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.
Provade's top competitors include Magnit, Field Nation and Fieldglass.
Provade has 3 investors. Key investors include SmartERP, Altos Ventures Management, and Pinnacle Technical Resources.
Provade operates through Provade, Inc.
Yes. Provade was acquired by SmartERP in February 2018.