About Scout RFP
Scout RFP is a Technology company based in San Francisco (United States) founded in 2013, and was acquired by Workday in November 2019. It operates as a cloud-based platform for automating RFPs and supplier bidding is offered. Scout RFP has raised $60.93 million across 5 funding rounds from investors including Workday, Scale Venture Partners and Menlo Ventures. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Source To Pay. Its legal entity is SCOUTRFP, INC. Its competitors include Globality, Fairmarkit, Scoutbee, Geniemode and supplier.io and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
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.
Apps and channels of Scout RFP
its YouTube channel Workday has 33.7K subscribers and 30 videos.
Videos from Scout RFP
The most watched videos on Scout RFP's YouTube channel, Workday (33.7K subscribers). Click a video to play it here.
More on Workday.
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 $60.93M
- Total Rounds 5
- Last Round Series C — $33.58M
- First Round $2.75M
(Jan 2015)
- Investors Count 10
All 5 funding rounds of Scout RFP 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 |
|---|---|---|---|---|---|
| Jan 2019 | $33.58M | Series C | – | Scale Venture Partners | |
| Jun 2018 | – | Series B | – | Workday | – |
| Jun 2017 | $15.6M | Series B | – | Menlo Ventures | |
| Jul 2016 | $9M | Series A | – | New Enterprise Associates | – |
| Jan 2015 | $2.75M | Seed | – | New Enterprise Associates |
10 investors in total: 9 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are focused on US companies. | – | scalevp.com | Foster City, United States | |
Early-stage venture capital firm investing in AI, healthcare, and tech sectors. | – | menlovc.com | - | |
Early to growth-stage firms are invested in by Workday Ventures. | – | ventures.workday.com | San Francisco, United States | |
Venture capital investment firm | – | nvc.vc | Burlingame, United States | |
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
Zapis Capital Group is involved in capital partnerships. | – | zapiscapital.com | - | |
Corporate backed venture capital fund investing in multiple sectors | – | gv.com | Mountain View, United States | |
- | – | salesforce.com/company/ventures | - | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | workday.com | Pleasanton, United States | |
AN Alexander Niehenke | Partner at Scale Venture Partners, active angel investor in tech startups | – | unknown_0ef1a0b4665c47658 | - |
Investor details for Scout RFP
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Scout RFP
1220 people are tracked at Scout RFP (456 in leadership, 12 in board & advisors, 752 in team).
| Name | Role | Group |
|---|---|---|
Aashna Kircher | Group General Manager, Chro Products | Leadership |
Monique Schafer | Director Of Product Management | Leadership |
Jaclynn Becker | Director Of Product Management | Leadership |
Jakob Heise | Director of Analytics | Leadership |
Garyan Wong | Principal, Partner GTM Planning & Execution | Leadership |
Kelly McCarthy | Legal Director, Assistant General Counsel | Leadership |
Diksha Khanna | Talent Partner | Leadership |
Ana Mislitchi | Head Of EMEA Value Management | Leadership |
Kristian Bønnelykke | Senior Art Director | Leadership |
Kristine Law | Director, Enablement, Procurement Services | Leadership |
Ben Bozsik | Director, Global Industry GTM & Digital Value Management | Leadership |
Mike Booth | Vp, Experiential Product Marketing | Leadership |
Betsy Brown | Global Sales Partner Enablement Program Manager, Principal | Leadership |
Eileen Long | Director | Leadership |
Chris Hansot | Sales Director Evisort AI Contract Intelligence | Leadership |
Kristin Garish | Director | Leadership |
Joshua Secrest | Head Of Frontline Marketing, Paradox | Leadership |
Shelly Mix | Director Of Strategic Initiatives - Workday Vndly | Leadership |
Mohammad Nazmuz Salehin | Senior Director, Software Development | Leadership |
Michelle A. | Sr. Director Digital Employee Experience | Leadership |
1200 more people are available in the full profile.
Complete people profiles for Scout RFP
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of Scout RFP
4 dated milestones of Scout RFP across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Scout RFP is founded.
- Funding First funding round of $2.8M.
- Funding Latest funding round, Series C, of $33.6M.
- Exit Acquired by Workday.
Competitors of Scout RFP
Scout RFP has 8 listed competitors in our database, 6 of them funded. They include Globality, Fairmarkit, Scoutbee, Geniemode and supplier.io, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| globality.com | 2015 | Palo Alto, United States | $367.55M | 171 | An AI-based platform for global sourcing and outsourcing is offered. | |
| fairmarkit.com | 2017 | Boston, United States | $77.49M | 102 | Cloud-based tail spend management is delivered for business procurement. | |
| scoutbee.com | 2015 | Wurzburg, Germany | $76M | 94 | Multi-category products are listed on an AI-driven B2B platform. | |
| geniemode.com | 2021 | Gurugram, India | $87.73M | 368 | Sourcing and supply chain platform for retailers and suppliers | |
| supplier.io | 2011 | Westchester, United States | – | 71 | Web-based supply chain sourcing solutions are provided to businesses. | |
| tradebeyond.com | 1995 | San Diego, United States | – | – | SaaS-enabled solutions for e-commerce operations management are provided. | |
| gobonfire.com | 2011 | Waterloo, Canada | $8.12M | – | Supplier sourcing is facilitated via RFx tool for procurement evaluations. | |
| showsourcing.com | 2014 | Brussels, Belgium | $466,040 | 4 | Mobile apps for supplier management and product sourcing are utilized. |
Detailed competitors of Scout RFP
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Scout RFP
Websites that share an audience with Scout RFP (scoutrfp.com).
Websites whose visitors overlap most with Scout RFP. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ecsourcinggroup.com | 100% | 1.6K | #9,216,671 | View details | |
deltabid.com | deltabid.com | 84% | – | – | – |
governmentbids.com | governmentbids.com | 67% | – | – | – |
masterdynamic.zendesk.com | masterdynamic.zendesk.com | 52% | – | – | – |
| semrush.com | 50% | 11.5M | #4,220 | View details |
Top companies in Procurement & Supply Chain IT
10 companies that operate in the same segment as Scout RFP (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 Scout Rfp
Complete news archive for Scout RFP
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Frequently Asked Questions about Scout RFP
Scout RFP was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Scout RFP is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
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 Seed of $2.75M, raised on Jan 2015.
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.
Scout RFP's top competitors include Globality, Fairmarkit and Scoutbee.
Scout RFP has 10 investors. Key investors include Workday, Scale Venture Partners, Menlo Ventures, Salesforce Ventures, and Alexander Niehenke.
Scout RFP operates through Scoutrfp, Inc..
Yes. Scout RFP was acquired by Workday in November 2019.