About Scanmarket
Scanmarket is a Technology company based in Solbjerg (Denmark) founded in 1999, and was acquired by Unit4 in June 2022. It operates as a cloud-based sourcing and procurement solutions are developed and provided. Scanmarket has raised $20.1 million across 3 funding rounds from investors including Unit4 and Verdane. The company has 21 employees. Scanmarket has completed 1 acquisition, including Symfact. Scanmarket was last valued at $31.82 million in August 2020. Its website scanmarket.com draws about 10 thousand monthly visits. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Suite. Its legal entity is SCANMARKET A/S. Its competitors include Sage Group, Coupa, Airbase, Bizongo and Procurify and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
Scanmarket was founded in 1999 in Solbjerg, Denmark, and operates in the procurement software sector. Cloud-based platforms are offered for eSourcing in contract management, e-RFx handling quality standards and financial details, e-Auction facilitating online negotiations, and eLearning for training. Additional tools cover spend analysis and contract oversight. Consulting, supplier sourcing, and helpdesk support are provided to clients including Iglo Group and Babcock.
- Headquarters Solbjerg, Denmark
- Employees 21
- Stage Minicorn
- SectorsTechnology
- Website scanmarket.com
- Social LinkedIn X Facebook
- Acquired by Unit4 (Jun 2022)
- Legal Name Scanmarket A/S
Funding Insights of Scanmarket
Scanmarket has successfully raised a total of $20.1M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $442.8 thousand completed in August 2020. 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 $20.1M
- Total Rounds 3
- Last Round Series A — $442,801
- First Round $19.15M
(Jan 2019)
All 3 funding rounds of Scanmarket 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 2020 | $442,801 | Series A | $31.82M | – | – |
| Dec 2019 | $504,119 | Series A | $19.4M | – | – |
| Jan 2019 | $19.15M | Series A | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2020 | $31.82M | •••••••• |
| Dec 2019 | $19.4M | •••••••• |
| Jan 2019 | $••••• | •••••••• |
Full valuation and stage history of Scanmarket
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Last known valuation $31.82M (Aug 2020). 2 investors in total: 2 institutional.
Investors in Scanmarket
Scanmarket has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Unit4 and Verdane.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm and funds of fund focused on technology-enabled and sustainable companies | – | verdane.com | Oslo, Norway | |
Cloud-based ERP software is offered for business resource planning. | 1980 | unit4.com | Sliedrecht, Netherlands |
Investor details for Scanmarket
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Investments & Acquisitions by Scanmarket
Scanmarket has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Symfact.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Contract and compliance management solutions are provided for enterprises worldwide. | symfact.com | Bern, Switzerland | 2003 | Oct 2021 | •••• |
Complete acquisition details for Scanmarket
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Timeline of Scanmarket
7 dated milestones of Scanmarket across 23 years, from founding to its latest funding, stage changes and deals.
Competitors of Scanmarket
Scanmarket has 10 listed competitors in our database, 8 of them funded. They include Sage Group, Coupa, Airbase, Bizongo and Procurify, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for 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. | |
| esker.com | 1985 | Middleton, United States | – | 223 | AI and cloud-enabled source-to-pay automation solutions are provided for businesses. | |
| sciquest.com | 1995 | Cary, United States | $63.8M | – | Cloud-based SaaS for procurement automation and spend management is offered. | |
| tradeshift.com | 2010 | San Francisco, United States | $1.24B | – | Cloud-based source-to-pay management solutions are provided for businesses. | |
| logicsource.com | 2009 | Norwalk, United States | $205.68M | 196 | Cloud-based sourcing and procurement solutions are provided for multiple industries. |
Detailed competitors of Scanmarket
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Web traffic of Scanmarket
The website of Scanmarket (scanmarket.com) receives about 10.1K visits a month.
- Monthly visits10.1K
▼ 33.2% vs previous month
Websites whose visitors overlap most with Scanmarket. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| iasta.com | 100% | – | – | View details | |
| perfect.com | 74% | – | – | View details | |
| proactis.com | 74% | 20.9K | #1,039,696 | View details | |
| ionwave.net | 73% | 210.8K | #152,469 | View details | |
| pool4tool.com | 71% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Scanmarket
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Top companies in Procurement & Supply Chain IT
10 companies that operate in the same segment as Scanmarket (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 3,711 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | 1,164 | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Related news about Scanmarket
Complete news archive for Scanmarket
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Frequently Asked Questions about Scanmarket
Scanmarket was founded in 1999 and raised its 1st funding round 20 years after it was founded.
Scanmarket is headquartered in Solbjerg, Denmark.
Scanmarket is a funded company, having raised a total of $20.1M across 3 funding rounds to date. The company's 1st funding round was a Series A of $19.15M, raised on Jan 2019.
Scanmarket has 21 employees.
Scanmarket was founded in 1999 in Solbjerg, Denmark, and operates in the procurement software sector. Cloud-based platforms are offered for eSourcing in contract management, e-RFx handling quality standards and financial details, e-Auction facilitating online negotiations, and eLearning for training. Additional tools cover spend analysis and contract oversight. Consulting, supplier sourcing, and helpdesk support are provided to clients including Iglo Group and Babcock.
Scanmarket's top competitors include Coupa, Sage Group and Airbase.
Scanmarket has made 1 acquisition, including Symfact.
The valuation of Scanmarket is $31.82M as of Aug 2020.
Scanmarket operates through Scanmarket A/S.
Yes. Scanmarket was acquired by Unit4 in June 2022.