About Scout RFP
Scout RFP is a company based in San Francisco (United States) founded in 2013 was acquired by Workday in November 2019.. Scout RFP has raised $60.93 million across 5 funding rounds from investors including Workday, Scale Venture Partners and Menlo Ventures. Scout RFP operates in a competitive market with competitors including Globality, Fairmarkit, Scoutbee, Geniemode and supplier.io, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Scoutrfp, Inc.
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Software Development Team
275 people
Leadership Team
250 people
Sales and Marketing
196 people
Finance and Accounting
67 people
Senior Team
61 people
Principal Team
47 people
Product Management Team
46 people
Human Resources and Administration
38 people
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Funding Insights of Scout RFP
Scout RFP has successfully raised a total of $60.93M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $33.58 million completed in January 2019. 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 C — $33.6M
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First Round
First Round
(27 Jan 2015)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series C - Scout RFP | Valuation | Scale Venture Partners | |
| Jun, 2018 | Amount | Series B - Scout RFP | Valuation | Workday |
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| Jun, 2017 | Amount | Series B - Scout RFP | Valuation | Menlo Ventures |
| 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 Scout RFP
Scout RFP has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Workday, Scale Venture Partners and Menlo Ventures. 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 venture capital investments are focused on US companies.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Early to growth-stage firms are invested in by Workday Ventures.
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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 Scout RFP
| 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 - Scout RFP
| 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 |
Scout Rfp Comparisons
Competitors of Scout RFP
Scout RFP 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 Globality, Fairmarkit, Scoutbee, Geniemode and supplier.io, 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 |
An AI-based platform for global sourcing and outsourcing is offered.
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| domain | founded_year | HQ Location |
Cloud-based tail spend management is delivered for business procurement.
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| domain | founded_year | HQ Location |
Multi-category products are listed on an AI-driven B2B platform.
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| domain | founded_year | HQ Location |
Sourcing and supply chain platform for retailers and suppliers
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| domain | founded_year | HQ Location |
Web-based supply chain sourcing solutions are provided to businesses.
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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 Scout Rfp
Frequently Asked Questions about Scout RFP
When was Scout RFP founded?
Scout RFP was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Scout RFP located?
Scout RFP is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Scout RFP a funded company?
Scout RFP is a funded company, having raised a total of $60.93M across 5 funding rounds to date. The company's 1st funding round was a Series B of $15.6M, raised on Jan 27, 2015.
What does Scout RFP do?
Scout RFP was founded in 2013 in San Francisco, United States, as a cloud-based sourcing platform in the procurement sector. Manual tasks such as RFPs and RFQs are automated, with suppliers invited to bid and a unified view of sourcing events provided. Tracking, analysis, and communication during bidding are enabled securely for medium to large enterprises. Additional capabilities include pricing analytics, QA handling, file organization, and compliance oversight.
Who are the top competitors of Scout RFP?
Scout RFP's top competitors include Globality, Fairmarkit and Scoutbee.
Who are Scout RFP's investors?
Scout RFP has 10 investors. Key investors include Workday, Scale Venture Partners, Menlo Ventures, Salesforce Ventures, and Alexander Niehenke.
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