About Purchasing Platform
Purchasing Platform is a company based in Chicago (United States) founded in 2012. Purchasing Platform has raised $12.01 million across 5 funding rounds from investors including Method Capital, Participate Capital and Old Town Capital. Purchasing Platform offers products and services including Online Marketplace, Vendor Management, and Spend Control. Purchasing Platform operates in a competitive market with competitors including Bizongo, SmartEquip, FoodMaven, Lapasar and SuperZop, among others.
- Headquarter Chicago, United States
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Sectors
Retail
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$12.01 M (USD)
in 5 rounds
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Latest Funding Round
$7.5 M (USD), Series B
Nov 04, 2022
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Investors
Method Capital
& 2 more
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Employee Count
Not available
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Products & Services of Purchasing Platform
Purchasing Platform offers a comprehensive portfolio of products and services, including Online Marketplace, Vendor Management, and Spend Control.
B2B platform for comparing products, vendors, and delivery options.
System for activating vendors and maintaining purchase audit trails.
Tools for workflow approvals, cost savings, and portfolio standardization.
People of Purchasing Platform
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Funding Insights of Purchasing Platform
Purchasing Platform has successfully raised a total of $12.01M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $7.5 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.
Investors in Purchasing Platform
Purchasing Platform has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Method Capital, Participate Capital and Old Town Capital.
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Participate Capital is engaged in scaling small businesses through partnerships.
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Investor details for Purchasing Platform
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Investments & Acquisitions by Purchasing Platform
Investment portfolio details for Purchasing Platform
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Financial Statements - Purchasing Platform
Detailed financials for Purchasing Platform
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Purchasing Platform Comparisons
Peer comparison for Purchasing Platform
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Competitors of Purchasing Platform
Purchasing Platform 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 Bizongo, SmartEquip, FoodMaven, Lapasar and SuperZop, among others.
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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SaaS solutions are provided for industrial parts access by manufacturers.
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AI-based procurement software is provided for food supply optimization.
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Procurement software suites are provided for business operations.
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Wholesale grocery procurement is enabled for retailers and small businesses.
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Procurement processes are automated through an AI-based platform.
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Detailed competitors of Purchasing Platform
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Latest news on Purchasing Platform
Complete news archive for Purchasing Platform
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Frequently Asked Questions about Purchasing Platform
Purchasing Platform was founded in 2012.
Purchasing Platform is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Dave Bowen is the current CEO of Purchasing Platform.
Purchasing Platform is a funded company, having raised a total of $12.01M across 5 funding rounds to date.
Founded in 2012 and based in Chicago, United States, the company operates in the software sector. A suite of solutions is offered to businesses, encompassing asset management, regional management, design and branding tools, along with features for vendor and project management. Operations focus on streamlining these processes through an integrated platform accessible via purchasingplatform.com.
Purchasing Platform offers Online Marketplace, Vendor Management, and Spend Control.
Purchasing Platform has 3 investors. Key investors include Method Capital, Participate Capital, and Old Town Capital.