About SmartProcure
SmartProcure is a company based in Deerfield Beach (United States) founded in 2011. SmartProcure has raised $7.9 million across 4 funding rounds from investors including Govtech Fund. The company has 175 employees as of December 31, 2022. SmartProcure offers products and services including SmartProcure Database and Procurement Tools. SmartProcure operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Headquarter Deerfield Beach, United States
- Employees 175 as on 31 Dec, 2022
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Sectors
Government & Social SectorTechnology
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Phone
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Website
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Social
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- Legal Name Smartprocure, Inc.
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$7.9 M (USD)
in 4 rounds
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Latest Funding Round
$6.2 M (USD), Series A
Dec 17, 2014
- Investors
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Employee Count
175
as on Dec 31, 2022
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Products & Services of SmartProcure
SmartProcure offers a comprehensive portfolio of products and services, including SmartProcure Database and Procurement Tools.
Aggregates government purchase orders for searching and analysis purposes.
Enables benchmarking and cost savings through organized purchasing data.
People of SmartProcure
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Funding Insights of SmartProcure
SmartProcure has successfully raised a total of $7.9M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $6.2 million completed in December 2014. 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 SmartProcure
SmartProcure has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Govtech Fund.
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Investments are made in startups modernizing government operations.
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Investor details for SmartProcure
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- Investor locations
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Investments & Acquisitions by SmartProcure
Investment portfolio details for SmartProcure
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Financial Statements - SmartProcure
Detailed financials for SmartProcure
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Smartprocure Comparisons
Peer comparison for SmartProcure
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Competitors of SmartProcure
SmartProcure 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 Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
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Cloud-based end-to-end spend management software is delivered for businesses.
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Cloud-based accounting and payroll solutions for small and medium businesses
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Corporate cards and expense management are offered to businesses.
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Procure-to-pay management software is offered for business operations.
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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Detailed competitors of SmartProcure
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Smartprocure
Complete news archive for SmartProcure
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Frequently Asked Questions about SmartProcure
SmartProcure was founded in 2011 and raised its 1st funding round 1 year after it was founded.
SmartProcure is headquartered in Deerfield Beach, United States. It is registered at Deerfield Beach, Florida, United States.
SmartProcure is a funded company, having raised a total of $7.9M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at SmartProcure is 175.
SmartProcure collects government purchasing data and share it among other government agencies and government vendors. The data is gathered through Freedom of Information Act requests. The company aggregates purchasing order from schools, local, state and federal agencies. Government vendors uses this system to see who buys their products, how much they pay and who they purchase them from. Government agencies uses this system to identify prospective vendors, evaluate pricing parameters for each procurement, confirm vendor performance, and share lessons-learned. For vendors it offers SmartSearch and SmartExport. For government agencies it offers SmartSearch, SmartAgency and SmartPortal. The database is free for government but government vendors have to pay a subscription fee.
SmartProcure's top competitors include Coupa, Sage Group and Airbase.
SmartProcure offers SmartProcure Database and Procurement Tools.
SmartProcure has 1 investor. Key investors include Govtech Fund.