About Sorsera
Sorsera is a company based in Marupe (Latvia) founded in 2020 by Rudolfs Kreicbergs and Georgs Vardanjans.. Sorsera has raised $1.41 million across 1 funding round from investors including European Union. The company has 4 employees as of December 31, 2022. Sorsera offers products and services including Tender Monitor, Tender Intelligence, Collaboration Tools, and RFx. Sorsera operates in a competitive market with competitors including WCube, NovaFori, HotLink, Procural and Proqurr, among others.
- Headquarter Marupe, Latvia
- Employees 4 as on 31 Dec, 2022
- Founders Rudolfs Kreicbergs, Georgs Vardanjans
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Sorsera
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Annual Revenue
$26.35 K (USD)0as on Dec 31, 2022
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Net Profit
$-49.02 K (USD)-370as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$1.41 M (USD)
in 1 rounds
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Latest Funding Round
$1.41 M (USD), Seed
Sep 05, 2024
- Investors
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Employee Count
4
as on Dec 31, 2022
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Products & Services of Sorsera
Sorsera offers a comprehensive portfolio of products and services, including Tender Monitor, Tender Intelligence, Collaboration Tools, and RFx. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for finding real-time tender opportunities across the EU
Provides insights into market trends and competitor activities
Facilitates engagement with suppliers and partners for tenders
Optimizes supplier requests and tender publications
Funding Insights of Sorsera
Sorsera has successfully raised a total of $1.41M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.41 million completed in September 2024. 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 1
- Last Round Seed — $1.4M
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First Round
First Round
(05 Sep 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2024 | Amount | Seed - Sorsera | Valuation | European Union |
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| 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 Sorsera
Sorsera has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Sorsera
| 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 - Sorsera
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Sorsera Comparisons
Competitors of Sorsera
Sorsera 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 WCube, NovaFori, HotLink, Procural and Proqurr, 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 |
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| domain | founded_year | HQ Location |
B2B procurement marketplace is operated for mid-sized enterprises.
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| domain | founded_year | HQ Location |
AI-enabled B2B marketplace for procurement and trading is provided.
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| domain | founded_year | HQ Location |
Cloud-based B2B trade platform is provided with event management features.
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| domain | founded_year | HQ Location |
Provider of web-enabled B2B procurement marketplace
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| domain | founded_year | HQ Location |
B2B platform facilitating polymer buying, selling, and delivery via WhatsApp.
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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 Sorsera
Frequently Asked Questions about Sorsera
When was Sorsera founded?
Sorsera was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Sorsera located?
Sorsera is headquartered in Marupe, Latvia.
Who is the current CEO of Sorsera?
Georgs Vardanjans is the current CEO of Sorsera. They have also founded this company.
Is Sorsera a funded company?
Sorsera is a funded company, having raised a total of $1.41M across 1 funding round to date. The company's 1st funding round was a Seed of $1.41M, raised on Sep 05, 2024.
How many employees does Sorsera have?
As of Dec 31, 2022, the latest employee count at Sorsera is 4.
What is the annual revenue of Sorsera?
Annual revenue of Sorsera is $26.35K as on Dec 31, 2022.
What does Sorsera do?
Sorsera was founded in 2020 and is based in Marupe, Latvia. A collaborative web platform is operated to link buyers, suppliers, partners, and supply chain professionals in the B2B procurement sector. Market analysis is facilitated, information requests are enabled, and inter-organizational conversations are supported through the system. Operations focus on streamlining procurement processes across the supply chain.
Who are the top competitors of Sorsera?
What products or services does Sorsera offer?
Sorsera offers Tender Monitor, Tender Intelligence, Collaboration Tools, and RFx.
Who are Sorsera's investors?
Sorsera has 1 investor. Key investors include European Union.